Articles from BigBear.ai
BigBear.ai Awarded Prime IDIQ Contract for U.S. Department of Navy's SeaPort Next Generation (NxG)
BigBear.ai (NYSEBBAI), a leader in AI-powered decision intelligence for defense and national security, has been awarded a prime Indefinite Delivery/Indefinite Quantity (IDIQ) contract under the U.S. Department of Navy’s SeaPort Next Generation (SeaPort NxG) program.
By BigBear.ai · Via Business Wire · January 30, 2025
Kevin McAleenan Appointed CEO of BigBear.ai
BigBear.ai (NYSEBBAI) today announced that the Board of Directors has appointed Kevin McAleenan as Chief Executive Officer and member of the Board of Directors, effective January 15, 2025, succeeding Mandy Long. Mandy Long will step down as Chief Executive Officer and from the Board of Directors, transitioning to serve as a Company advisor.
By BigBear.ai · Via Business Wire · January 15, 2025
BigBear.ai Awarded GSA OASIS+ IDIQ Contract for Federal Civilian and Defense Agencies
BigBear.ai (NYSEBBAI), a leading provider of AI-powered decision intelligence solutions for defense and national security, has been awarded a position on the U.S. General Services Administration’s (GSA) OASIS+ (One Acquisition Solution for Integrated Services Plus) Unrestricted Multiple Agency Contract (MAC).
By BigBear.ai · Via Business Wire · December 19, 2024
BigBear.ai Announces Exchange of a Portion of its Existing 6.00% Convertible Senior Notes due 2026 for New 6.00% Convertible Senior Secured Notes due 2029
BigBear.ai Holdings, Inc. (NYSEBBAI) (“BigBear.ai” or the “Company”) today announced that, on December 19, 2024, it has entered into separate, privately negotiated exchange agreements (the “Exchange Agreements”) with a limited number of holders of its 6.00% convertible senior notes due 2026 (the “Existing Convertible Notes”). Pursuant to such Exchange Agreements, BigBear.ai will exchange (the “Exchange Transactions”) approximately $182.3 million in aggregate principal amount of the Existing Convertible Notes for $182.3 million in aggregate principal amount of new 6.00% convertible senior secured notes due 2029 (the “New Convertible Notes”) and approximately $0.4 million in cash, with such cash payment representing the accrued and unpaid interest on such Existing Convertible Notes. The New Convertible Notes will be fully and unconditionally guaranteed, on a senior, secured basis, by the Company and certain of its existing and future direct and indirect subsidiaries, subject to certain exceptions (the “guarantors”), and will initially be secured on a first-priority basis by substantially all assets of the Company and such guarantors, subject to certain exceptions. The Exchange Transactions are expected to settle on or about December 27, 2024, subject to customary closing conditions.
By BigBear.ai · Via Business Wire · December 19, 2024
BigBear.ai and Proof Labs Collaborate to Develop Cyber Resilient On-Orbit (CROO) Solution for the Department of the Air Force
BigBear.ai (NYSEBBAI), a leading provider of AI-powered decision intelligence solutions for defense and national security, today announced a collaboration with Proof Labs Inc to deliver an advanced cyber resiliency solution for the Department of the Air Force (DAF). Proof Labs Inc, as the prime contractor, was awarded the AFWERX Small Business Innovation Research (SBIR) Direct-to-Phase II contract to develop the Cyber Resilient On-Orbit (CROO) solution, with BigBear.ai supporting as a sub-contractor.
By BigBear.ai · Via Business Wire · December 16, 2024
BigBear.ai, U.S. Navy Exercising Maritime Domain AI Orchestration at Mission Autonomy Proving Ground (MAPG)
BigBear.ai (NYSEBBAI), a premier technology provider of AI for defense and national security, today announced its participation in the U.S. Navy’s Mission Autonomy Proving Ground (MAPG) series of exercises in the second half of 2024, providing maritime domain awareness and AI orchestration. In collaboration with the U.S. Navy, BigBear.ai is showcasing ConductorOS, the company’s AI, data and sensor orchestration platform to demonstrate multi-vendor interoperability and AI deployment for the maritime domain.
By BigBear.ai · Via Business Wire · October 31, 2024
BigBear.ai Implements Biometric Boarding Solutions for Denver International Airport
BigBear.ai (NYSEBBAI) today announced a successful installation of veriScan™, BigBear.ai’s biometric verification solution, at the Denver International Airport (DEN). veriScan™ is now deployed at 14 international departure gates at DEN, impacting the boarding process for over 46,600 international departing passengers.
By BigBear.ai · Via Business Wire · October 28, 2024
BigBear.ai to Report Third Quarter 2024 Results on November 5, 2024
BigBear.ai (NYSEBBAI), a leading technology provider of AI for enterprise and defense, today announced that it will publish its third quarter earnings release on Tuesday, November 5, 2024, at approximately 4:15 pm ET. The earnings release can be accessed on the Company’s investor relations website: https://ir.bigbear.ai. While BigBear.ai will not host an earnings call for this announcement, a shareholder letter from the CEO will be provided.
