Bridger Aerospace to boost fleet with FF72 aircraft

BELGRADE, Mont. - Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER, BAERW), a leading aerial firefighting company currently valued at $65.87 million, and Positive Aviation, Inc., a French engineering firm, have announced a partnership to introduce the FF72, a new amphibious firefighting aircraft, to North America. According to InvestingPro data, Bridger’s stock has experienced significant volatility, declining 74.56% over the past year. The Memorandum of Understanding (MOU) was revealed today at the Aerial Fire Fighting Series: Europe Conference in Bordeaux, France.

Under the MOU, Bridger Aerospace will become the exclusive North American launch customer for the FF72, a modernized version of the ATR 72-600 designed for water-scooping capabilities. The agreement includes provisions for Bridger to purchase up to twenty FF72 aircraft, with deliveries expected to commence in time for the 2029 fire season. Despite recent stock performance challenges, InvestingPro analysis shows the company maintains a healthy current ratio of 2.73, indicating strong ability to meet short-term obligations.

The FF72 aims to enhance Bridger Aerospace’s response to wildfires by integrating advanced technology into its existing fleet of CL-415 EAF Super Scoopers. This move is anticipated to solidify Bridger’s leadership in aerial firefighting and address the growing year-round demand for such services.

Laurent Schmitt, Chairman and Founder of Positive Aviation, praised the partnership, emphasizing the development of cost-effective wildfire fighting solutions. Sam Davis, CEO of Bridger, highlighted the FF72’s advanced enhancements and the importance of addressing the ongoing challenge of wildfires.

Bridger Aerospace, based in Montana, offers aerial firefighting and wildfire management services across the United States and internationally, achieving impressive revenue growth of 47.83% in the last twelve months. Want deeper insights? InvestingPro offers 14 additional investment tips and comprehensive analysis for BAER stock, including detailed financial health scores and Fair Value estimates. Positive Aviation, located in Blagnac, France, specializes in transforming ATR 72 aircraft into the FF72 firefighting variant.

This partnership is subject to the finalization of a definitive collaboration agreement consistent with the MOU. The information provided in this article is based on a press release statement.

In other recent news, Bridger Aerospace Group Holdings Inc. reported a substantial increase in its financial performance for the fourth quarter of 2024. The company’s revenue for the year surged to $98.6 million, marking a 48% rise from the previous year, despite a net loss of $15.6 million, which was a significant improvement from the $77.4 million loss recorded in 2023. Bridger Aerospace has also announced a new at-the-market equity program, allowing the company to sell up to $100 million in common stock shares, with proceeds intended for general corporate purposes. In a strategic move, Sam Davis was appointed as the company’s President and CEO, having served as interim CEO since July 2024.

Canaccord Genuity adjusted its price target for Bridger Aerospace to $5.00 from $6.00 while maintaining a Buy rating, reflecting the company’s ongoing involvement in aerial firefighting operations. Bridger’s active deployment of its fleet, including operations in California and Oklahoma, aligns with anticipated increased budget allocations for firefighting services. The U.S. Forest Service is considering a 120-day task order for all six of Bridger’s Super Scoopers, highlighting potential new opportunities. Bridger Aerospace’s strategic initiatives and leadership changes demonstrate its commitment to addressing the growing threat of wildfires and expanding its market presence.

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