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BigBear.ai and Concept Solutions Team Awarded 10Yr $2.4 Billion Shared Contract With U.S. Federal Aviation Administration to Provide It Solutions and Emerging Tech
BigBear.ai (NYSE: BBAI) has been awarded a subcontractor role in a $2.4 billion shared contract with the U.S. Federal Aviation Administration (FAA).
The 10-year Information Technology Innovative Procurement Strategic Sourcing (ITIPSS) contract, led by Concept Solutions, , aims to provide a range of IT capabilities, solutions, and emerging technologies for the FAA's Office of Information Technology.
As part of a team of 12 subcontractors, BigBear.ai will support the management of information systems nationwide, focusing on administrative, financial, and security programs.
The contract will enable the FAA to enhance operational and facility management capabilities, evolve existing programs, and implement innovative solutions aligned with strategic goals, including future technology modernization efforts.
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Trytosaveabit : 240 million a year for 10 years! That’s a market cap increaser! Well should be anyways! Hehehe
Jaguar8 OP Trytosaveabit : Yes indeed. Very good federal contract
Lnova :
Jaguar8 OP Trytosaveabit : I read it and I think it is a shared contract with Concept Solutions. Still a very good contract. Might be holding this till tomorrow PM and 2 others
Trytosaveabit Jaguar8 OP : Yes! I posted at WB if it’s shared between 4 great! Between 44 well then that’s a whole different thing!
Jaguar8 OP Trytosaveabit : Yes haha true