By BigBear.ai · Via Business Wire · October 22, 2024
BigBear.ai Awarded 5-Year Production Contract Valued at $165 Million to Deliver the U.S. Army’s Global Force Information Management - Objective Environment (GFIM-OE)
BigBear.ai (NYSEBBAI) today announced that the U.S. Army has awarded the company a five-year, $165.15 million sole source prime contract for Global Force Information Management (GFIM) Production Services.
By BigBear.ai · Via Business Wire · October 14, 2024
BigBear.ai Names Carl Napoletano as Chief Operating Officer
BigBear.ai (NYSEBBAI) today announced the appointment of Carl Napoletano as Chief Operating Officer (COO). Napoletano, who has been with the company since 2020, will assume his new responsibilities effective immediately and will continue to report directly to CEO Mandy Long.
By BigBear.ai · Via Business Wire · October 4, 2024
BigBear.ai and Concept Solutions team awarded shared IDIQ contract with U.S. Federal Aviation Administration to provide IT solutions and emerging tech
BigBear.ai (NYSEBBAI) (“the company”), a leading AI and emerging technologies partner for enterprise and defense, today announced that the company received an award as a subcontractor to Concept Solutions, LLC (CS). CS is one of fourteen companies awarded a Federal Aviation Administration (FAA) Information Technology Innovative Procurement Strategic Sourcing (ITIPSS) contract supporting the Office of Information Technology (AIT). This multiple-award IDIQ contract, with a $2.4 billion shared ceiling over ten years, will enable the Federal Aviation Administration to acquire a full range of IT capabilities, solutions, and emerging technologies, offering state-of-the-art IT-related service solutions.
By BigBear.ai · Via Business Wire · August 20, 2024
BigBear.ai and Heathrow Collaborate to Bring Advanced Technologies to Europe's Largest Airport
BigBear.ai (NYSEBBAI), a leading provider of AI for enterprise and defense, today announced a master service agreement with Heathrow to develop and deliver advanced technologies at Europe’s largest airport.
By BigBear.ai · Via Business Wire · August 2, 2024
BigBear.ai to Report Second Quarter 2024 Results on August 1, 2024
BigBear.ai (NYSEBBAI), a leading technology provider of AI for enterprise and defense, today announced that it will publish its second quarter earnings release on Thursday, August 1, 2024, at approximately 4:15 pm ET. The earnings release can be accessed on the Company’s investor relations website: https://ir.bigbear.ai. While BigBear.ai will not host an earnings call for this announcement, a shareholder letter from the CEO will again be provided.
By BigBear.ai · Via Business Wire · July 18, 2024
BigBear.ai’s Troy™ – AI for Reverse Engineering in Cybersecurity – newest ‘Awardable’ product on DoD’s Tradewinds procurement platform
BigBear.ai (NYSEBBAI) today announced that Troy™, the company’s intelligent workflow engine designed to automate and accelerate the process of binary reverse engineering, has achieved “Awardable” status and is now available for procurement on the Chief Digital and Artificial Intelligence Office’s (CDAO) Tradewinds Solutions Marketplace. Troy™ is the latest of six BigBear.ai products now available on the Marketplace.
By BigBear.ai · Via Business Wire · July 2, 2024
BigBear.ai to Showcase AI Orchestration at the Edge during DoD Technology Readiness Experimentation 2024
BigBear.ai (NYSEBBAI), a leader in AI-powered defense and enterprise intelligence solutions, today announced that they have been invited to battle-test their capabilities in AI orchestration at the edge at the Department of Defense’s (DoD) RDER Technology Readiness Experimentation 2024 event in August.
By BigBear.ai · Via Business Wire · June 28, 2024
BigBear.ai Achieves ‘Awardable’ Status on DoD’s Tradewinds Procurement Platform with 5 AI Solutions
BigBear.ai (NYSEBBAI) today announced that it has been designated as an “Awardable” vendor for the Chief Digital and Artificial Intelligence Office’s (CDAO) Tradewinds Solutions Marketplace. Five of the company’s products, including Sensor, Data and AI Orchestration (ConductorOS), Time-Series Forecasting (VANE), Contested Logistics Planning (AURORA), Maritime Domain Awareness (Arcas), and Publicly Available Data Curation (Observe) have been added to the Marketplace.
By BigBear.ai · Via Business Wire · April 29, 2024
BigBear.ai to Report First Quarter 2024 Results on May 2, 2024
BigBear.ai (NYSEBBAI), a leading provider of AI-powered decision intelligence solutions for national security, supply chain management, and digital identity, today announced that it will publish its first quarter earnings release on Thursday, May 2, 2024, at approximately 4:15 pm ET. The earnings release can be accessed on the Company’s investor relations website: https://ir.bigbear.ai. BigBear.ai will not host an earnings call for this announcement.
