BigBear.ai Awarded GSA OASIS+ IDIQ Contract for Federal Civilian and Defense Agencies
December 19 2024 - 8:05AM
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.
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