BigBear.ai and Concept Solutions team awarded shared IDIQ contract with U.S. Federal Aviation Administration to provide IT solutions and emerging tech
BigBear.ai (NYSE: BBAI) has been awarded a subcontract as part of a $2.4 billion shared IDIQ contract with the U.S. Federal Aviation Administration (FAA). The company will work alongside Concept Solutions, (CS) and 11 other subcontractors to provide IT solutions and emerging technologies for the FAA's Office of Information Technology (AIT).
The contract, known as Information Technology Innovative Procurement Strategic Sourcing (ITIPSS), spans 10 years and focuses on non-National Airspace System IT services. BigBear.ai's role includes managing information systems nationwide, supporting administrative, financial, and security programs, and assisting in the implementation of innovative solutions aligned with the FAA's strategic goals.
BigBear.ai (NYSE: BBAI) ha ricevuto un subappalto come parte di un contratto IDIQ condiviso del valore di $2,4 miliardi con l'Amministrazione Federale dell'Aviazione degli Stati Uniti (FAA). L'azienda collaborerà con Concept Solutions (CS) e altri 11 subappaltatori per fornire soluzioni IT e tecnologie emergenti per l'Ufficio Tecnologie dell'Informazione (AIT) della FAA.
Il contratto, conosciuto come Procurement Strategico Innovativo di Tecnologie Informatiche (ITIPSS), ha una durata di 10 anni e si concentra su servizi IT non legati al Sistema Aereo Nazionale. Il ruolo di BigBear.ai include la gestione dei sistemi informativi a livello nazionale, il supporto a programmi amministrativi, finanziari e di sicurezza, e l'assistenza nell'implementazione di soluzioni innovative in linea con gli obiettivi strategici della FAA.
BigBear.ai (NYSE: BBAI) ha sido adjudicada un subcontrato como parte de un contrato IDIQ compartido de $2.4 mil millones con la Administración Federal de Aviación de EE. UU. (FAA). La empresa trabajará junto a Concept Solutions (CS) y otros 11 subcontratistas para proporcionar soluciones de TI y tecnologías emergentes para la Oficina de Tecnología de la Información (AIT) de la FAA.
El contrato, conocido como Adquisición Estratégica Innovadora de Tecnologías de Información (ITIPSS), tiene una duración de 10 años y se centra en servicios de TI no relacionados con el Sistema Nacional de Espacio Aéreo. El papel de BigBear.ai incluye la gestión de sistemas de información a nivel nacional, el apoyo a programas administrativos, financieros y de seguridad, y la asistencia en la implementación de soluciones innovadoras alineadas con los objetivos estratégicos de la FAA.
BigBear.ai (NYSE: BBAI)는 미국 연방 항공국(FAA)과 체결한 24억 달러 규모의 IDIQ 계약의 일환으로 하도급을 수주했습니다. 이 회사는 Concept Solutions(CS) 및 11개의 다른 하도급업체와 협력하여 FAA의 정보 기술 사무소(AIT)에게 IT 솔루션 및 신기술을 제공할 것입니다.
이 계약은 정보 기술 혁신 조달 전략적 소싱(ITIPSS)으로 알려져 있으며, 10년 동안 지속되며 국가 공역 시스템과 무관한 IT 서비스에 초점을 맞추고 있습니다. BigBear.ai의 역할은 전국적으로 정보 시스템을 관리하고, 행정, 재정 및 보안 프로그램을 지원하며, FAA의 전략적 목표에 부합하는 혁신적인 솔루션 구현을 돕는 것입니다.
BigBear.ai (NYSE: BBAI) a remporté un sous-contrat dans le cadre d'un contrat IDIQ partagé de 2,4 milliards de dollars avec l'Administration fédérale de l'aviation des États-Unis (FAA). L'entreprise travaillera aux côtés de Concept Solutions (CS) et de 11 autres sous-traitants pour fournir des solutions informatiques et des technologies émergentes au Bureau de la technologie de l'information (AIT) de la FAA.
Le contrat, connu sous le nom d'Approvisionnement stratégique innovant en technologies de l'information (ITIPSS), s'étend sur 10 ans et se concentre sur les services informatiques non liés au système national de l'espace aérien. Le rôle de BigBear.ai comprend la gestion des systèmes d'information à l'échelle nationale, le soutien aux programmes administratifs, financiers et de sécurité, ainsi que l'assistance à la mise en œuvre de solutions innovantes alignées sur les objectifs stratégiques de la FAA.
BigBear.ai (NYSE: BBAI) hat einen Unterauftrag im Rahmen eines 2,4 Milliarden Dollar umfassenden gemeinsamen IDIQ-Vertrags mit der US-amerikanischen Federal Aviation Administration (FAA) erhalten. Das Unternehmen wird zusammen mit Concept Solutions (CS) und 11 weiteren Unterauftragnehmern IT-Lösungen und aufstrebende Technologien für das Büro für Informationstechnologie (AIT) der FAA bereitstellen.
Der Vertrag, bekannt als Innovative Beschaffung strategische Beschaffung von Informationenstechnologie (ITIPSS), hat eine Laufzeit von 10 Jahren und konzentriert sich auf IT-Dienstleistungen, die nicht mit dem nationalen Luftverkehrssystem zusammenhängen. Die Rolle von BigBear.ai umfasst die Verwaltung von Informationssystemen auf nationaler Ebene, die Unterstützung von administrativen, finanziellen und Sicherheitsprogrammen sowie die Unterstützung bei der Implementierung innovativer Lösungen, die mit den strategischen Zielen der FAA übereinstimmen.
- Awarded a subcontract as part of a $2.4 billion shared IDIQ contract with the FAA
- Contract spans 10 years, providing long-term revenue potential
- Opportunity to contribute to FAA's strategic IT initiatives and future technology modernization efforts
- Shared contract ceiling with 13 other companies, limiting individual revenue potential
- Subcontractor role may result in lower profit margins compared to prime contractor position
Insights
The $2.4 billion shared IDIQ contract with the FAA represents a significant opportunity for BigBear.ai, albeit as a subcontractor. While the exact revenue potential for BigBear.ai isn't specified, being part of a major government contract can provide steady, long-term income and enhance the company's reputation in the federal sector. The 10-year duration of the contract offers stability and potential for recurring revenue. However, investors should note that as one of many subcontractors, BigBear.ai's slice of the pie may be The contract's focus on IT solutions and emerging technologies aligns well with BigBear.ai's core competencies in AI and emerging tech, potentially positioning them for growth in the federal aviation sector.
BigBear.ai's involvement in this FAA contract signifies its growing importance in the government IT modernization efforts. The company's expertise in AI and emerging technologies could be important in developing
This contract win could positively impact BigBear.ai's market position. Being associated with a high-profile federal agency like the FAA can enhance the company's credibility and potentially lead to more government contracts. The IT solutions market in the federal sector is robust and this foothold could help BigBear.ai expand its presence. However, investors should consider that the company is one of many subcontractors, which may limit its visibility and direct benefits. The stock market might react positively to this news, but the long-term impact will depend on BigBear.ai's ability to leverage this opportunity for future growth and secure a larger share of similar contracts.
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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