{"id":762949,"date":"2023-06-12T08:04:21","date_gmt":"2023-06-12T12:04:21","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/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\/"},"modified":"2023-06-12T08:04:21","modified_gmt":"2023-06-12T12:04:21","slug":"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","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/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\/","title":{"rendered":"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"},"content":{"rendered":"

<\/p>\n

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<\/b><\/p>\n

BigBear.ai will continue work as single-source prime contractor in transforming 15 legacy U.S. Army systems into a single intelligent automation platform, providing real-time data to be in-line with the Secretary of the Army’s data centric initiative<\/i><\/p>\n

COLUMBIA, Md.–(BUSINESS WIRE<\/a>)–BigBear.ai<\/a> (NYSE: BBAI), 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\u2019s previous work in Phase 1<\/a> and Phase 2<\/a>.<\/p>\n

\nUnder the terms of the single-source contract, BigBear.ai as the prime contractor will partner with Deloitte, Appian, and Ignite IT in continuing to build the enterprise-wide intelligent automation platform, providing the U.S. Army with a holistic view of its global force structure. As part of the work completed in Phase 2, foundational force design, registration, and accounting capabilities were developed and user validation tested by users across the Total U.S. Army. During the extension the BigBear.ai team will be charged with migrating the Prototype into U.S. Army\u2019s cARMY cloud, aligned with the U.S. Army\u2018s Cloud Plan 2022.<\/a><\/p>\n

\nBigBear.ai and the teams\u2019 solution helps the U.S. Army address Secretary of the Army Christine Wormuth\u2019s objective to embrace emerging technologies and become more data-centric. In a February message to service members, Secretary Wormuth outlined how an integrated and data-driven approach will empower the U.S. Army to \u201cbecome a more effective and efficient force\u201d in the future.<\/p>\n

\n“GFIM is a game-changing capability that holds immense importance for the U.S. Army and has the potential to revolutionize processes by enabling data-driven decision-making, automation of critical functions, and real-time visibility. Moving from 15 disparate legacy systems to an automated Deploy to Redeploy and Retrograde of Material (D2RR) process serves as a catalyst for improved readiness, effective global force management, and streamlined operations, ultimately strengthening our nation’s defense capabilities,” said Ryan Legge, President, Integrated Defense Solutions at BigBear.ai.<\/p>\n

\nThe extension comes after a successful User Acceptance Testing Session May 30 \u2013 June 1 at BigBear.ai\u2019s office in Chantilly, Va. The session included BigBear.ai staff and partners, members of the U.S. Army GFIM leadership, and members of the GFIM functional and technical communities. Through hands-on workflow collaboration, functional and technical communication, and user and developer continuity of effort, the combined teams successfully moved the GFIM program to the next phase, driving closer to achieving the Secretary of the Army\u2019s vision of a more integrated, data-driven, effective, and efficient future force.<\/p>\n

\n\u201cWe are glad to continue our partnership with BigBear.ai on the GFIM system,\u201d said Lori Mongold, U.S. Army GFIM Capabilities Management Officer. \u201cGFIM represents a transformative leap forward in force management capabilities. With its ability to provide near-real-time insights, automate critical functions, and consolidate multiple systems, GFIM is instrumental in enabling Army leadership, from the strategic to tactical level, to make informed decisions, ultimately enhancing our readiness and operational effectiveness.”<\/p>\n

