Welcome to our dedicated page for Bridger Aerospace Group Holdings news (Ticker: BAER), a resource for investors and traders seeking the latest updates and insights on Bridger Aerospace Group Holdings stock.
Bridger Aerospace Group Holdings, Inc. (BAER) specializes in aerial firefighting and wildfire management services for government agencies. This page provides investors and stakeholders with timely updates on the company’s operational milestones, financial performance, and strategic initiatives.
Key resources include press releases on new contracts, quarterly earnings reports, and advancements in firefighting technology. Users will find updates on BAER’s fire suppression aircraft deployments, surveillance partnerships, and sustainability efforts.
This centralized hub eliminates the need to track multiple sources, offering verified information directly from corporate communications. Regular updates ensure awareness of BAER’s role in addressing wildfire emergencies and evolving industry standards.
Bookmark this page to stay informed on critical developments affecting BAER’s market position and service capabilities. Check back frequently for real-time updates during peak wildfire seasons and fiscal reporting periods.
Bridger Aerospace (NASDAQ: BAER) has entered into a Memorandum of Understanding with Positive Aviation to become the exclusive North American launch customer for the FF72 aircraft, an advanced water-scooping firefighting aircraft derived from ATR 72-600.
The partnership, announced at AFFE25 in Bordeaux, France, grants Bridger exclusive rights as the North American hub for FF72's sales, marketing, support, modifications, certification, and training. The agreement includes an opportunity to purchase ten FF72 aircraft with an option for ten additional units, with deliveries expected to begin for the 2029 fire year.
This strategic expansion will complement Bridger's existing CL-415 EAF Super Scoopers fleet, enhancing their aerial firefighting capabilities with new technology to address the growing year-round wildfire challenges.
Bridger Aerospace (NASDAQ: BAER) has deployed aircraft to support wildfire efforts in Oklahoma and New Mexico. Two CL-415EAF 'Super Scooper' aircraft and a Multi-Mission Aircraft (MMA) were deployed to Oklahoma on March 11th to assist ground crews in protecting communities and infrastructure.
A second MMA was dispatched to New Mexico over the weekend for contract operations. The first MMA has been stationed in Oklahoma since mid-February under a Bureau of Indian Affairs contract. The aircraft provide critical surveillance and real-time infrared imagery to enhance wildfire response effectiveness across the regions.
The deployment comes as Oklahoma faces devastating fires that have resulted in fatalities, injuries, and destruction of hundreds of homes, ranches, and properties.
Bridger Aerospace (NASDAQ: BAER) has appointed Sam Davis as permanent President and Chief Executive Officer, effective March 17, 2025. Davis, 41, who has been serving as interim CEO since July 2024, replaces Timothy P. Sheehy who resigned to pursue a U.S. Senate campaign in Montana.
Davis joined Bridger in 2019 as Controller and later served as Chief of Staff before his interim CEO role. Under his interim leadership, the company achieved notable milestones including strong top-line growth, increased Adjusted EBITDA, and positive cash flow. His background includes positions at Oracle, Meltwater, and Natus Medical, complemented by an MBA from San Jose State University.
The company continues to respond to year-round wildfire threats, with recent operations in Los Angeles and Oklahoma, focusing on protecting lives, property, and the environment.
Bridger Aerospace (NASDAQ: BAER) reported record results for Q4 and full-year 2024. The aerial firefighting company achieved record revenue of $98.6 million for 2024, up 48% from 2023, with Q4 revenue of $15.6 million.
Key highlights include:
- 80% improvement in net loss to $15.6 million in 2024
- Doubled Adjusted EBITDA to $37.3 million in 2024
- Operating cash flow of $9.4 million with year-end cash position of $39.3 million
- Secured five-year $20.1 million contract with U.S. Department of Interior for Alaska
For 2025, Bridger projects revenue between $105-111 million (9% growth) and Adjusted EBITDA of $42-48 million (20% growth). The company noted extended deployment of Super Scoopers into November 2024 and early January 2025 deployments, indicating a trend toward year-round wildfire activity.
Bridger Aerospace (NASDAQ: BAER), a leading aerial firefighting company, has scheduled its Q4 2024 earnings release for March 13, 2025, after market close. The company will host an investor conference call at 5:00 p.m. Eastern Time (3:00 p.m. Mountain Time) on the same day.
Investors can join the conference call by dialing 800-579-2543 or 785-424-1789. The call will be broadcast live on the company's Investor Relations website. An audio replay will be available through March 20, 2025, accessible via phone (844-512-2921 or 412-317-6671, passcode: 11158317) or through the company's IR website.
Bridger Aerospace (NASDAQ: BAER), a leading aerial firefighting company, has announced its participation in two major investor conferences. The company will first join the Canaccord Genuity Sustainability Forum virtually on February 26, 2025, where management will participate in the Extreme Weather & Remote Sensing Panel at 9:30 a.m. ET and conduct one-on-one meetings.
Subsequently, Bridger will attend the 37th Annual ROTH Conference in Dana Point, California on March 17, 2025, featuring an investor presentation and one-on-one meetings. Webcasts of both presentations will be available on the company's investor relations website. Interested investors can arrange participation through Bridger Aerospace Investor Relations or their Canaccord or ROTH representatives.
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.
Bridger Aerospace (NASDAQ: BAER) has mobilized its CL-415EAF "Super Scooper" aircraft to California for firefighting assistance, marking the earliest seasonal Scooper deployment in company history. The deployment comes in response to a Task Order from the US Forest Service at California's request, as the state faces unprecedented early-year fires.
Interim CEO Sam Davis highlighted the team's record-time mobilization following winter maintenance completion, with the first Scooper arriving in California over the weekend. Super Scoopers are noted for their efficiency in water delivery, helping to enhance firefighting effectiveness, protect property and habitat, and save lives.
Bridger Aerospace (NASDAQ: BAER) announced that its founder and former CEO, Timothy P. Sheehy, has been sworn in as U.S. Senator for Montana. Sheehy, who served as a Naval SEAL Officer and received both the Bronze Star with Valor and Purple Heart, founded Bridger in 2014 and served as CEO until July 2024.
Under Sheehy's leadership, Bridger Aerospace grew from a single-plane operation to employing over 160 people, becoming one of Montana's few publicly traded companies and operating the world's largest private Super Scooper fleet for wildfire management. In his new role, Sheehy will serve on the Senate Veterans' Affairs Committee, Armed Services Committee, and Commerce, Science and Transportation Committee.
Bridger Aerospace (NASDAQ: BAER) reported record Q3 2024 results with revenue of $64.5 million, net income of $27.3 million, and Adjusted EBITDA of $47.0 million, representing year-over-year growth of 20%, 56%, and 21% respectively. The company raised its 2024 revenue guidance to $90-95 million, a 35% increase, and narrowed Adjusted EBITDA guidance to $35-40 million. Strong performance was driven by high Super Scooper fleet utilization, with operations extending into November. The company expects positive free cash flow of $5-10 million for 2024.
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