BigBear.ai (NYSE: BBAI), a leading provider of AI-powered decision intelligence solutions for national security, travel, and trade, today announced its invitation to participate in the Business Alliance for Secure Commerce (BASC)
Under the theme “Navigating Panama’s Maritime and Logistics Future: Security for Global Trade,” the forum intends to provide a platform for dialogue on the evolving challenges and opportunities in today’s trade ecosystem, specifically on Panama’s role in the global economy.
“BigBear.ai looks forward to contributing our expertise during discussions on port modernization, supply chain security, and the regulatory shifts shaping global commerce,” said Kevin McAleenan, CEO of BigBear.ai. “This event marks an important step in fostering cross-sector cooperation and identifying actionable strategies for a safer, more agile international trade environment.”
BigBear.ai representatives and affiliates participating in the forum include: Mr. Troy A. Miller, Former Acting Commissioner of the
The forum will be held on April 29, 2025, in
About BigBear.ai
BigBear.ai is a leading provider of AI-powered decision intelligence solutions and services for national security, defense, travel and trade, manufacturing and supply chains. Customers and partners rely on BigBear.ai’s artificial intelligence and predictive analytics capabilities in highly complex, distributed, mission-based operating environments. Headquartered in
About BASC
BASC started in 1996 as a voluntary cooperation program between the Private Sector and the United States Customs Administration known as Business Anti-Smuggling Coalition, and its purpose was solely to avoid using legal trade for smuggling and drug trafficking. The program was proposed by Mattel company as a program to avoid using Mattel merchandise and toys for drug smuggling. After 9/11 Events terrorist attacks, the management of security in global supply chains gained attention and priority in businesses as well as in government agendas. After the attacks in the year 2002-World BASC Organization –WBO was created and legally constituted in the
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