By BigBear.ai · Via Business Wire · April 18, 2024
BigBear.ai Completes Pangiam Acquisition: Establishes Combined Company as Breakout Leader in Vision AI for National Security, Supply Chain Management, and Digital Identity
Today, BigBear.ai (NYSEBBAI), a leading provider of AI-powered decision intelligence solutions, announced the completion of its acquisition of Pangiam Intermediate Holdings, LLC (Pangiam), a leader in Vision AI for the global trade, travel, and digital identity industries. This strategic move accelerates and evolves BigBear.ai’s mission to create clarity for the world’s most complex decisions in three markets: national security, supply chain management, and digital identity.
By BigBear.ai · Via Business Wire · March 1, 2024
BigBear.ai to Report Fourth Quarter 2023 Results on March 7, 2024
BigBear.ai (NYSEBBAI), a leading provider of AI-powered decision intelligence solutions for national security, supply chain management, and digital identity, today announced that it will publish its fourth quarter earnings release on Thursday, March 7, 2024, at approximately 4:15 pm ET. The earnings release can be accessed on the Company’s investor relations website: https://ir.bigbear.ai. BigBear.ai will not host an earnings call for this announcement.
By BigBear.ai · Via Business Wire · February 22, 2024
BigBear.ai Announces Definitive Merger Agreement to Acquire Pangiam as well as First Quarter of Positive Net Income, Positive Adjusted EBITDA & Positive Cash Flows from Operations in Third Quarter 2023 Financial Results
COLUMBIA, Md., Nov. 07, 2023 (GLOBE NEWSWIRE) -- BigBear.ai Holdings, Inc. (NYSEBBAI) (“BigBear.ai”, “BBAI”, or the “Company”), a leader in AI-powered decision intelligence solutions, today announced financial results for the third quarter of 2023 and issued an investor letter that has been posted to the Investor Relations section of the Company’s website.
By BigBear.AI · Via GlobeNewswire · November 7, 2023
BigBear.ai to Acquire Pangiam, Combining Facial Recognition and Advanced Biometrics with BigBear.ai’s Computer Vision Capabilities to Spearhead the Vision AI Industry
COLUMBIA, Md., Nov. 06, 2023 (GLOBE NEWSWIRE) -- BigBear.ai (NYSEBBAI), a leading provider of AI-enabled business intelligence solutions, today announced a definitive merger agreement to acquire Pangiam Intermediate Holdings, LLC (Pangiam), a leader in Vision AI for the global trade, travel, and digital identity industries, for approximately $70 million in an all-stock transaction. The combined company will create one of the industry’s most comprehensive Vision AI portfolios, combining Pangiam’s facial recognition and advanced biometrics with BigBear.ai’s computer vision capabilities, positioning the company as a foundational leader in one of the fastest growing categories for the application of AI. The proposed acquisition is expected to close in the first quarter of 2024, subject to customary closing conditions, including approval by the holders of a majority of BigBear.ai’s outstanding common shares and receipt of regulatory approval.
By BigBear.AI · Via GlobeNewswire · November 6, 2023
BigBear.ai’s Simulation for AutoCAD Showcased by Autodesk CEO
COLUMBIA, Md., Oct. 04, 2023 (GLOBE NEWSWIRE) -- BigBear.ai (NYSEBBAI), a leading provider of AI-enabled business intelligence solutions, was prominently demonstrated alongside Autodesk CEO Andrew Anagnost, showcasing the partnership’s AutoCAD discrete event simulation functionality at Autodesk’s annual Digital Convergence Event.
By BigBear.AI · Via GlobeNewswire · October 4, 2023
BigBear.ai to Report Second Quarter 2023 Results on August 8, 2023
BigBear.ai (NYSEBBAI), a leader in providing AI-powered decision intelligence solutions, today announced that it will report financial results for the second quarter ended June 30, 2023 after market close on Tuesday, August 8, 2023. The Company will hold its earnings conference call and webcast on that day at 5:00 p.m. ET.
By BigBear.ai · Via Business Wire · July 25, 2023
BigBear.ai Receives 6-Month, $8.5M Extension on Phase 2 of U.S. Army GFIM OTA, Successfully Completes User Acceptance Training with U.S. Army
BigBear.ai (NYSEBBAI), a leader in providing AI-powered decision intelligence solutions, today announced that it has received a 6-month extension from the U.S. Army as the prime contractor for continuing work on the Global Force Information Management (GFIM) system, in a 6-month contract valued at just over $8.5M. The extension builds on BigBear.ai’s previous work in Phase 1 and Phase 2.
By BigBear.ai · Via Business Wire · June 12, 2023
BigBear.ai Announces Registered Direct Offering of Common Stock and Warrants
BigBear.ai Holdings, Inc. (NYSEBBAI) (“BigBear.ai” or the “Company”), a leader in AI-powered decision intelligence solutions, today announced that it has entered into a definitive agreement for the purchase and sale of 11,848,341 shares of its common stock and accompanying warrants initially exercisable for up to 8,886,255 shares of common stock at a combined purchase price of $2.11 per share of common stock for aggregate gross proceeds of approximately $25 million, before deducting underwriting discounts and commissions and offering expenses. The warrants will become exercisable six months after issuance, have a term of five years from the initial exercise date and will have an exercise price of $2.32 per share. The offering is expected to close on or about June 13, 2023, subject to satisfaction of customary closing conditions.
