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Bridger Aerospace Group Holdings, Inc. (symbol: BAER) is a pioneering company in the field of aerial firefighting and wildfire management. The company offers cutting-edge aerial wildfire surveillance, relief, and suppression services using next-generation technology and sustainable firefighting methods. Bridger Aerospace works closely with federal and state government agencies, including the United States Forest Service, to provide crucial support in battling wildfires across the nation.
The company’s operations are divided into two main offerings:
- Fire Suppression: This involves the deployment of specialized Viking CL-415EAF 'Super Scooper' aircraft, capable of dropping large volumes of water rapidly and directly onto wildfires.
- Aerial Surveillance: Bridger Aerospace provides manned aircraft for real-time aerial surveillance to assist in fire suppression efforts.
Bridger Aerospace is continuously expanding its capabilities and fleet to meet the increasing demand for aerial firefighting services. Recent achievements include the acquisition of additional Super Scoopers and the anticipation of record growth due to early seasonal deployments. The company's commitment to innovation and environmental sustainability makes it a key player in the industry.
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Bridger Aerospace Group Holdings, Inc. deploys Pilatus PC-12 Multi-Mission Aircraft to Oklahoma for early-season wildfires, showcasing their advanced aerial intelligence capabilities. The company operates under significant contracts with the Department of the Interior and Bureau of Indian Affairs, utilizing proprietary data platforms and cutting-edge sensor technology to support wildland firefighters.
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Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER, BAERW) has entered into a joint venture partnership with Marathon Asset Management L.P. and Avenue Capital’s Sustainable Solutions Fund to purchase four Canadair CL-215T Amphibious Aircraft from the Government of Spain for €40.3 million. The partnership aims to expand Bridger's operations to the European Union, positioning them to operate the largest privately owned Scooper Fleet in the world. Marathon's investment in Bridger marks their second investment into the company, following the inaugural bond issue in July 2022. The agreement allows Bridger to oversee the refurbishment of the aircraft, acquire them sequentially, and have the initial two Scoopers operational by Summer 2024 in the EU.
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Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER, BAERW) announced a joint venture partnership to purchase four Canadair CL-215T Amphibious Aircraft from the Government of Spain for €40.3 million. The partnership, including Marathon Asset Management LP, Avenue Sustainable Solutions Fund, and Bridger, aims to operate the largest privately owned scooper fleet in the world, expanding customer base and revenue. Bridger plans to acquire the aircraft sequentially, with the first two ready for operations in the Summer of 2024 in the European Union.
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Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER, BAERW) reported record results for Q3 2023, achieving $53.6 million in revenue, $17.5 million in net income, and $38.7 million in Adjusted EBITDA. They also updated 2024 revenue and EBITDA estimates, highlighted by the acquisition of four Spanish Super Scoopers, and discussed the impact of the 2023 North American wildfire season on their business outlook.
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Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER, BAERW) to Release Q3 2023 Financial Results and Conduct Investor Conference Call on November 13, 2023. Also, Management to Participate in Wolfe Research 1st Annual Small and Mid-Cap Conference on December 6 and 7 in New York.
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Bridger Aerospace Group Holdings has terminated its proposed public offering of shares due to unfavorable market conditions.
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Bridger Aerospace Group Holdings, Inc. announces a proposed underwritten public offering of $70 million of its common stock
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Bridger Aerospace successfully bids to purchase four Canadair CL-215T Amphibious Aircraft from the Spanish Ministry for Ecological Transition and Demographic Challenge, increasing their Scooper fleet to 10. Bridger's total wildfire fighting fleet will consist of 32 planes with the anticipated closing of the acquisition of Bighorn Airways, Inc. The purchase price is €40 million. This strategic purchase positions Bridger as a leader in the global firefighting market.
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Bridger Aerospace acquires Ignis Technologies for $3 million with potential earn-out of up to $9.0 million in restricted shares. Ignis enhances Bridger's fire intelligence assets and supports their mission to equip firefighters with critical technology. Ignis to receive additional $3 million in restricted shares upon achieving operational metrics by Dec 2024 and $2 million in restricted shares annually from 2024-2026 upon successful software integration with FireTrac.
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Bridger Aerospace affirms guidance for 2023 due to the rapid acceleration of the North American wildfire season. The company reported revenue of $11.6 million for Q2 2023, down 9% from the previous year. Adjusted EBITDA was $1.0 million. Bridger anticipates a long and aggressive fire season, which combined with cost savings initiatives, is expected to make 2023 a record year for the company.
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FAQ
What is the current stock price of Bridger Aerospace Group Holdings (BAER)?
The current stock price of Bridger Aerospace Group Holdings (BAER) is $2.82 as of January 29, 2025.
What is the market cap of Bridger Aerospace Group Holdings (BAER)?
The market cap of Bridger Aerospace Group Holdings (BAER) is approximately 149.6M.
What services does Bridger Aerospace Group Holdings, Inc. provide?
Bridger Aerospace offers aerial wildfire surveillance, relief, and suppression services using advanced technology and sustainable methods.
Who are the primary clients of Bridger Aerospace?
The company's primary clients include federal and state government agencies, such as the United States Forest Service.
What are the main operational divisions of Bridger Aerospace?
The main operational divisions are Fire Suppression using Viking CL-415EAF 'Super Scooper' aircraft, and Aerial Surveillance via manned aircraft.
What recent achievements has Bridger Aerospace accomplished?
Recent achievements include the acquisition of additional Super Scoopers and early seasonal deployments positioning the company for record growth.
How does Bridger Aerospace contribute to environmental sustainability?
The company uses environmentally friendly and sustainable firefighting methods to manage wildfires effectively.
What kind of aircraft does Bridger Aerospace use for fire suppression?
For fire suppression, Bridger Aerospace uses specialized Viking CL-415EAF 'Super Scooper' aircraft.
How does Bridger Aerospace support wildfire management?
Bridger Aerospace supports wildfire management through aerial surveillance and direct fire suppression efforts using advanced aircraft.
What is the significance of Bridger Aerospace’s early seasonal deployments?
Early seasonal deployments have positioned the company for record growth by enabling it to respond quickly and effectively to wildfires.
Who can I contact for investor relations at Bridger Aerospace?
For investor relations, you can contact Alison Ziegler at Darrow Associates via phone at 201-220-2678 or email at aziegler@darrowir.com.
What is Bridger Aerospace's ticker symbol on the stock market?
Bridger Aerospace's ticker symbol is BAER.
Bridger Aerospace Group Holdings, Inc.
Nasdaq:BAER
BAER Rankings
BAER Stock Data
149.55M
25.96M
52.28%
28.66%
3.2%
Security & Protection Services
Services-business Services, Nec
United States of America
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