BigBear.ai and Concept Solutions team awarded 10yr $2.4 billion shared contract with U.S. Federal Aviation Administration to provide IT solutions and emerging tech
BigBear.ai (NYSE: BBAI) has been awarded a subcontractor role in a $2.4 billion shared contract with the U.S. Federal Aviation Administration (FAA). The 10-year Information Technology Innovative Procurement Strategic Sourcing (ITIPSS) contract, led by Concept Solutions, , aims to provide a range of IT capabilities, solutions, and emerging technologies for the FAA's Office of Information Technology.
As part of a team of 12 subcontractors, BigBear.ai will support the management of information systems nationwide, focusing on administrative, financial, and security programs. The contract will enable the FAA to enhance operational and facility management capabilities, evolve existing programs, and implement innovative solutions aligned with strategic goals, including future technology modernization efforts.
BigBear.ai (NYSE: BBAI) è stata selezionata per un ruolo di subappaltatore in un contratto condiviso del valore di 2,4 miliardi di dollari con la Federal Aviation Administration (FAA) degli Stati Uniti. Il contratto di dieci anni per l'Innovative Procurement Strategic Sourcing delle Tecnologie Informatiche (ITIPSS), guidato da Concept Solutions, ha l'obiettivo di fornire una gamma di capacità IT, soluzioni e tecnologie emergenti per l'Ufficio delle Tecnologie Informatiche della FAA.
Come parte di un team di 12 subappaltatori, BigBear.ai supporterà la gestione dei sistemi informativi a livello nazionale, con un focus su programmi amministrativi, finanziari e di sicurezza. Il contratto permetterà alla FAA di migliorare le capacità operative e di gestione delle strutture, evolvere i programmi esistenti e implementare soluzioni innovative allineate agli obiettivi strategici, comprese le future iniziative di modernizzazione tecnologica.
BigBear.ai (NYSE: BBAI) ha sido adjudicada para un rol de subcontratista en un contrato compartido de 2.4 mil millones de dólares con la Administración Federal de Aviación (FAA) de EE. UU. El contrato de diez años para la Estrategia de Adquisiciones Innovadoras en Tecnologías de Información (ITIPSS), dirigido por Concept Solutions, tiene como objetivo proporcionar una variedad de capacidades, soluciones y tecnologías emergentes de TI para la Oficina de Tecnología de la Información de la FAA.
Como parte de un equipo de 12 subcontratistas, BigBear.ai apoyará la gestión de sistemas de información a nivel nacional, centrándose en programas administrativos, financieros y de seguridad. El contrato permitirá a la FAA mejorar sus capacidades operativas y de gestión de instalaciones, evolucionar programas existentes e implementar soluciones innovadoras alineadas con objetivos estratégicos, incluidas las futuras iniciativas de modernización tecnológica.
BigBear.ai (NYSE: BBAI)는 미국 연방 항공국(FAA)과의 24억 달러 규모의 공동 계약에서 하청업체 역할을 수주했습니다. Concept Solutions이 주도하는 10년 기간의 정보 기술 혁신 조달 전략 소싱(ITIPSS) 계약은 FAA의 정보 기술 사무소를 위한 다양한 IT 능력, 솔루션 및 신기술을 제공하는 것을 목표로 합니다.
12개의 하청업체 팀의 일원으로서 BigBear.ai는 전국적으로 정보 시스템 관리 지원에 초점을 맞추고 있으며, 행정, 재무 및 보안 프로그램에 중점을 두고 있습니다. 이 계약은 FAA가 운영 및 시설 관리 능력을 향상하고 기존 프로그램을 발전시키며 전략적 목표에 부합하는 혁신적인 솔루션을 구현할 수 있도록 할 것입니다. 여기에는 미래의 기술 현대화 노력도 포함됩니다.
BigBear.ai (NYSE: BBAI) a été sélectionnée pour jouer le rôle de sous-traitant dans un contrat partagé de 2,4 milliards de dollars avec la Federal Aviation Administration (FAA) des États-Unis. Le contrat de dix ans sur l'Approvisionnement Stratégique Innovant en Technologies de l'Information (ITIPSS), dirigé par Concept Solutions, vise à fournir une gamme de capacités IT, de solutions et de technologies émergentes pour le Bureau des Technologies de l'Information de la FAA.
En tant que membre d'une équipe de 12 sous-traitants, BigBear.ai soutiendra la gestion des systèmes d'information à l'échelle nationale, en se concentrant sur les programmes administratifs, financiers et de sécurité. Ce contrat permettra à la FAA d'améliorer ses capacités opérationnelles et de gestion des installations, d'évoluer les programmes existants et de mettre en œuvre des solutions innovantes alignées sur des objectifs stratégiques, y compris les futures initiatives de modernisation technologique.
