Business Description

BigBear.ai Holdings, Inc.’s (“BigBear.ai” or the “Company”) is a specialized provider of mission-ready artificial intelligence (“AI”) technology, founded originally to serve defense and national security mission customers. Our objective is to deliver enduring strategic advantage for the U.S., its allies, and select commercial partners. We unite cutting-edge technology capabilities - from artificial intelligence to computer vision, predictive analytics and biometrics. National security, travel and trade are our core industries. Each area is highly specialized and requires deep domain expertise. They are also interdependent. Strengthening national security enables commerce and provides the baseline of trust necessary for nations to build prosperity. In turn, enhanced national security depends on the ability to move people and goods through the global economy and across borders with speed, precision and efficiency, which facilitates tens of trillions of dollars of annual trade. BigBear.ai operates where these vectors converge. We advance each of these systems by developing and deploying advanced technology and human expertise. In doing so, we both enable systems of commerce to operate faster and more effectively, and we reduce the risk that bad actors succeed in their tireless efforts to attack and destabilize societies and the economies on which we all depend. To that end, BigBear.ai opposes the forces that would harm the U.S. and its allies, and partners closely with governments and businesses who embrace their role in building prosperous, safer societies and international stability. Customer Context There is an urgent need for greater security in a volatile world and for greater transparency in how people and goods move. These trends have collided with historic demand for game-changing technology and pressure on governments and businesses all over the world to transform at breakneck pace, recognizing that never in the history of humankind has a technology as powerful as AI emerged and spread through industries and our lives as rapidly as AI will. BigBear.ai is positioned to help our customers win in this context. The majority of our employees are security-cleared and many operate alongside their customers daily, we have deep trusting relationships with unique and discerning customers in the U.S. government, and with select commercial partners, putting us in the ideal position to deliver custom-designed AI solutions for the pressing, complex problems of today. Policy and political landscapes are relevant. In January 2026, The U.S. government published its AI Acceleration Strategy. This marks a decisive pivot toward state-driven technological dominance, prioritizing rapid military deployment and federal preemption over regional regulation. The administration aims to create a unified national "Frontier", prioritizing innovation over state ethics mandates. This wartime footing is designed to ensure the U.S. maintains a lead in the global AI race, treating computational power and algorithmic speed as national capital. The government’s AI Acceleration strategy is anchored by Pace-Setting Projects (PSPs), a series of high-velocity initiatives intended to bridge the gap between commercial breakthroughs and battlefield application. By mandating "AI Model Parity," the government intends to fast-follow private sector speed, ensuring that every branch of the Joint Force has immediate access to the same frontier models. The strategy includes a significant legal and physical infrastructure overhaul, aiming to cement a permanent American "AI Technology Stack" that is both ideologically neutral and strategically unassailable. Similarly, businesses across broad industries are reviewing and reimagining how technology can help them win – from the products and services they sell to how they operate. BigBear.ai works with a number of these commercial partners to enhance their capabilities. This can range from providing greater supply chain transparency to optimizing processes and technical workflows. National Security Capabilities Generative AI for Defense & Intelligence On December 31st, 2025, BigBear.ai announced that it had completed the acquisition of Ask Sage, a platform-agnostic generative AI solution designed specifically to serve defense and intelligence customers.…