By BigBear.ai · Via Business Wire · June 8, 2023
BigBear.ai Announces 16% Year-over-Year Revenue Growth in First Quarter 2023 and Reporting Segment Changes
BigBear.ai Holdings, Inc. (NYSEBBAI) (“BigBear.ai” or the “Company”), a leader in AI-powered decision intelligence solutions, today announced financial results for the first quarter of 2023.
By BigBear.ai · Via Business Wire · May 9, 2023
BigBear.ai to Report First Quarter 2023 Results on May 9, 2023
BigBear.ai (NYSEBBAI), a leader in providing AI-powered decision intelligence solutions, today announced that it will report financial results for the first quarter ended March 31, 2023 after market close on Tuesday, May 9, 2023. The Company will hold its earnings conference call and webcast on that day at 5:00 p.m. ET.
By BigBear.ai · Via Business Wire · April 25, 2023
BigBear.ai Announces 21% Year-Over-Year Growth in Fourth Quarter 2022
BigBear.ai Holdings, Inc. (NYSEBBAI) (“BigBear.ai” or the “Company”), a leader in AI-powered decision intelligence solutions, today announced financial results for the fourth quarter and full year ended December 31, 2022.
By BigBear.ai · Via Business Wire · March 13, 2023
BigBear.ai to Showcase AI/ML Situational Awareness and Predictive Forecasting Solution at Exclusive U.S. Naval Forces Central Command International Maritime Exercise 2023
BigBear.ai (NYSEBBAI), a leader in AI-powered analytics and cyber engineering solutions, today announced that the company has accepted an invitation to participate and collaborate with the U.S. Navy during International Maritime Exercise 23 (IMX 23). The three-week unmanned and artificial intelligence integration event in Bahrain and Jordan aims to advance the U.S. Naval Forces Central Command’s efforts to integrate new unmanned technologies and artificial intelligence.
By BigBear.ai · Via Business Wire · March 1, 2023
BigBear.ai to Report Fourth Quarter and Full Year 2022 Results on March 13, 2023
BigBear.ai (NYSEBBAI), a leader in AI-powered analytics and cyber engineering solutions, today announced that it will report financial results for the fourth quarter and full year ended December 31, 2022 after market close on Monday, March 13, 2023. The Company will hold its earnings conference call and webcast on that day at 5:00 p.m. ET.
By BigBear.ai · Via Business Wire · February 27, 2023
BigBear.ai Named a 2023 Best Place to Work by Built In
BigBear.ai (NYSEBBAI), a leader in AI-powered analytics and cyber engineering solutions, today announced it has been named a 2023 Best Place to Work by Built In. Specifically, BigBear.ai earned a place on Best Places to Work in San Diego and Washington DC along with Best Midsize Places to Work in Boston, San Diego, and Washington DC, all of which are first-time accolades for BigBear.ai.
By BigBear.ai · Via Business Wire · January 24, 2023
BigBear.ai Secures 10-Year Multiple Award $900 Million IDIQ Contract with the U.S. Air Force
BigBear.ai (NYSEBBAI), a leader in AI-powered analytics and cyber engineering solutions, today announced it has been awarded a multiple award $900 million Indefinite Delivery/Indefinite Quantity (IDIQ) contract by the U.S. Air Force. The contract vehicle allows BigBear.ai to compete for task orders delivering capabilities, systems, and synthetic environments to the Air Force as a prime contractor. The Air Force Life Cycle Management Center (AFLCMC) Architectures and Integration Directorate expects the work on awarded task orders to be completed by 2032.
By BigBear.ai · Via Business Wire · January 12, 2023
BigBear.ai Receives Continued Listing Notice From NYSE
BigBear.ai (NYSEBBAI), a leader in AI-powered analytics and cyber engineering solutions, today announced that on December 20, 2022 it received written notice from the New York Stock Exchange (“NYSE”) that it is not in compliance with the continued listing standards set forth in Rule 802.01C of the NYSE Listed Company Manual that requires listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period (the “Notice”).
By BigBear.ai · Via Business Wire · December 23, 2022
BigBear.ai Showcases Leading Technology at Exclusive Unmanned & AI Systems Integration Event
BigBear.ai (NYSEBBAI), a leader in AI-powered analytics and cyber engineering solutions, today announced that the company has participated and collaborated with the U.S. Navy on a three-week unmanned and artificial intelligence integration event in Bahrain. The event, Digital Horizon, aimed to advance the U.S. Naval Forces Central Command’s efforts to integrate new unmanned technologies and artificial intelligence while establishing the world’s first unmanned surface vessel fleet by the end of summer 2023.
