Balance Sheet ImprovementThe company took meaningful steps during 1Q25 to improve the balance sheet, increasing cash to $107.6M and decreasing debt to approximately $142.0M.
Contract AwardsBigBear was awarded a $165 million, 5-year contract for the U.S. Army Global Force Information Management (GFIM) Production Services.
PartnershipsBigBear's partnership with L3Harris as the exclusive provider of computer vision, predictive analytics, and event alerting analytics applications for L3Harris's autonomous surface vessels remains a positive.