Metatek and Bridger Aerospace Enter into Long-Term Aircraft Services Agreement to Support Global Geophysical Surveying
Key Highlights
- ➤Three Basler BT-67 aircraft dedicated to Metatek’s geophysical survey operations
- ➤Five-year aircraft terms automatically extend for another five years
- ➤First aircraft deployment expected in second half of 2027
- ➤Remaining two aircraft deliveries scheduled over the following three years
- ➤Agreement includes committed minimum flight-hour utilisation charges
Expert Statements
Dr Mark Davies, Chief Executive Officer of Metatek
“Metatek needs dependable aviation capacity to support its existing operations and, with additional eFTG systems from Lockheed Martin on order, its next phase of growth.”
Dr Mark Davies, Chief Executive Officer of Metatek
“Bridger's established, certified operations and experience in austere environments provide the dedicated aircraft, maintenance and operational support to help us improve reliability, streamline mobilisation and increase productive survey time.”
Dr Mark Davies, Chief Executive Officer of Metatek
“This agreement supports our progress towards our target of 70% operational utilisation, enabling us to generate more revenue from our instruments and strengthen project economics.”
Dr Mark Davies, Chief Executive Officer of Metatek
“It also allows us to scale without taking on the capital investment, overhead and complexity of building a larger aviation operation within Metatek, keeping our resources focused on geophysical technology and delivering for our customers.”
Sam Davis, President and Chief Executive Officer of Bridger Aerospace
“This agreement marks a transformational milestone in Bridger's strategy to build diversified, durable revenue streams beyond wildfire suppression and expand into long-term, recurring global operations.”
Sam Davis, President and Chief Executive Officer of Bridger Aerospace
“Metatek is recognized worldwide for its technical leadership, and we are proud to serve as their dedicated aviation partner.”
Sam Davis, President and Chief Executive Officer of Bridger Aerospace
“By combining their advanced sensor technology with Bridger's aviation expertise, we are creating a highly differentiated platform that will serve long-term global customers with innovative technology and aviation solutions.”
Agreement provides dedicated deployment of three Basler BT-67 special mission aircraft to support Metatek's existing operations and additional eFTG systems on order
Calgary, Alberta--(Newsfile Corp. - October 27, 2026) - Metatek Group Ltd. (TSX: MTEK) ("Metatek" or the "Company"), the exclusive global provider of Enhanced Full Tensor Gravity Gradiometry ("eFTG") and Digital Full Tensor Gravity Gradiometry ("dFTG"), today announced it has entered into an Aircraft Services Agreement (the "Agreement") with Bridger Aerospace Group Holdings, Inc. ("Bridger" or "Bridger Aerospace") (NASDAQ: BAER) (NASDAQ: BAERW), one of the leading U.S. aerial firefighting companies. Bridger will provide dedicated aircraft availability, modification, maintenance, and operational services in support of Metatek's global airborne geophysical sensor survey operations.
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