Bridger Aerospace Group Holdings Inc Stock Price, News & Analysis

Bridger Aerospace (NASDAQ: BAER), a leading aerial firefighting company, has signed a sale leaseback agreement for its Bozeman Yellowstone International Airport campus facilities in Belgrade, Montana. The transaction, valued at $46 million, is expected to close in Q3 2025. The company will use the proceeds to reduce its outstanding debt and lower interest expenses.

Under the agreement with SR Aviation Infrastructure (SRAI), Bridger will enter a 10-year lease agreement to continue utilizing the hangar and office headquarter facilities for its aerial firefighting operations. SRAI, an affiliate of SomeraRoad, specializes in aviation-related real estate investments and currently manages properties in Las Vegas and San Antonio.

Bridger Aerospace (NASDAQ: BAER), a leading aerial firefighting company, has secured two significant 120-day task orders from the US Forest Service for four of its CL-415EAF "Super Scooper" aircraft. This marks a record duration for task orders, received early in the wildfire season. Two Super Scoopers are currently operational in Minnesota, with the start date for the next two pending. The remaining two aircraft will be available on a "call when needed" basis.

CEO Sam Davis highlighted that these orders demonstrate growing recognition of Super Scoopers' effectiveness in wildfire response and the Forest Service's increased focus on pre-positioning assets for rapid response. The longer-term orders also align with Bridger's strategy of maintaining year-round fleet availability to enhance revenue predictability.

Bridger Aerospace (NASDAQ: BAER), a leading aerial firefighting company, reported record Q1 2025 results with revenue of $15.6 million, up from $5.5 million in Q1 2024. The company's net loss improved to $15.5 million, with negative Adjusted EBITDA of $5.1 million. Bridger achieved earliest-ever Super Scooper deployment in January 2025 to California, followed by Oklahoma and North Carolina in March.

Key developments include an exclusive contract with Montana for wildfire detection using a modified Daher Kodiak 100 aircraft and a new five-year $20.1 million contract with the U.S. Department of the Interior for Alaska operations. The company maintains its 2025 guidance of $42-48 million in Adjusted EBITDA on revenue of $105-111 million. Cash position stood at $22.3 million as of March 31, 2025.

Bridger Aerospace (NASDAQ: BAER), a leading aerial firefighting company, has scheduled its Q1 2025 earnings release and conference call. The company will announce its financial results for the quarter ended March 31, 2025, on Thursday, May 8, 2025, after market close.

The investor conference call will be held the same day at 5:00 p.m. Eastern Time (3:00 p.m. Mountain Time). Investors can join via phone (800-717-1738 or 646-307-1865) or watch the live broadcast on the company's Investor Relations website. An audio replay will be available through May 15, 2025, using passcode 1128402.

Bridger Aerospace (NASDAQ: BAER), a leading aerial firefighting company, has appointed Meghan Pasricha as an independent director, maintaining the board size at 9 members. Pasricha, 39, brings extensive experience in credit and capital solutions as a Partner at Galvanize Climate Solutions.

The appointment aims to optimize Bridger's capital structure and drive long-term growth. Pasricha's background includes roles as Managing Director at Riverstone Holdings, where she spent nearly 10 years in direct lending, and previous positions at The Carlyle Group and UBS Investment Bank. She is also the Co-Founder of Women in Climate Investing & Finance (WICIF) and leads a nonprofit focused on youth leadership.

Bridger Aerospace (NASDAQ: BAER) has won an exclusive-use contract from the State of Montana for wildfire detection and mapping services using a modified Daher Kodiak 100 aircraft. The contract includes a one-year initial term with two optional extension years, guaranteeing a minimum of 120 days of availability for a minimum annual value of $648,000, with potential for additional revenue from extra days and flight hours.

The contract represents the first joint effort between Bridger and FMS Aerospace since their 2024 acquisition, utilizing their combined in-house design, engineering, and Part 145 modification capabilities. The specially modified aircraft will be equipped with advanced sensor systems and an operator workstation to provide real-time infrared imagery, wildfire hotspot identification, and precise fire perimeter mapping to support firefighting crews throughout Montana.

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.