Bridger Aerospace provides aerial wildfire suppression and surveillance services to U.S. federal and state government agencies. The company's core asset is its fleet of Super Scooper amphibious aircraft, which scoop water directly from lakes or rivers in roughly 12 seconds and drop it on active wildfires — enabling far faster reloading than traditional air tankers, which must return to airports to reload retardant. Bridger argues it operates the largest private commercial Super Scooper fleet in the world. Its primary federal customers are the U.S. Forest Service and Department of the Interior, with additional state customers including California, Washington, and Oregon. Bridger also operates an aerial surveillance fleet equipped with sensors and cameras that provide incident commanders with real-time fire mapping and situational awareness, integrated through its Ignis software platform. The company earns revenue under two contract structures: exclusive-use contracts, which guarantee a daily rate regardless of whether the aircraft flies, and call-when-needed contracts, which pay only when aircraft deploy to a fire. Bridger has been pushing to shift capacity toward exclusive-use contracts to reduce dependence on fire activity. The business is highly seasonal, with the bulk of revenue and EBITDA concentrated in Q3. The cost structure is largely fixed, creating significant operating leverage in peak season. Bridger also operates an MRO business through FMS Aerospace and Albacete Aero, providing aircraft overhauls and DoD modification work. Fleet expansion, contract diversification, and early-stage international expansion round out the company's growth strategy.