Contract AwardsBigBear announced that it was awarded a $165 million, 5-year contract for the U.S. Army Global Force Information Management Production Services.
Financial PerformanceThe company meaningfully de-levered its balance sheet through a series of corporate actions, including warrant conversion and an exchange of outstanding convertible notes.
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.