By BigBear.ai · Via Business Wire · December 15, 2022
BigBear.ai Announces Third Quarter 2022 Financial Results
BigBear.ai Holdings, Inc. (NYSEBBAI) (“BigBear.ai” or the “Company”), a leader in AI-powered analytics and cyber engineering solutions, today announced financial results for the third quarter of 2022.
By BigBear.ai · Via Business Wire · November 9, 2022
BigBear.ai to Report Third Quarter 2022 Results on November 9, 2022
BigBear.ai (NYSEBBAI), a leader in AI-powered analytics and cyber engineering solutions, today announced that it will report financial results for the third quarter ended September 30, 2022 after market close on Wednesday, November 9, 2022. The Company will hold its earnings conference call and webcast on that day at 5:00 p.m. ET.
By BigBear.ai · Via Business Wire · October 25, 2022
BigBear.ai Names Former IBM Executive Mandy Long as Chief Executive Officer
BigBear.ai (NYSEBBAI), a leader in AI-powered analytics and cyber engineering solutions, today announced that the Board of Directors has appointed former IBM executive Amanda “Mandy” Long as Chief Executive Officer and member of the Board of Directors, effective October 12, 2022. Dr. Reggie Brothers will step down as Chief Executive Officer and from the Board of Directors, transitioning to serve as a Company advisor and Operating Partner at AE Industrial Partners.
By BigBear.ai · Via Business Wire · October 11, 2022
BigBear.ai Awarded $14.8 Million U.S. Army Global Force Information Management System Contract
BigBear.ai (NYSEBBAI), a leader in AI-powered analytics and cyber engineering solutions, today announced that the United States Army has selected the Company as the sole source prime contractor for implementing the Global Force Information Management (GFIM) system in a 9-month contract valued at $14.8 million. The award builds on BigBear.ai's previous work and successful delivery of the prototype platform developed during Phase 1 of the GFIM project.
By BigBear.ai · Via Business Wire · September 29, 2022
BigBear.ai Announces Leadership Promotions to Drive Next Stage of Company Growth
BigBear.ai (NYSEBBAI), a leader in AI-powered analytics and cyber engineering solutions, today announced several senior leadership promotions that position the Company for success as a more scalable, profitable, and innovative business.
By BigBear.ai · Via Business Wire · September 22, 2022
BigBear.ai Announces Second Quarter 2022 Financial Results
BigBear.ai Holdings, Inc. (NYSEBBAI) (“BigBear.ai” or the “Company”), a leader in AI-powered analytics and cyber engineering solutions, today announced financial results for the second quarter of 2022.
By BigBear.ai · Via Business Wire · August 9, 2022
BigBear.ai to Participate in 25th Annual Oppenheimer Technology, Internet & Communications Conference
BigBear.ai (NYSEBBAI), a leader in AI-powered analytics and cyber engineering solutions, today announced that CEO Dr. Reggie Brothers, CFO Julie Peffer and Chief Corporate Development Officer Josh Kinley will participate in the 25th Annual Oppenheimer Technology, Internet & Communications Conference on Wednesday, August 10, 2022. The Company will present at 1:15 p.m. ET on August 10 and host virtual 1-on-1 sessions with members of the investment community.
By BigBear.ai · Via Business Wire · August 2, 2022
BigBear.ai to Report Second Quarter 2022 Results on August 9, 2022
BigBear.ai (NYSEBBAI), a leader in AI-powered analytics and cyber engineering solutions, today announced that it will report financial results for the second quarter ended June 30, 2022 after market close on Tuesday, August 9, 2022. The Company will hold its earnings conference call and webcast on that day at 5:00 p.m. ET.
By BigBear.ai · Via Business Wire · July 26, 2022
BigBear.ai Addresses the Future of AI, Smart Factories, and Cyber Applications at Upcoming Healthcare, Manufacturing, Cybersecurity, and Space Industry Events
BigBear.ai (NYSEBBAI), a leader in AI-powered analytics and cyber engineering solutions, will present on the future of AI at several upcoming industry events through Q3 2022. CEO Dr. Reggie Brothers will spotlight the potential for AI to promote health equity in the AIM-AHEAD Symposium’s keynote address, where he will lay out the company’s vision for trustworthy AI that can aid in ethical decision-making at every level.
By BigBear.ai · Via Business Wire · June 27, 2022
BigBear.ai Announces Key Leadership Appointments in Finance and Corporate Development
BigBear.ai (NYSEBBAI), a leader in AI-powered analytics and cyber engineering solutions, today announced that it has expanded its leadership team to better execute on its growth strategy. Effective June 13, 2022, current Chief Financial Officer Josh Kinley will take a new role as Chief Corporate Development Officer, and former Amazon executive Julie Peffer will become Chief Financial Officer of the Company.
By BigBear.ai · Via Business Wire · June 2, 2022
BigBear.ai to Present at the 42nd Annual William Blair Growth Stock Conference on June 6th, 2022
BigBear.ai (NYSEBBAI), a leader in AI-powered analytics and cyber engineering solutions, today announced that the Company will attend William Blair’s 42nd Annual Growth Stock Conference on Monday, June 6th, 2022.