About BigBear.ai<\/b><\/p>\n

\nBigBear.ai\u2019s mission is to deliver clarity for the world\u2019s most complex decisions. BigBear.ai\u2019s AI-powered, decision intelligence solutions are leveraged in three core markets: global supply chains & logistics, autonomous systems and cybersecurity. BigBear.ai\u2019s customers, which include the US Intelligence Community, Department of Defense, the US Federal Government, as well as complex manufacturing, distribution, and healthcare, all rely on BigBear.ai\u2019s solutions to empower leaders to decide on the best possible scenario by creating order from complex data, identifying blind spots, and building predictive outcomes. Headquartered in Columbia, Maryland, BigBear.ai is a global, public company traded on the NYSE under the symbol BBAI. For more information, visit: https:\/\/bigbear.ai\/<\/a> and follow BigBear.ai on Twitter: @BigBearai<\/a>.<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis press release contains \u201cforward-looking statements.\u201d Such statements include, but are not limited to, statements regarding the intended use of proceeds from the private placement and may be preceded by the words \u201cintends,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cplans,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cprojects,\u201d \u201cpredicts,\u201d \u201cestimates,\u201d \u201caims,\u201d \u201cbelieves,\u201d \u201chopes,\u201d \u201cpotential\u201d or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company\u2019s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; risks related to the uncertainty of the projected financial information (including on a segment reporting basis); risks related to delays caused by factors outside of our control, including changes in fiscal or contracting policies or decreases in available government funding; changes in government programs or applicable requirements; budgetary constraints, including automatic reductions as a result of \u201csequestration\u201d or similar measures and constraints imposed by any lapses in appropriations for the federal government or certain of its departments and agencies; influence by, or competition from, third parties with respect to pending, new, or existing contracts with government customers; our ability to successfully compete for and receive task orders and generate revenue under Indefinite Delivery\/Indefinite Quantity contracts; potential delays or changes in the government appropriations or procurement processes, including as a result of events such as war, incidents of terrorism, natural disasters, and public health concerns or epidemics; and increased or unexpected costs or unanticipated delays caused by other factors outside of our control, such as performance failures of our subcontractors; risks related to the rollout of the business and the timing of expected business milestones; the effects of competition on our future business; our ability to issue equity or equity-linked securities in the future, and those factors discussed in the Company\u2019s reports and other documents filed with the SEC, including under the heading \u201cRisk Factors.\u201d More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company\u2019s filings with the SEC, including the Company\u2019s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC\u2019s web site at https:\/\/www.sec.gov<\/a>. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise, except as required by law.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230612448020\/en\/<\/a><\/span><\/p>\n

\nBigBear.ai
\n
Shane Karp
\n
media@bigbear.ai<\/a><\/p>\n

KEYWORDS:<\/b> United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Data Management White House\/Federal Government Public Policy\/Government Technology Software Artificial Intelligence<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

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 will continue work as single-source prime contractor in transforming 15 legacy U.S. Army systems into a single intelligent automation platform, providing real-time data to be in-line with the Secretary of the Army’s data centric initiative COLUMBIA, Md.–(BUSINESS WIRE)–BigBear.ai (NYSE: BBAI), 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\u2019s previous work in Phase 1 and Phase 2. … <\/p>\n

Continue reading “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”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-762949","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBigBear.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 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/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\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"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 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"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 will continue work as single-source prime contractor in transforming 15 legacy U.S. Army systems into a single intelligent automation platform, providing real-time data to be in-line with the Secretary of the Army’s data centric initiative COLUMBIA, Md.–(BUSINESS WIRE)–BigBear.ai (NYSE: BBAI), 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\u2019s previous work in Phase 1 and Phase 2. … Continue reading "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"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/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\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-12T12:04:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230612448020r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/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\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/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\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"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\",\"datePublished\":\"2023-06-12T12:04:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/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\\\/\"},\"wordCount\":1182,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/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\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20230612448020r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/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\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/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\\\/\",\"name\":\"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 - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/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\/","og_locale":"en_US","og_type":"article","og_title":"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 - Market Newsdesk","og_description":"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 will continue work as single-source prime contractor in transforming 15 legacy U.S. Army systems into a single intelligent automation platform, providing real-time data to be in-line with the Secretary of the Army’s data centric initiative COLUMBIA, Md.–(BUSINESS WIRE)–BigBear.ai (NYSE: BBAI), 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\u2019s previous work in Phase 1 and Phase 2. … Continue reading \"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\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/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\/","og_site_name":"Market Newsdesk","article_published_time":"2023-06-12T12:04:21+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230612448020r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/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\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/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\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"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","datePublished":"2023-06-12T12:04:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/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\/"},"wordCount":1182,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/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\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230612448020r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/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\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/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\/","name":"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 - 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