Market Overview

BigBear More Than Doubles Growth in Defense Market, Opens New Office in Virginia and Expands Other Locations Across US

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BigBear
Inc.
, a leading provider of cloud-based
big data analytics solutions for government and commercial customers,
today announced it achieved more than 220 percent revenue growth last
year and is on track to gain another 50 percent boost to revenue by the
end of this year. As a result of this success, the company has expanded
its commercial real estate footprint by 8,000 square feet, a 300 percent
increase in its presence across the U.S., by opening a new office in
Reston, Virginia, and expanding its office locations in Charlottesville,
Virginia, and San Diego, California.

"We're excited about our new office location in the Washington, D.C.
area as well as the progress our work has made serving our nation's most
critical defense missions," said Frank
Porcelli, CEO of BigBear
. "By having our senior technology experts
and engineers located near our customers, it enables the kind of close
collaboration that is required to provide the high-level
mission-critical support we deliver. We look forward to continuing to
bring the incredible cost savings and productivity-enhancing benefits of
our platform and expert team to more customers throughout the defense
and intelligence communities."

In Virginia, BigBear has established a three-year lease for its new
2,600-square-foot office at 12007 Sunrise Valley Drive, Suite 460, in
Reston, and expanded its office location at 1001 Research Park Blvd.,
Suite 420, in Charlottesville, to 3,700 square feet. The company is
maintaining its headquarters office at 4655 Executive Drive, Suite 200,
in San Diego, California, where it has also expanded its space to now
occupy 5,500 square feet. Growth in these locations is enabling the
company, its executives and technical teams to gain closer collaboration
with customers within the Department of Defense in the areas of big
data, machine learning and data science.

BigBear combines comprehensive technology services with its BigBear
Platform
to create entirely private, secure cloud environments in a
unique manner that helps organizations enable big data computing,
machine learning and improved decision-making while better managing
risk. It specializes in helping customers make sense of their data by
delivering some of the fastest, most cost effective, customized data
analytics solutions available today.

To learn more about BigBear, visit http://bigbear.io/.

About BigBear

BigBear Inc. is a leading provider of cloud-based, big data and
analytics solutions for government and commercial customers. Our mission
is to help people make sense of big data. Our team of technology experts
delivers some of the fastest, most cost-effective, customized data
analytics solutions available today. We specialize in big data computing
and analytics, cloud computing, artificial intelligence, machine
learning, geospatial information systems, biotech and life sciences,
data mining and systems engineering. To learn more about BigBear, visit http://bigbear.io/.

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