By BigBear.ai · Via Business Wire · May 24, 2022
BigBear.ai Names Former Intelligence Officer Tony Barrett as President of Cyber and Engineering Division
BigBear.ai (NYSEBBAI), a leader in AI-powered analytics and cyber engineering solutions, today announced the company has appointed Tony Barrett as President of the Cyber and Engineering Sector. In this role, Barrett will drive the growth of BigBear.ai’s Federal Market by developing and deploying technical expertise and innovative solutions in artificial intelligence (AI), machine learning (ML), cyber security, and agile development to win new business, while delivering top-notch service to customers.
By BigBear.ai · Via Business Wire · May 19, 2022
BigBear.ai Announces Date of 2022 Annual Meeting of Stockholders
BigBear.ai (NYSEBBAI), a leader in AI-powered analytics and cyber engineering solutions, will conduct its first Annual Meeting of Stockholders (the “Annual Meeting”) by virtual meeting on Tuesday, June 21, 2022 at 3:00 p.m. Eastern Time. Stockholders of record as of the close of business on June 3, 2022 are entitled to vote at the Annual Meeting. The Company’s proxy statement has been filed with the Securities and Exchange Commission and is available on the Company’s investor relations website.
By BigBear.ai · Via Business Wire · May 18, 2022
BigBear.ai Announces First Quarter 2022 Financial Results
BigBear.ai Holdings, Inc. (NYSEBBAI) (“BigBear.ai” or the “Company”), a leader in AI-powered analytics and cyber engineering solutions, today announced financial results for the first quarter of 2022.
By BigBear.ai · Via Business Wire · May 9, 2022
BigBear.ai to Attend 7th Annual Oppenheimer Emerging Growth Conference on May 10th, 2022
BigBear.ai (NYSEBBAI), a leader in AI-powered analytics and cyber engineering solutions, today announced that it will attend the 7th Annual Oppenheimer Emerging Growth Conference on Tuesday, May 10th, 2022.
By BigBear.ai · Via Business Wire · May 4, 2022
BigBear.ai to Highlight Artificial Intelligence and Machine Learning Capabilities at Upcoming Industry Events
BigBear.ai (NYSEBBAI), a leader in AI-powered analytics and cyber engineering solutions, announced company executives are embarking on a thought-leadership campaign across multiple global industry events. The campaign will emphasize how the company’s advancements in AI technologies will impact the federal and commercial markets in the coming months.
By BigBear.ai · Via Business Wire · May 3, 2022
BigBear.ai to Report First Quarter 2022 Results on May 9, 2022
BigBear.ai (NYSEBBAI), a leader in AI-powered analytics and cyber engineering solutions, today announced that it will report financial results for the first quarter ended March 31, 2022 after market close on Monday, May 9, 2022. The Company will hold its earnings conference call and webcast on that day at 5:00 p.m. ET.
By BigBear.ai · Via Business Wire · April 27, 2022
BigBear.ai Appoints AI and Data Ethics Veteran Carolyn Blankenship as General Counsel
BigBear.ai (NYSEBBAI), a leader in AI-powered analytics and cyber engineering solutions, today announced that it has appointed Carolyn Blankenship as General Counsel. In this role, Blankenship will develop and lead corporate legal strategy supporting BigBear.ai’s growth initiatives as a publicly-traded company. She will play a crucial role in guiding and protecting trusted AI and data ethics principles, intellectual property (IP), mergers and acquisitions, and public company compliance.
By BigBear.ai · Via Business Wire · April 26, 2022
BigBear.ai Acquires ProModel Corporation, Leading Provider of Simulation-Based Analytics Software
BigBear.ai (NYSEBBAI), the leader in AI-powered analytics and cyber engineering solutions, today announced it has acquired ProModel Corporation, a provider of simulation-based predictive analytics software for manufacturing, healthcare, shipbuilding, and other industries. The accretive acquisition furthers BigBear.ai's commercial growth strategy with the addition of industry-leading modeling applications used by hundreds of global customers, including many Fortune 500 companies.
By BigBear.ai · Via Business Wire · April 11, 2022
BigBear.ai to Ring New York Stock Exchange Opening Bell on March 30
BigBear.ai (NYSEBBAI), a leading provider of AI-powered analytics and cyber engineering solutions, today announced that it will ring the Opening Bell at the New York Stock Exchange (NYSE) on March 30, 2022, in celebration of its public listing on the NYSE under the ticker symbol “BBAI” on December 8, 2021.
By BigBear.ai · Via Business Wire · March 29, 2022
BigBear.ai Expands Leadership Team to Strengthen Product Development and Research
BigBear.ai (NYSEBBAI), a leading provider of artificial intelligence ("AI"), machine learning, cloud-based big data analytics, and cyber engineering solutions, today announced two senior-level appointments to enhance the Company’s innovation and product development for public and private sector customers. Todd Hughes has been appointed Senior Vice President of Technology and Research, and Dan Jones has been appointed Senior Vice President of Products. Hughes and Jones will report to Brian Frutchey, Chief Technology Officer of BigBear.ai.
