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BigBear.ai Holdings, Inc. (NYSE: BBAI) is frequently featured in news coverage as a provider of mission-ready artificial intelligence solutions and services for defense, national security, and critical infrastructure. Company press releases highlight how customers and partners rely on its artificial intelligence and predictive analytics capabilities in highly complex, distributed, mission-based operating environments, and how these capabilities support national security and critical infrastructure missions.
News about BigBear.ai often focuses on strategic partnerships, acquisitions, and capital structure developments. For example, the company has announced a strategic partnership with C Speed, LLC to integrate BigBear.ai’s ConductorOS AI orchestration platform with C Speed’s LightWave Radar system for border and homeland security applications. It has also reported a partnership with the Kraft Group and International Forest Products LLC to strengthen supply chain transparency, alongside a marketing partnership as an Official Sponsor of the New England Patriots.
Another recurring theme in BigBear.ai news is corporate transactions and balance sheet actions. The company has disclosed an agreement and plan of merger to acquire Ask Sage, Inc., followed by a press release stating that it completed the acquisition of Ask Sage, a generative AI platform designed for secure deployment and orchestration in defense, intelligence, and other highly regulated environments. Separate releases describe BigBear.ai’s actions to reduce its convertible debt through a combination of voluntary note conversions and redemption, and a subsequent announcement that all outstanding 6.00% Convertible Senior Secured Notes due 2029 were converted into common stock.
Coverage also includes geographic expansion and community initiatives. BigBear.ai has announced the opening of its first Middle East office in Abu Dhabi, United Arab Emirates, as part of a long-term investment in the region, and has highlighted partnerships with local entities there. In the United States, the company has issued releases about supporting the Washington Commanders’ “My Cause, My Cleats” charity campaign and other sponsorship activities. Investors and observers following BBAI news can expect updates on partnerships, acquisitions, regulatory filings, capital structure changes, geographic expansion, and community and sponsorship initiatives tied to the company’s mission-ready AI focus.
BigBear.ai (NYSE: BBAI) has successfully acquired ProModel Corporation, enhancing its commercial growth strategy focused on operational AI for various industries. This acquisition provides BigBear.ai access to ProModel's predictive analytics software, used by numerous Fortune 500 companies. It allows BigBear.ai to integrate advanced decision-making capabilities in supply chains and process optimization. The deal is expected to significantly expand BigBear.ai’s customer base, adding hundreds of clients and improving market penetration globally.
BigBear.ai (NYSE: BBAI) will ring the Opening Bell at the New York Stock Exchange on March 30, 2022, celebrating its public listing on December 8, 2021. CEO Dr. Reggie Brothers will join the executive team for the event, which starts at 9:30 a.m. ET. Live coverage will be available on the NYSE website and social media platforms. BigBear.ai specializes in AI-powered analytics and cyber engineering solutions and has been operational for over 20 years, serving clients that include the U.S. Intelligence Community and Department of Defense.
BigBear.ai Holdings, Inc. (BBAI) reported a revenue of $145.6 million for 2021, with a 23% gross margin. The company secured nine new contracts, leading to a backlog of $465 million. Despite a net loss of $123.6 million for the year, driven by stock-based compensation from a merger, BigBear.ai highlights the growth potential in its federal Analytics sector. The company ended 2021 with $68.9 million in cash and aims for continued growth in 2022, projecting an increase in commercial opportunities and a solid foundation for scalable solutions.
BigBear.ai (NYSE: BBAI) will release its fourth quarter and full year financial results for the period ending
BigBear.ai (NYSE: BBAI) will showcase its AI-powered analytics and cybersecurity solutions at upcoming events, including a panel discussion at SXSW on March 15, 2022, focusing on space cybersecurity and China. The USGIF GEOINT Symposium will feature BigBear's capabilities in intelligence, logistics, and counter-narcotics from April 24-27, 2022. Recent contracts with the Defense Intelligence Agency and US Cyber Command underline the company's strategic importance in national security. BigBear aims to make AI-based decision support solutions accessible for both government and commercial sectors.
BigBear.ai (NYSE: BBAI) announced the appointment of Todd Hughes as Senior Vice President of Technology and Research and Dan Jones as Senior Vice President of Products. This strategic move aims to bolster innovation and product development, enhancing the company's solutions for both public and private sector customers. Hughes, with 20 years of experience, will drive research innovations, while Jones will focus on developing next-generation AI-driven products. Both executives bring extensive leadership and technology expertise to the company, which is poised to capitalize on the growing demand for AI and machine learning solutions.
BigBear.ai (NYSE: BBAI) has appointed Carla Fitzgerald as its new Chief Marketing Officer. Fitzgerald, with over 25 years of B2B marketing experience, will lead marketing initiatives aimed at driving revenue growth in the public and commercial sectors. This strategic move is expected to enhance brand awareness and customer advocacy. CEO Reggie Brothers emphasized the importance of effective marketing to support the company’s expansion. Fitzgerald previously served as CMO for Spireon and has extensive experience in technology marketing.