Bridger Aerospace Secures $18.6 Million Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 03 2026
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Should l Buy BAER?
Bridger Aerospace announced that it has secured a five-year multiple-award Indefinite Delivery Indefinite Quantity contract for on-call fixed-wing transportation services in Alaska. "Our expanded light fixed-wing fleet is ideally suited to meet the needs of the DOI and the State of Alaska, including providing safe and reliable access to remote locations throughout Alaska whenever mission requirements demand," said Sam Davis, Chief Executive Officer of Bridger. "This award is an excellent example of our performance as a trusted partner to our state and federal customers and is expected to increase utilization of our fleet. We stand ready to serve our mission to protect lives, property, and the environment no matter when the call comes in." The contract effective start date is April 1, 2026 and runs through March 2031. The contract award value of $18.6 million is an estimate and not a guarantee of future revenue.
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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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- New Appointment: Justin Mogford has been named as the General Counsel for Bridger Aerospace.
- Management Team Enhancement: This appointment is part of efforts to further strengthen the management team at Bridger Aerospace.
See More
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See More
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- Executive Changes and Technological Innovation: Eric Gerratt will retire at the end of the month, with Anne Hayes taking over as CFO and Bill Andrews appointed as COO, as management emphasizes the high demand for technology-enhanced platforms that will create high-margin business opportunities.
See More
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- Revenue Performance: The company reported Q4 revenue of $8.54 million, a 45.2% year-over-year decline, yet it surpassed market expectations by $2.04 million, demonstrating some resilience in demand despite significant downturns.
- 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
