Bridger Aerospace Enters Into Long-Term Aircraft Services Agreement With Metatek For Three Special Mission Survey Aircraft

Agreement provides for dedicated deployment of three Basler BT-67 special mission aircraft configured with advanced sensor technology

Establishes long-term, year-round recurring work for Bridger to support Metatek’s global customers and service offerings

BELGRADE, Mont., Oct. 27, 2026 (GLOBE NEWSWIRE) -- Bridger Aerospace Group Holdings, Inc. ("Bridger," "Bridger Aerospace" or the "Company") (NASDAQ:BAER, BAERW))), one of the nation's leading aerial firefighting companies, today announced it has entered into an Aircraft Services Agreement (the "Agreement") with Metatek Group Ltd. ("Metatek") (TSX:MTEK), a global leader in airborne geophysical survey and sensor technology. Bridger will provide dedicated aircraft availability, modification, maintenance, and operational services in support of Metatek’s global airborne geophysical sensor survey operations.

Under the Agreement, Bridger will modify, operate, and maintain a fleet of three Basler BT-67 turbine-converted aircraft, each configured to Metatek’s specifications to support onboard sensor and mission equipment. Each aircraft carries an initial five-year term, automatically extended for an additional five years unless either party provides timely notice of non-renewal.

Based on the contractual terms applicable to the first aircraft, the Company estimates that the Agreement may generate aggregate gross revenue attributable to that aircraft of approximately $58 million over its initial five-year term and assumed five-year extension. This estimate comprises aircraft modification fees, fixed monthly availability fees, and flight-hour charges at contractually committed minimum utilization levels. It assumes full commitment, timely induction of the first aircraft, and continuation through the extension term. The estimate represents aggregate revenue across these services over the assumed ten-year period.

For Metatek, the Agreement provides an integrated aviation service covering aircraft availability, modification, maintenance, and operational support—functions it would otherwise need to fund in providing equivalent aircraft capacity. The aircraft will also be equipped for cold-weather operations, enabling Metatek to pursue survey opportunities in markets it has previously been unable to target with its existing aircraft.