BigBear.ai (NYSE: BBAI) wurde in einer Rolle als Subunternehmer für einen gemeinsamen Vertrag mit der U.S. Federal Aviation Administration (FAA) im Wert von 2,4 Milliarden Dollar ausgewählt. Der zehnjährige Vertrag über Innovative Procurement Strategic Sourcing für Informationstechnologie (ITIPSS), geleitet von Concept Solutions, zielt darauf ab, eine Reihe von IT-Fähigkeiten, Lösungen und aufkommenden Technologien für das Büro für Informationstechnologie der FAA bereitzustellen.
Als Teil eines Teams von 12 Subunternehmern wird BigBear.ai die Verwaltung von Informationssystemen landesweit unterstützen, mit Fokus auf administrative, finanzielle und Sicherheitsprogramme. Der Vertrag ermöglicht es der FAA, ihre operativen und infrastrukturellen Managementfähigkeiten zu verbessern, bestehende Programme weiterzuentwickeln und innovative Lösungen umzusetzen, die mit strategischen Zielen in Einklang stehen, einschließlich zukünftiger Technologie-Modernisierungsmaßnahmen.
- Awarded a subcontractor role in a $2.4 billion shared contract with the FAA
- 10-year contract duration provides long-term revenue potential
- Opportunity to contribute to FAA's strategic IT initiatives and technology modernization efforts
- Expands BigBear.ai's presence in the federal government sector
- Contract value is shared among multiple companies, limiting individual revenue potential
- Subcontractor role may result in lower profit margins compared to prime contractor position
This $2.4 billion shared contract over 10 years is a significant win for BigBear.ai, potentially boosting its revenue stream and market position. As a subcontractor, BigBear.ai's exact share isn't disclosed, but the contract's scale suggests substantial opportunities. The long-term nature of the contract provides stability and recurring revenue, which investors generally view favorably. However, it's important to note that as a shared contract among 14 companies, the actual impact on BigBear.ai's financials may be diluted. The company's ability to leverage this opportunity for growth and potentially secure a larger share of the contract over time will be key factors to watch.
BigBear.ai's involvement in this FAA contract highlights its strong position in AI and emerging technologies for government applications. The focus on "IT capabilities, solutions and emerging technologies" aligns well with BigBear.ai's expertise. Their role in managing information systems nationwide and implementing innovative solutions suggests potential for significant technological advancements in aviation infrastructure. This contract could serve as a showcase for BigBear.ai's capabilities, potentially leading to more government contracts in the future. The emphasis on "long-term sustainment" and "rapid modernization of bespoke solutions" indicates a deep integration approach that could set BigBear.ai apart in the federal space.
This contract win strengthens BigBear.ai's position in the government IT solutions market, a sector with stable demand and growth potential. The FAA's focus on modernizing its IT infrastructure aligns with broader trends in government digital transformation, presenting ongoing opportunities. However, investors should consider the competitive landscape, as BigBear.ai is one of 14 companies on this contract. The company's ability to differentiate itself and capture a significant portion of the contract value will be crucial. This award could also enhance BigBear.ai's reputation, potentially opening doors to similar contracts in other government agencies, which could be a catalyst for future growth and market expansion.
The ITIPSS contract is essential for procuring non-National Airspace System (non-NAS) IT services, supporting various functions such as IT resource management, financial management, and security.
Concept Solutions will lead a team of 12 subcontractors to support the AIT in achieving its strategic IT initiatives, delivering comprehensive, multi-disciplinary IT-related services, and contributing to the FAA’s mission of aviation safety and excellence.
BigBear.ai will support CS to manage information systems nationwide, providing support for administrative, financial, and security programs to enhance operational and facility management capabilities, as well as assist in evolving existing programs and implementing innovative solutions aligned with the FAA’s strategic goals, including future technology modernization efforts.
“Through this contract, BigBear.ai brings to FAA and the Concept Solutions team a long-term sustainment partner, far beyond initial implementation of off-the-shelf technology,” shared Robert Wedertz, SVP, Federal at BigBear.ai. “Our proven history of supporting the
About BigBear.ai
BigBear.ai is a leading provider of AI-powered decision intelligence solutions for national security, digital identity, and supply chain management. Customers and partners rely on BigBear.ai’s artificial intelligence and predictive analytics capabilities in highly complex, distributed, mission-based operating environments. Headquartered in
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BigBear.ai
Ryan Stenger
media@bigbear.ai
Source: BigBear.ai
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