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BigBear.ai Secures Over $225 Million in Federal Contract Awards

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BBAI$2.51 9.27%

BigBear.ai Holdings, Inc. (NYSE:BBAI) announced it has landed over $225 million in total contract awards since July across defense, intelligence, homeland security, and federal civilian agencies. The awards cover a mix of new customer wins and renewed agreements across its core focus areas of national security and trade and travel.

The company secured more than 25 generative artificial intelligence awards, adding new federal law enforcement and defense customers including the FBI and the U.S. Coast Guard, while expanding work with military organizations like U.S. Central Command and U.S. Southern Command. BigBear.ai also retained significant business supporting U.S. Customs and Border Protection through two key contract recompetes.

Investors should note that the total contract value includes unexercised option periods and contract ceilings rather than immediate guaranteed funding. As of June 30, 2026, the company reported a total backlog of approximately $270 million, of which about 29% was funded, making future federal budget allocations and option exercises critical to revenue realization.

Key points

  • BigBear.ai secured over $225 million in contract awards across defense, intelligence, and civilian federal agencies since July.
  • The wins include more than 25 generative AI awards across agencies such as the FBI, NASA, the U.S. Coast Guard, and the Department of Energy.
  • The company retained key border security work by winning two contract recompetes with U.S. Customs and Border Protection.
  • Total contract values represent potential value including unexercised options, which government agencies fund incrementally.
  • As of June 30, 2026, BigBear.ai held a total backlog of approximately $270 million, with roughly 29% funded.

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Questions and answers

How much in federal contract awards did BigBear.ai win?

BigBear.ai secured over $225 million in total contract awards since July across homeland security, defense, intelligence, and civilian government agencies.

Which government agencies selected BigBear.ai?

Customers include the FBI, NASA, the U.S. Coast Guard, the Department of Energy, the Department of Veterans Affairs, U.S. Central Command, U.S. Southern Command, and U.S. Customs and Border Protection.

What portion of BigBear.ai's contract backlog is funded?

As of June 30, 2026, BigBear.ai reported a total contract backlog of approximately $270 million, of which about 29% was funded.