BigBear.ai Awarded GSA OASIS+ IDIQ Contract for Federal Civilian and Defense Agencies

Rhea-AI Summary

BigBear.ai (NYSE: BBAI) has secured a position on the GSA OASIS+ Unrestricted Multiple Agency Contract, a significant government-wide procurement vehicle. The IDIQ contract features no maximum dollar ceiling and a 10-year ordering period with unlimited task orders at any value. The award encompasses 75 Contract Line Item Numbers across five key domains: Management and Advisory, Technical and Engineering, Research and Development, Intelligence Services, and Logistics. This contract enables federal agencies to streamline their procurement of complex professional services and provides BigBear.ai with expanded access to federal customers.

Positive

• Secured unlimited-ceiling IDIQ contract with 10-year duration
• Access to all federal agencies through best-in-class contract vehicle
• Broad coverage with 75 CLINs across 5 key service domains
• Potential for multiple task orders without value limitations

Negative

• None.

Insights

Government Contracts Analyst

The GSA OASIS+ IDIQ contract award represents a substantial expansion of BigBear.ai's federal contracting opportunities. With no maximum dollar ceiling and a 10-year ordering period, this vehicle provides significant revenue potential and long-term stability. The contract's structure, allowing unlimited task orders at any dollar value, offers exceptional flexibility in pursuing federal business.

The award of 75 CLINs across 5 strategic domains positions BigBear.ai to compete for a wide spectrum of federal work. The company's inclusion among approximately 600 contractors in this best-in-class vehicle enhances its competitive positioning in the $150+ billion federal professional services market. However, the large number of contract holders suggests intense competition for task orders.

For investors, while this contract doesn't guarantee immediate revenue, it removes barriers to federal business development and provides a streamlined path to capture opportunities across civilian and defense agencies. The broad scope covering management, technical, research, intelligence and logistics services aligns well with federal AI and digital transformation initiatives, potentially accelerating BigBear.ai's market penetration.

AI Industry Analyst

This contract vehicle strategically positions BigBear.ai at the intersection of federal digital transformation and AI adoption initiatives. The inclusion of both technical/engineering and intelligence services domains is particularly noteworthy, as it enables BigBear.ai to leverage its AI-powered decision intelligence capabilities across multiple federal use cases.

The timing is optimal, coinciding with increased federal investment in AI technologies and growing emphasis on AI integration in national security and defense operations. The research and development domain access is especially valuable, potentially allowing BigBear.ai to influence emerging federal AI standards and applications while developing new capabilities with direct customer feedback.

Think of this as gaining a "fast pass" at a theme park - while it doesn't guarantee rides, it significantly reduces wait times and increases access to opportunities. The contract's 10-year duration provides a stable foundation for long-term AI innovation and deployment strategies in the federal sector.

COLUMBIA, Md.--(BUSINESS WIRE)-- BigBear.ai (NYSE: BBAI), 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).

OASIS+ is a best-in-class, government-wide suite of contracts designed to streamline the procurement of complex professional services across all federal agencies. This multiple-award IDIQ (Indefinite Delivery Indefinite Quantity) contract has no maximum dollar ceiling and offers a 10-year ordering period with an unlimited number of task orders at any dollar value, providing government customers with flexible and efficient access to BigBear.ai solutions.

“We are honored to be selected for GSA OASIS+,” said Mandy Long, CEO of BigBear.ai. “This milestone underscores our proven track record of delivering innovative solutions that merge deep expertise with cutting-edge technology. Through OASIS+, we look forward to expanding our reach and impact across critical federal missions while strengthening our partnerships with existing customers.”

BigBear.ai’s award includes 75 Contract Line Item Numbers (CLINs) across 5 key domains, demonstrating the company’s breadth of capabilities and strategic alignment with federal priorities. BigBear.ai’s awarded domains are:

• Management and Advisory
• Technical and Engineering
• Research and Development
• Intelligence Services
• Logistics

By securing a GSA OASIS+ master contract, BigBear.ai joins a group of almost 600 companies trusted to deliver complex and integrated professional and technical services. For additional information about using the GSA OASIS+ contract vehicle, visit https://www.gsa.gov/oasis-plus/ or contact BigBear.ai at info@bigbear.ai.

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 Columbia, Maryland, BigBear.ai is a public company traded on the NYSE under the symbol BBAI. For more information, visit https://bigbear.ai and follow BigBear.ai on LinkedIn: @BigBear.ai, and X: @BigBearai. To receive email communications from BigBear.ai, register here.

Forward-Looking Statements

This press release contains “forward-looking statements.” 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 “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” 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’s 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 “sequestration” 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 multiple award Indefinite Delivery Indefinite Quantity (IDIQ) 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’s reports and other documents filed with the SEC, including under the heading “Risk Factors.” 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’s filings with the SEC, including the Company’s 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’s web site at http://www.sec.gov. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241219498598/en/

General/Sales: info@bigbear.ai

Investors: investors@bigbear.ai

Media: media@bigbear.ai

Source: BigBear.ai

FAQ

What is the duration and ceiling value of BBAI's new GSA OASIS+ contract?

The contract has a 10-year ordering period with no maximum dollar ceiling and allows for unlimited task orders at any dollar value.

What are the 5 domains covered in BBAI's GSA OASIS+ contract?

The contract covers Management and Advisory, Technical and Engineering, Research and Development, Intelligence Services, and Logistics domains.

How many Contract Line Item Numbers (CLINs) were awarded to BBAI in the OASIS+ contract?

BigBear.ai was awarded 75 Contract Line Item Numbers (CLINs) across the five key domains.

What type of federal agencies can use BBAI's OASIS+ contract vehicle?

All federal civilian and defense agencies can access BigBear.ai's services through the OASIS+ contract vehicle.