Bridger Aerospace Secures $20 Million 5-Year Contract with the U.S. Department of the Interior

Rhea-AI Summary

Bridger Aerospace (NASDAQ: BAER) has secured a $20.1 million five-year Indefinite Delivery Indefinite Quantity (IDIQ) contract with the U.S. Department of the Interior. The contract involves providing two air attack and surveillance aircraft to support fire and resource management activities for the Bureau of Land Management Alaska Fire Service.

The 120-day Exclusive Use contract will utilize Bridger's sensor, surveillance, and mapping capabilities for fire detection, logistical support, and aerial observation. The aircraft will also provide information to initial attack aircraft focused on direct fire suppression. This agreement represents a growing trend in government outsourcing of aerial firefighting services.

Positive

• Secured $20.1 million 5-year contract with U.S. Department of Interior
• 120-day Exclusive Use contract demonstrates growing government outsourcing trend
• Contract expands company's presence in federal firefighting services

Negative

• None.

BELGRADE, Mont., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Bridger Aerospace Group Holdings, Inc. (“Bridger or “Bridger Aerospace”), (NASDAQ: BAER, BAERW), one of the nation’s largest aerial firefighting companies, today announced that it has secured a five-year $20.1 million Indefinite Delivery Indefinite Quantity (IDIQ) contract with the U.S. Department of the Interior (DOI) for two air attack and surveillance aircraft in support of fire and resource management activities and other government work for the Bureau of Land Management (BLM) Alaska Fire Service.

“Our air attack and surveillance fleet is ideally suited to serve the DOI and the State of Alaska to support their fire and resource management activities, including fire detection, logistical support and aerial observation, as well as the provision of information to initial attack aircraft focused on direct and immediate fire suppression,” commented Sam Davis, Interim Chief Executive Officer of the Company. “This 120-day Exclusive Use contract is an excellent example of the trend for government outsourcing of aerial firefighting. With our leading-edge sensor, surveillance and mapping capabilities and historic contract performance, we continue to be well positioned to support our federal and state government partners in the growing battle against wildfires.”

About Bridger Aerospace

Based in Belgrade, Montana, Bridger Aerospace Group Holdings, Inc. is one of the nation’s largest aerial firefighting companies. Bridger provides aerial firefighting and wildfire management services to federal and state government agencies, including the United States Forest Service, across the nation, as well as internationally. More information about Bridger Aerospace is available at https://www.bridgeraerospace.com.

Media Contact
Prosek Partners
Pro-Bridger@prosek.com

Investor Contact
Alison Ziegler
Darrow Associates
201-220-2678
aziegler@darrowir.com

FAQ

What is the value and duration of Bridger Aerospace's (BAER) new DOI contract?

Bridger Aerospace secured a $20.1 million contract with the U.S. Department of Interior for a five-year period.

What services will Bridger Aerospace (BAER) provide under the new DOI contract?

Bridger Aerospace will provide two air attack and surveillance aircraft for fire detection, logistical support, and aerial observation services for the Bureau of Land Management Alaska Fire Service.

How long is the Exclusive Use period in Bridger Aerospace's (BAER) DOI contract?

The contract includes a 120-day Exclusive Use period.

Which specific government agency will Bridger Aerospace (BAER) support in Alaska?

Bridger Aerospace will support the Bureau of Land Management (BLM) Alaska Fire Service under the Department of Interior contract.