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Bridger Aerospace Awarded Exclusive-Use Contract by State of Montana for Innovative Wildfire Detection Aircraft

1. Bridger Aerospace won a contract for wildfire detection in Montana. 2. The contract guarantees $648,000 minimum annual value with 120 days of service. 3. Nearly all aircraft are operational for the upcoming 2025 fire season. 4. The contract includes advanced aerial intelligence capabilities for wildfire response. 5. This award emphasizes growth in Bridger's exclusive-use contract portfolio.

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FAQ

Why Bullish?

Winning a state contract enhances revenue predictability and showcases operational readiness, potentially driving stock prices up. Historically, contracts of this nature have proven beneficial for valuation increases in similar companies.

How important is it?

The contract signifies market growth and capability enhancement for BAER, impacting investor sentiment and potentially boosting stock performance.

Why Short Term?

The immediate effects of this contract will likely be reflected in revenue and stock performance during the 2025 fire season, which occurs soon.

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BAERW
BELGRADE, Mont., April 10, 2025 (GLOBE NEWSWIRE) -- Bridger Aerospace Group Holdings, Inc. (“Bridger” or “Bridger Aerospace”) (NASDAQ: BAER, BAERW), announced today that, after participating in a competitive bidding process, it has been notified by the State of Montana as the successful bidder for an exclusive-use contract to provide wildfire detection and mapping using a specially modified Daher Kodiak 100 aircraft. The exclusive-use agreement includes an initial one-year term, with two optional extension years pending continued state funding. The contract provides for a minimum of 120 days of availability for a minimum annual value of $648,000 with additional days and flight hours incremental to the minimum annual value. “With this award, nearly all of Bridger’s air attack and sensor-equipped fleet is either committed or currently operational for the 2025 fire season,” stated Sam Davis, Chief Executive Officer at Bridger Aerospace. “This opportunity, which expands our portfolio of exclusive-use contracts, is particularly significant as it enables us to support critical firefighting operations in our home state. With our specialized in-house aircraft modification capabilities, we’re uniquely positioned to rapidly deliver advanced aerial intelligence and mapping solutions, directly supporting the safety and effectiveness of wildfire response teams throughout Montana.” This modification integrates an advanced sensor system and operator workstation into the Kodiak and is being executed by the combined Bridger and FMS Aerospace team. This marks the first-ever joint effort contract award for their in-house design, engineering, and Part 145 modification capabilities since the acquisition of FMS in 2024. It will enable rapid identification of wildfire hotspots across the state, precise fire perimeter mapping, and delivery of near-real-time infrared imagery directly to firefighting crews. About Bridger Aerospace Based in Belgrade, Montana, Bridger Aerospace Group Holdings, Inc. is one of the nation’s largest aerial firefighting companies. Bridger provides 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. More information about Bridger Aerospace is available at https://www.bridgeraerospace.com. Investor Contacts Alison ZieglerDarrow Associates201-220-2678aziegler@darrowir.com

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