Montana GOP Senate candidate #Tim #Sheehy touts his business.
-- It’s losing millions.
As he campaigns in one of the nation’s most competitive U.S. Senate races, #Montana Republican #Tim #Sheehy recounts how he
started an aerial firefighting business in his barn
and built it into a publicly traded company on the front lines of increasingly dangerous wildfires.
“That’s a success story,” he said in a June television interview.
Reports filed with the Securities and Exchange Commission in recent months tell
a different story
about Bridger Aerospace, known for its “Super Scooper” planes that can remove up to 1,400 gallons at a time from a body of water to dump on a nearby wildfire.
Bridger is facing a cash crunch so dire that
there is “substantial doubt about the Company’s ability to continue,”
according to public filings that show
the company lost $77.4 million last year and $20.1 million in the first three months of 2024.
Several directors have left, including one who flagged concerns about internal auditing, as an unusually slow wildfire season in 2023 put the company at risk of defaulting on its debt.
And then last month, Sheehy said he couldn’t devote enough time to running the company and resigned
— a move that Bridger, which had promoted his key role in “every facet” of the business, previously said would happen if he was elected to the Senate.
https://jontester.com/
️“Montana will always come first for me
– and I will take on anyone, from any party, to defend our state,”
#Jon #Tester said in a statement.
“I’m honored to have the support of Montana Republicans who have stood with me to fight for our veterans, protect our freedoms, and keep the government out of our personal lives.”
https://www.yahoo.com/news/tester-campaign-launches-republicans-tester-130118299.html
https://www.washingtonpost.com/politics/2024/08/10/tim-sheehy-firefighting-company-losses-wildfires/