Bridger Aerospace Awarded Exclusive-Use Contract by State of Montana for Innovative Wildfire Detection Aircraft
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 10 2025
0mins
Should l Buy BAER?
Source: Newsfilter
Contract Award: Bridger Aerospace has been awarded an exclusive-use contract by the State of Montana for wildfire detection and mapping using a modified Daher Kodiak 100 aircraft, with an initial term of one year valued at $648,000.
Operational Capabilities: The modification includes advanced sensor systems to enhance wildfire response efforts, marking the first joint contract award since Bridger's acquisition of FMS Aerospace in 2024, enabling rapid identification and mapping of wildfire hotspots.
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Analyst Views on BAER
Wall Street analysts forecast BAER stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.720
Low
5.25
Averages
5.25
High
5.25
Current: 1.720
Low
5.25
Averages
5.25
High
5.25
About BAER
Bridger Aerospace Group Holdings, Inc. is an aerial firefighting company providing 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. It provides various services using technology and environmentally friendly and sustainable firefighting methods throughout the United States. Its portfolio is organized across three core offerings: Fire Suppression, Aerial Surveillance, and Maintenance, Repair and Overhaul (MRO). Fire Suppression consists of deploying specialized Super Scooper aircraft to drop large amounts of water quickly and directly on wildfires. Aerial Surveillance consists of providing aerial surveillance for fire suppression aircraft over an incident and providing tactical coordination with the incident commander. MRO consists of maintenance and repair services for return-to-service upgrades of certain Canadair CL-215T Amphibious aircraft.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Extensive Legal Background: Mogford brings over a decade of public company legal experience from Bristow Group, where he was involved in strategic initiatives including mergers and acquisitions, which is expected to add significant value to Bridger's legal and governance functions.
- Strategic Growth Focus: CEO Sam Davis highlighted that Mogford's expertise will be crucial in driving operational excellence and financial discipline to meet the rising demand for year-round aerial firefighting services from federal and state customers.
- Support for Transition: James Muchmore will assist in ensuring a smooth transition for Mogford, reflecting the company's high regard for his contributions during its early growth stages and laying a solid foundation for future expansion.
See More
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- Management Team Enhancement: This appointment is part of efforts to further strengthen the management team at Bridger Aerospace.
See More
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- Optimistic Growth Outlook: Management projects 2026 revenues between $135 million and $145 million, with adjusted EBITDA of $55 million to $60 million, indicating that the introduction of new Spanish scoopers and multi-mission aircraft will drive over 25% growth in the coming year.
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See More
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- 2026 Guidance: Bridger Aerospace projects revenue between $135 million and $145 million for 2026, with a potential growth rate of 29% when excluding non-recurring return-to-service work on Spanish Scoopers in 2025, highlighting future growth opportunities.
- Adjusted EBITDA: The anticipated adjusted EBITDA range of $55 million to $60 million represents a 27% growth at the midpoint, indicating improvements in cost management and operational efficiency that could enhance profitability going forward.
See More