By BigBear.ai · Via Business Wire · February 22, 2022
BigBear.ai Advances Commercial Market Growth Strategy with Appointment of B2B Marketing Expert Carla Fitzgerald as Chief Marketing Officer
BigBear.ai (NYSEBBAI), a leading provider of artificial intelligence ("AI"), machine learning, cloud-based big data analytics, and cyber engineering solutions, today announced that it has appointed B2B marketing veteran Carla Fitzgerald as Chief Marketing Officer. Fitzgerald will develop and execute revenue-driving marketing initiatives for BigBear.ai’s growth strategy in the public sector and commercial markets, building brand awareness, lead generation, and customer advocacy across multiple industry verticals.
By BigBear.ai · Via Business Wire · January 31, 2022
BigBear.ai Announces Completion of Business Combination With GigCapital4
BigBear.ai, a leading provider of artificial intelligence ("AI"), machine learning, cloud-based big data analytics, and cyber engineering solutions, and GigCapital4, Inc. (“GigCapital4”; Nasdaq: GIGGU, GIG, GIGGW), a Private-to-Public Equity (PPE)TM entity also known as special purpose acquisition company (“SPAC”), today announced the completion of their previously announced business combination (the “Business Combination”). The Business Combination was approved at a Special Meeting of GigCapital4's stockholders on December 3, 2021. Upon completion of the Business Combination, the combined company changed its name to BigBear.ai Holdings, Inc. (“BigBear.ai”). BigBear.ai’s shares of common stock and warrants are expected to commence trading on the NYSE on December 8, 2021 under the new ticker symbols “BBAI” and “BBAI.WS,” respectively. The transaction values BigBear.ai at a $1.378 billion pro forma enterprise value.
By BigBear.ai · Via Business Wire · December 7, 2021
BigBear.ai Wins First Place in NAVWAR’s Artificial Intelligence Prize Challenge
BigBear.ai, a leading provider of artificial intelligence (“AI”), machine learning, cloud-based big data analytics, and cyber engineering solutions, today announced that Naval Information Warfare Systems Command (NAVWAR) awarded BigBear.ai first place in its Artificial Intelligence and Networks Advanced Naval Technology Exercise (“AINetANTX”) Artificial Intelligence (“AI”) Prize Challenge.
By BigBear.ai · Via Business Wire · December 1, 2021
BigBear.ai and GigCapital4 Enter Into $75 Million Backstop Agreement With AE Industrial Partners to Support the Continued Growth of the Business
BigBear.ai (“the Company"), a leading provider of artificial intelligence, machine learning, cloud-based big data analytics, and cyber engineering solutions, and GigCapital4, Inc. (“GigCapital4”; Nasdaq: GIGGU, GIG, GIGGW), a Private-to-Public Equity (PPE)TM entity also known as special purpose acquisition company (“SPAC”), today announced that GigCapital4 has entered into a $75 million backstop agreement (7.5 million shares at $10 per share) with AE Industrial Partners to support their previously announced business combination. The backstop agreement provides that an affiliate of AE Industrial Partners will purchase up to 7.5 million shares of GigCapital stock, with the actual amount dependent upon the amount of cash available at the closing of the business combination of the Company and GigCapital4 after any redemptions, the repayment of existing Company debt, transaction expenses and the cash portion of the merger consideration being paid in the business combination.
By BigBear.ai · Via Business Wire · November 30, 2021
BigBear.ai Awarded New Contracts
BigBear.ai (“the Company”), a leading provider of artificial intelligence ("AI"), machine learning, cloud-based big data analytics, and cyber engineering solutions, today announced that it has been awarded two new government contracts. The United States Army has awarded the Company one of two Global Force Management (“GFIM”) Phase 1 Prototype contracts. GFIM, part of PEO EIS's Army Data and Analytics Platforms (“ARDAP”) portfolio, collaborates with the Army G-3/5/7 to manage and deliver this prototype contract. In addition, BigBear.ai subsidiary, PCI, has been awarded a five-year, single award contract by the National Security Agency (NSA).
By BigBear.ai · Via Business Wire · November 22, 2021
BigBear.ai Enters into Commercial Partnership with Terran Orbital to Support Satellite Constellation Manufacturing and Operations
BigBear.ai, a leading provider of artificial intelligence, machine learning, cloud-based big data analytics, and cyber engineering solutions, announced today that it has entered into a landmark software agreement with Terran Orbital, a global leader and pioneer in the development, innovation and operation of small satellites and earth observation solutions. BigBear.ai’s AI-powered insights will enhance Terran Orbital’s manufacturing, operations, and multi-source Earth imaging offering for U.S. government, international defense and commercial clients.
