MCLEAN, Va.–(BUSINESS WIRE)–BigBear.ai (NYSE: BBAI), a leading provider of mission-ready AI for national security and complex enterprise environments, today announced a new partnership with the Kraft Group, the holding company for the Kraft family’s diverse family of businesses, including global operations across sports, paper and packaging manufacturing, and distribution of forest products.
The partnership between BigBear.ai and the Kraft Group is the result of shared vision between the organizations for efficiency through advanced technologies. As part of the partnership, BigBear.ai has entered into an agreement with the Kraft Group’s International Forest Products LLC (IFP) to strengthen supply chain transparency. This work is focused on enhancing IFP’s visibility into global supply chains and identifying where AI-enabled insights can improve operational performance and commercial decision-making. IFP is a global leader and North America’s largest physical trader of forest products commodities.
In addition, BigBear.ai has entered into a marketing partnership as an Official Sponsor of the New England Patriots.
“This partnership with the Kraft Group is about turning advanced AI into real-world operational advantage, both on the field and across the business,” said Carl Napoletano, Chief Operating Officer of BigBear.ai. “High-performance organizations require more than cutting-edge technology — they require clarity in how technology is applied. Our work with the Kraft Group is focused on assessing complex operational environments and identifying where AI and advanced analytics can be thoughtfully integrated to support faster, more informed decision-making over time.”
“We’re taking a deliberate approach to understanding how emerging technologies could enhance our operations over time,” said Michael Israel, Chief Information Officer of the Kraft Group. “Working with BigBear.ai during this assessment phase will give us deeper insight into our current state and help shape how we think about potential technology initiatives.”
About BigBear.ai
BigBear.ai is a leading provider of mission-ready AI solutions and services for defense, national security, and critical infrastructure. Customers and partners rely on BigBear.ai’s artificial intelligence and predictive analytics capabilities in highly complex, distributed, mission-based operating environments. Headquartered in McLean, Virginia, BigBear.ai is a public company traded on the NYSE under the symbol BBAI. For more information, visit https://bigbear.ai and follow BigBear.ai on LinkedIn: @BigBear.ai and X: @BigBearai. To receive email communications from BigBear.ai, register here.
Forward-Looking Statements
This press release contains “forward-looking statements.” Such statements include, but are not limited to, statements regarding the intended use of proceeds from the private placement and may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; risks related to the uncertainty of the projected financial information (including on a segment reporting basis); risks related to delays caused by factors outside of our control, including changes in fiscal or contracting policies or decreases in available government funding; changes in government programs or applicable requirements; budgetary constraints, including automatic reductions as a result of “sequestration” or similar measures and constraints imposed by any lapses in appropriations for the federal government or certain of its departments and agencies; influence by, or competition from, third parties with respect to pending, new, or existing contracts with government customers; our ability to successfully compete for and receive task orders and generate revenue under Indefinite Delivery/Indefinite Quantity contracts; potential delays or changes in the government appropriations or procurement processes, including as a result of events such as war, incidents of terrorism, natural disasters, and public health concerns or epidemics; and increased or unexpected costs or unanticipated delays caused by other factors outside of our control, such as performance failures of our subcontractors; risks related to the rollout of the business and the timing of expected business milestones; the effects of competition on our future business; our ability to issue equity or equity-linked securities in the future, and those factors discussed in the Company’s reports and other documents filed with the SEC, including under the heading “Risk Factors.” More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the SEC, including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise, except as required by law.
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