BigBear.ai Awarded Prime IDIQ Contract for U.S. Department of Navy's SeaPort Next Generation (NxG)

Rhea-AI Summary

BigBear.ai (NYSE: BBAI) has secured a prime Indefinite Delivery/Indefinite Quantity (IDIQ) contract under the U.S. Department of Navy's SeaPort Next Generation (SeaPort NxG) program. This multiple-award contract positions BigBear.ai to provide technical, engineering, and professional services to the U.S. Navy and other federal agencies.

The company will deliver systems engineering, process engineering, and specialized technology solutions through this contract. BigBear.ai's involvement includes developing AI for advanced autonomous surface vessels (ASV), computer vision for maritime situational awareness, and AI-powered digital twins and asset management for shipbuilding.

Positive

• Secured prime IDIQ contract with U.S. Navy's SeaPort NxG program
• Expands access to federal contracting opportunities
• Builds upon existing naval initiatives in AI and autonomous systems

Negative

• None.

Insights

Defense Technology & Government Contracts Analyst

The SeaPort NxG award marks a strategic milestone for BigBear.ai in the defense contracting landscape. This IDIQ vehicle, with its $5 billion annual spending capacity across all contractors, serves as the Navy's primary mechanism for procuring professional and engineering services. While being named a prime contractor doesn't guarantee immediate revenue, it removes a critical barrier to competing for high-value task orders.

What makes this particularly significant is BBAI's positioning at the intersection of two key trends: the Navy's increasing investment in AI capabilities and the broader Pentagon push for technological modernization. The company's existing portfolio in autonomous surface vessels and digital twins demonstrates the exact capabilities the Navy seeks to scale. Their AI-powered decision intelligence platforms align perfectly with the Navy's needs in areas like predictive maintenance, supply chain optimization and maritime domain awareness.

The timing is particularly advantageous given the Navy's recent emphasis on distributed maritime operations and the need for AI-enabled systems. While the IDIQ is highly competitive with numerous awardees, BBAI's specialized AI expertise in maritime applications provides a distinctive edge in task order competitions. The contract vehicle's 10-year duration also offers long-term stability and growth potential for BBAI's federal business segment.

MCLEAN, Va.--(BUSINESS WIRE)-- BigBear.ai (NYSE: BBAI), a leader in AI-powered decision intelligence for defense and national security, has been awarded a prime Indefinite Delivery/Indefinite Quantity (IDIQ) contract under the U.S. Department of Navy’s SeaPort Next Generation (SeaPort NxG) program.

SeaPort NxG serves as the premier contracting platform for the U.S. Navy, streamlining the procurement process for technical, engineering, and professional services. This multiple-award prime IDIQ contract enables BigBear.ai to provide innovative technologies and mission-critical support to the U.S. Navy and other federal agencies.

“BigBear.ai is proud to build AI-powered solutions for the U.S. Department of Defense and federal agencies,” said Kevin McAleenan, CEO of BigBear.ai. “This award reflects our continued dedication to our Nation’s defense efforts, and we are honored to contribute our capabilities to the critical missions of the U.S. Navy.”

BigBear.ai will be in a position to provide systems engineering, process engineering, and specialized technology solutions under the SeaPort NxG contract, reinforcing its reputation as a stalwart industry partner of the defense community, and demonstrating its ability to meet the U.S. Navy's evolving mission requirements.

BigBear.ai’s expansion in this domain builds upon previous and ongoing naval initiatives, including (but not limited to) the development of AI for advanced autonomous surface vessels (ASV), computer vision for maritime situational awareness, and AI-powered digital twins and asset management for shipbuilding.

To learn more about SeaPort NxG, visit https://www.navsea.navy.mil/Business-Partnerships/SeaPort-NxG/.

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. 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. To receive email communications from BigBear.ai, register here.

Forward-Looking Statements

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FAQ

What is the significance of BBAI's SeaPort NxG contract award?

The SeaPort NxG contract is significant as it enables BigBear.ai to provide technical, engineering, and professional services to the U.S. Navy and other federal agencies, expanding their presence in defense contracting.

What types of services will BBAI provide under the SeaPort NxG contract?

Under the contract, BBAI will provide systems engineering, process engineering, and specialized technology solutions, including AI for autonomous surface vessels, computer vision, and AI-powered digital twins for shipbuilding.

How does the SeaPort NxG contract align with BBAI's existing naval projects?

The contract builds upon BBAI's existing naval initiatives, including AI development for autonomous surface vessels, maritime situational awareness, and shipbuilding asset management.

What is the contract type awarded to BBAI by the U.S. Navy?

BBAI was awarded a prime Indefinite Delivery/Indefinite Quantity (IDIQ) contract, which is a multiple-award contract under the SeaPort Next Generation program.