By BigBear.ai · Via Business Wire · November 19, 2021
BigBear.ai Announces Leadership Appointments
BigBear.ai, a leading provider of artificial intelligence (“AI”), machine learning, cloud-based big data analytics, and cyber engineering solutions, today announced three strategic leadership appointments to support the Company’s growth:
By BigBear.ai · Via Business Wire · November 17, 2021
BigBear.ai Announces Third Quarter 2021 Financial Results
BigBear.ai, a leading provider of artificial intelligence (“AI”), machine learning, cloud-based big data analytics, and cyber engineering solutions, today announced financial results for the three months ended September 30, 2021.
By BigBear.ai · Via Business Wire · November 10, 2021
BigBear, LLC, a BigBear.ai Subsidiary, Awarded Contract to Develop Force Element Tracking & Identity Platform Utilizing MARS AI/ML Capabilities
BigBear.ai, a leading provider of artificial intelligence (“AI”), machine learning, cloud-based big data analytics, and cyber engineering solutions, today announced that BigBear, LLC, a BigBear.ai company, has been awarded a one-year contract by the Defense Intelligence Agency (“DIA”).
By BigBear.ai · Via Business Wire · October 26, 2021
BigBear.ai Awarded Data Analytics Contract by USCYBERCOM
BigBear.ai, a leading provider of artificial intelligence (“AI”), machine learning, cloud-based big data analytics, and cyber engineering solutions, announced today that the United States Cyber Command (USCYBERCOM) has awarded the TACTICALCRUISER contract to BigBear.ai. Under the five-year, single award contract, BigBear.ai will develop and deliver a real-time data analytics capability that incorporates emerging technologies to enable USCYBERCOM leadership to track, analyze, and visualize business intelligence information.
By BigBear.ai · Via Business Wire · October 7, 2021
BigBear.ai to Hold Analyst Day on September 22, 2021
BigBear.ai, a leading provider of artificial intelligence (“AI”), machine learning, cloud-based big data analytics, and cyber engineering solutions, and GigCapital4, Inc. (“GigCapital4”; Nasdaq: GIGGU, GIG, GIGGW), a private-to-public equity (PPE)TM entity also known as special purpose acquisition company, will hold a virtual Analyst Day on Wednesday, September 22, 2021 for financial analysts and investors.
By BigBear.ai · Via Business Wire · September 20, 2021
BigBear.ai Announces First Half 2021 Financial Results Including Over $150 Million in New Contract Awards and Strategic Partnership with Virgin Orbit
BigBear.ai, a leading provider of artificial intelligence (“AI”), machine learning, cloud-based big data analytics, and cyber engineering solutions, today announced financial results for the six months ended June 30, 2021.
By BigBear.ai · Via Business Wire · September 20, 2021
BigBear.ai Enters into Transformational Commercial Partnership with Virgin Orbit to Deploy AI-Powered Analytics Platform for End-to-End Responsive Launch Solutions
BigBear.ai, a leading provider of artificial intelligence, machine learning, cloud-based big data analytics, and cyber engineering solutions, today announced that it has entered into a transformational software agreement that will generate annual recurring revenue with Virgin Orbit, a responsive launch and space solutions company. BigBear.ai will support and enhance Virgin Orbit’s rapid launch capability with equally agile AI-powered insights into space-based data for US government, international defense, and commercial clients.
By BigBear.ai · Via Business Wire · September 17, 2021
BigBear.ai to Present at BMO 2021 Technology Summit
BigBear.ai, a leading provider of artificial intelligence (“AI”), machine learning, cloud-based big data analytics, and cyber engineering solutions, today announced that Reggie Brothers, Chief Executive Officer, Josh Kinley, Chief Financial Officer, and Brian Frutchey, Chief Technology Officer, will participate in the BMO 2021 Technology Summit.
By BigBear.ai · Via Business Wire · August 23, 2021
BigBear.ai Receives a Notice of Intent to Award a Two-Year Contract from the Air Force Research Laboratory
BigBear.ai, a leading provider of artificial intelligence (“AI”), machine learning, cloud-based big data analytics, and cyber engineering solutions, today announced that the Air Force Research Laboratory (“AFRL”) has issued a Notice of Intent to Award a two-year contract for a Composable Collaborative Planning prototype to BigBear.ai. This effort, titled Project AURORA, will provide the AFRL with an opportunity to leverage BigBear.ai’s three AI-powered platforms – Observe, Orient, and Dominate – to accelerate the Joint Planning decision cycle, advance the use of automated technology platforms, and establish a shared data ecosystem in support of Service and Joint planners and action officers.
By BigBear.ai · Via Business Wire · July 8, 2021
BigBear.ai Enters into Memorandum of Understanding with UAV Factory to Develop AI/ML Capabilities for Use in Autonomous Operations
BigBear.ai, a leading provider of artificial intelligence (“AI”), machine learning (“ML”), cloud-based big data analytics, and cyber engineering solutions, announced today that it has entered into a Memorandum of Understanding Agreement with UAV Factory to develop AI/ML capabilities for its unmanned systems and components for use in autonomous operations within the commercial and defense markets.
By BigBear.ai · Via Business Wire · July 1, 2021