Business Description

Business Overview Bridger provides aerial wildfire surveillance, relief and suppression, and aerial firefighting services using next-generation technology and environmentally friendly and sustainable firefighting methods primarily throughout the United States, as well as airframe modification and integration solutions for governmental and commercial customers. Our mission is to deploy the most advanced technologies in aviation to protect lives, property, critical infrastructure, and the environment, delivering these capabilities where they are needed most, from wildfire response to defense and beyond. Through innovation and the use of advanced technology and software, focusing on aerial firefighting, disaster response, government applications and public safety, Bridger aims to set the global standard in aviation services. Bridger was founded in 2014 in Bozeman, Montana by Tim Sheehy, former U.S. Navy SEAL officer and current United States Senator. Mr. Sheehy, who served as the Company’s initial Chief Executive Officer, envisioned applying advanced aviation technologies and combat-derived capabilities developed in military operations to combat wildfires. Since its founding, Bridger has built upon this foundation and is expanding its specialized aerial capabilities beyond traditional wildfire suppression to include mission-adjacent services for governmental and commercial customers. On January 24, 2023, Bridger completed a reverse recapitalization (the “Reverse Recapitalization”) with Jack Creek Investment Corp. (“JCIC”). As a result of the Reverse Recapitalization, Bridger and its subsidiaries prior to the consummation of the Reverse Recapitalization and JCIC each became wholly-owned subsidiaries of the Company. The current Chief Executive Officer, Sam Davis, was one of the original members of the Bridger leadership team. Mr. Davis rose through the ranks, contributing to the expansion of the fleet from a small number of legacy aircraft to its current scale and the broadening of the Company’s service offerings. Following Mr. Sheehy’s election to the United States Senate in 2024, Mr. Davis was appointed Chief Executive Officer by unanimous Board of Directors vote based on his successful leadership as Interim CEO. Under Mr. Davis’s stewardship, and with the support of a strong leadership team, the Company continues to pave the way as a full-spectrum aerial service provider in the field of aerial wildfire management, offering technology and services to provide front-line firefighters and incident commanders with critical fire data, overhead surveillance, and suppression support. As of December 31, 2025, the Company has a team of 235 employees headquartered in Belgrade, Montana. The Company’s workforce includes pilots, maintenance personnel, engineers, developers, and support staff who provide aerial wildfire surveillance, suppression and related services, as well as customized airframe modification and integration solutions. Business Description Our portfolio is organized across three core offerings: Fire Suppression : Consists of deploying CL-415EAF (“Super Scooper”) aircraft to drop large amounts of water as part of the initial and direct attack to slow, contain, and extinguish wildfires. Aerial Surveillance : Consists of providing aerial surveillance via manned (“Air Attack”) aircraft for fire suppression aircraft over an incident and providing tactical coordination with the incident commander. Maintenance, Repair and Overhaul (“MRO”) : Consists of maintenance and repair services for return-to-service upgrades of certain Canadair CL-215 Amphibious (“Spanish Scoopers”) aircraft as well as airframe modification and integration solutions for governmental and commercial customers. Fire Suppression We provide direct aerial firefighting support for ground crews by operating Super Scoopers. These specialized amphibious aircraft drop high volumes of water directly onto active wildfires, complementing traditional ground-based suppression efforts. Many wildfires occur near major water sources, making it more time- and fuel-efficient to deploy Super Scoopers. Aerial Surveillance Wildfires can spread quickly and change course very rapidly. Our aerial surveillance services provide decision-makers rapid, current intelligence from useful aerial vantage points, giving them access to key information to support more effective deployment of ground firefighters and improved safety for the public at large.…