Company Announcements

MCLEAN, Va.--(BUSINESS WIRE)--Aug. 15, 2025-- BigBear.ai (NYSE: BBAI), a leading provider of mission-ready AI for national security, today announced the launch of a next-generation cargo security management solution in partnership with Narval Holding Corp., through Narval’s subsidiary International Shipping Compliance, S.A. (ISC), in Panama. Designed to protect the global supply chain, advance transparency, and counter illicit trafficking, the initiative will begin in Panama with planned expansion across the region and worldwide in key international corridors.

“Securing the global supply chain requires innovation, trust, and the ability to verify each handoff along the way,” said Kevin McAleenan, CEO of BigBear.ai. “By partnering with Narval Holding Corp. in Panama – a critical gateway for global trade – we will deliver an AI-driven solution to strengthen cargo security today, while laying the foundation for broader regional adoption and collaborations with the international shipping lines,” he continued.

Panama’s unique position as a hub linking the Pacific and Atlantic Oceans via the Panama Canal makes it an ideal launch point for innovation in supply chain security. The BigBear.ai-developed en route cargo chain-of-custody application uses biometric verification to link drivers and transport vehicles to a cargo container and its corresponding security seal, helping ensure full accountability of the cargo contents from origin to destination.

“The Panama Canal is one of the most important arteries of global trade, and protecting the integrity of cargo that moves through our ports is essential to economic stability and national security,” said Mario E. Pérez Balladares, Chairman of Narval Holding Corp. “Our collaboration with BigBear.ai will set a new global standard for cargo security—one that combines advanced AI, biometrics, and real-time monitoring to give governments, operators, and shipping lines unprecedented visibility and control from port to final delivery.”

The solution integrates real-time driver and tracking monitoring with a centralized management platform, presenting fleet, vehicle, and driver data in an operations center. This capability enables operators to oversee cargo flows with greater precision, detect anomalies, and generate actionable insights to help disrupt smuggling networks and other illicit activities across international shipping corridors.

To learn more about BigBear.ai’s expertise in homeland and border security, visit https://bigbear.ai/industries/homeland-and-border-security/.

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.

About The Narval Group

The Narval Group is a diversified investment and logistics holding company committed to driving sustainable, innovative ventures. Through its subsidiaries, the Group delivers world-class logistics solutions—including Tier-1 transshipment and temperature-controlled shipping—powered by advanced technology to ensure secure, efficient, and fully compliant supply chains.

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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Source: BigBear.ai