BigBear.ai, Inc. Common Stock (BBAI)

After the U.S. ended its financial support for global demining efforts, the UK-Ukraine TechExchange nonprofit released a white paper offering a technological solution to accelerate the removal of landmines in Ukraine. Once the largest donor to mine-clearing operations, the U.S. withdrawal leaves a significant funding gap, pushing Ukraine to turn to emerging technologies like artificial … Continue reading "AI and Drones to Speed Up Demining in Ukraine as U.S. Pulls Funding"

BigBear.ai (NYSEBBAI), a leading provider of AI-powered decision intelligence solutions for defense and national security, has been awarded a contract by the Department of Defense (DoD) Chief Digital and Artificial Intelligence Office (CDAO) to advance BigBear.ai’s Virtual Anticipation Network (VANE) prototype. This initiative will support the CDAO and Office of the Secretary of Defense (OSD) by leveraging custom AI models to better assess news media originating in countries that are potential foreign adversaries.

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.

In a groundbreaking move, former President Donald Trump has announced a sweeping plan to invest at least $500 billion into artificial intelligence (AI) infrastructure. This initiative, designed to cement the United States' position as a global leader in AI innovation, underscores a collaborative approach involving technology giants, mid-sized players, small-cap, and micro-cap disruptors across the sector.

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.

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).

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.

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.

BigBear.ai Holdings, Inc. (NYSEBBAI) (“BigBear.ai” or the “Company”), a leader in AI-powered decision intelligence solutions, today announced financial results for the third quarter of 2024 and issued an investor letter that has been posted to the Investor Relations section of the Company’s website.

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.

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.

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.

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.

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.

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.

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.

BigBear.ai Holdings, Inc. (NYSEBBAI) (“BigBear.ai” or the “Company”), a leader in AI-powered decision intelligence solutions, today announced financial results for the second quarter of 2024 and issued an investor letter that has been posted to the Investor Relations section of the Company’s website.

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.

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into BigBear.ai Holdings, Inc. (NYSEBBAI) (“BigBear”). KSF is investigating whether BigBear’s board of directors and its controlling stockholder, AE Industrial Partners, LP (“AEIP”), breached their fiduciary duties to BigBear and its minority stockholders in connection with, among other things, BigBear’s acquisition of Pangiam Intermediate Holdings, LLC (“Pangiam”) in March 2024 (the “Transaction”). In addition to its controlling stake in BigBear, AEIP also held a majority of Pangiam’s stock prior to the Transaction. As a common controller, AEIP had conflicts of interest in the Transaction, and KSF is investigating whether the Transaction price that BigBear paid was fair to BigBear and its minority stockholders.

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.

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.

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 2024 and issued an investor letter that has been posted to the Investor Relations section of the Company’s website.

BigBear.ai Holdings, Inc. (“BigBear.ai” or the “Company”), a leader in AI-powered decision intelligence solutions, today announced a teaming agreement with Spinnaker SCA, a leading end-to-end supply chain services consulting firm. This collaboration brings together BigBear.ai’s ProModel® modeling and simulation software with Spinnaker SCA’s deep supply chain consulting expertise to provide comprehensive solutions for optimizing clients’ supply chain, manufacturing and warehouse operations.

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.

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.