Bridger Aerospace Secures 320-Day Task Orders from US Forest Service
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 11 2026
0mins
Bridger Aerospace Group Holdings has received two separate 160-day task orders from the US Forest Service, each for two of its CL-415EAF "Super Scooper" aircraft. The first task order started Friday, May 8, the day the order was received, with the second task order ensuring coverage into the fourth quarter of 2026. The task orders add 40 days per aircraft over last year's 120 guaranteed flying days, a total of 160 days for the four Super Scoopers. Task orders represent at least $30M in Standby Revenue for 2026.
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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: 1.940
Low
5.25
Averages
5.25
High
5.25
Current: 1.940
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 to extinguish 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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- Record Guaranteed Days: The guaranteed days for these task orders represent the longest in Bridger's history, increasing from last year's 120 days to 160 days, indicating the company's enhanced capability to address the growing wildfire threat.
- Immediate Effect Orders: The first task order became effective on May 8, with the second ensuring coverage into the fourth quarter of 2026, further solidifying Bridger's leadership in aerial firefighting services.
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- Slower Net New Money: The annualized pace of net new money was 1.7%, down from 2.7% in the second half of 2025, attributed to the ongoing rollout of its revised risk and compliance framework and uncertainty from the Middle East conflict, highlighting the challenges in the current market environment.
- Cost Control Initiatives: Julius Baer is actively working to contain costs across the organization, aiming for SFr 130 million in gross run-rate efficiency measures by the end of 2028, with an adjusted cost/income ratio of 62%, an improvement from 67% in H2 2025, indicating ongoing efforts to enhance operational efficiency.
- Executive Transition: CFO Evie Kostakis will step down after a transition period in the second half of the year, yet she will remain until the end of 2026 to support the handover to her successor, reflecting the company's prudent planning regarding executive succession.
See More
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- Record Guaranteed Days: The guaranteed days for these task orders represent the longest in Bridger's history, increasing from last year's 120 days to 160 days, indicating the company's enhanced capability to address the growing wildfire threat.
- Immediate Effect Orders: The first task order became effective on May 8, with the second ensuring coverage into the fourth quarter of 2026, further solidifying Bridger's leadership in aerial firefighting services.
- Strategic Implications: Bridger's CEO noted that these orders not only enhance operational readiness but also drive year-round deployment and revenue strategies, strengthening the company's ability to protect lives and the environment, reflecting a trusted partnership with the Forest Service.
See More
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- Revenue Decline: The company generated $8.5M in revenue for Q1, a 45.5% year-over-year decline that fell short of expectations by $8.75M, reflecting substantial issues in market demand and operational efficiency, potentially leading to tighter future cash flows.
- Future Growth Plans: Despite the current poor performance, Bridger Aerospace aims for over 25% revenue growth in 2026, leveraging new fleet assets and contracts to expand operations, demonstrating confidence in future market opportunities.
- Historical Performance Comparison: In Q4 2025, Bridger Aerospace reported a GAAP EPS of -$0.40, slightly missing expectations, while revenue of $8.54M exceeded estimates by $2.04M, highlighting the volatility in the company's performance across different quarters.
See More
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- Asset Management Growth: The bank exceeded its 2023 target of $145 billion in assets under management in 2025, reporting over 20% growth in global AUM, indicating strong performance and market confidence in its wealth management capabilities.
- Extensive Experience: Yang brings over 30 years of wealth management experience, having served as Market Head for Southeast Asia at Julius Baer and held senior roles at UBS Singapore, which is expected to provide valuable industry insights and leadership to Bank of Singapore.
- Strategic Investment: The bank's ongoing investments in the ASEAN market reflect its focus on Asian wealth flows, and Yang's appointment is anticipated to further enhance the bank's momentum in the region and strengthen its client service capabilities.
See More
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- MiniMed Platform Outlook: Morgan Stanley initiates MiniMed at overweight with a $19 price target, projecting that its differentiated diabetes management platform will drive growth and margin expansion, particularly given the significant underpenetration in the U.S. market.
See More
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- Executive Transition: Bridger Aerospace announced the appointment of Justin Mogford as General Counsel and Corporate Secretary effective April, succeeding James Muchmore, who has served since 2016, aiming to enhance governance and compliance as the company scales its operations.
- 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
