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, Inc. (BBAI)
Company Research
Source: Business Wire
COLUMBIA, Md.--(BUSINESS WIRE)--BigBear.ai (NYSE: BBAI) 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.“This contract exemplifies our unwavering commitment to the Army’s digital transformation efforts through our deep mission expertise and use of cutting-edge technology,” said BigBear.ai’s CEO, Mandy Long. “We are honored that the Army has selected us as a solution development partner, and we look forward to advancing this critical mission together.”Since 2021, BigBear.ai has been working with the Army to transform 15 legacy systems into an enterprise-wide intelligent automation platform, supporting the Secretary of the Army’s vision for data-centric force management. Building on the contributions through Phase 1 and Phase 2, this contract will support the continued development and transition of GFIM-OE capabilities to production.“For the past seve
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- BigBear.ai Holdings, Inc. (NYSE: BBAI) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $3.50 price target on the stock.MarketBeat
BBAI
Earnings
- 11/5/24 - Beat
BBAI
Sec Filings
- 11/21/24 - Form 144
- 11/21/24 - Form 4
- 11/20/24 - Form 144
- BBAI's page on the SEC website