Company Announcements

COLUMBIA, Md.--(BUSINESS WIRE)--Oct. 31, 2024-- BigBear.ai (NYSE:BBAI), a premier technology provider of AI for defense and national security, today announced its participation in the U.S. Navy’s Mission Autonomy Proving Ground (MAPG) series of exercises in the second half of 2024, providing maritime domain awareness and AI orchestration. In collaboration with the U.S. Navy, BigBear.ai is showcasing ConductorOS, the company’s AI, data and sensor orchestration platform to demonstrate multi-vendor interoperability and AI deployment for the maritime domain.

MAPG is the Navy’s play in the Pentagon-wide Joint All-Domain Command and Control (JADC2) initiative, which seeks to unite sensors, AI models, and hardware from across the military into one network, using artificial intelligence to enhance the efficacy of missions. The overall goal of MAPG is to advance cutting-edge capabilities to be used in the U.S. Navy and DoD-wide systems for counter near-peer adversary threats as rapidly as possible.

The MAPG exercises provide a proving ground for industry partners to demonstrate their capabilities, enabling the government to assess their performance at a series of field exercises with real-world, scaled battlespace operations. Proven capabilities can then be integrated into the fleet at echelon and scale.

BigBear.ai’s participation with ConductorOS aims to showcase expertise in deployment of AI algorithms in real-time using edge-deployed route forecasting for adversary vessels (both manned and unmanned), as well as third party vendor algorithms.

“BigBear.ai is honored to participate in the U.S. Navy’s MAPG, as this event is a pivotal moment to demonstrate the power of AI orchestration for interoperability in maritime domains at the edge,” said Robert Wedertz, Senior Vice President, Federal at BigBear.ai. “Our real-time route forecasting for adversarial vessels provides the Navy with a critical advantage, and by unifying sensors, drones, and AI models in action across the domain, we're paving the way for a battlefield of seamless technological collaboration.”

To learn more about BigBear.ai’s AI orchestration capability, as well as their maritime domain awareness algorithm suite, visit https://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, YouTube: @BigBearai, 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 Indefinite Delivery/Indefinite Quantity 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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Source: BigBear.ai