Bridger Aerospace Set to Join Russell 3000®, Russell 2000® and Russell Microcap® Indexes
May 29 2024 - 8:05AM
Bridger Aerospace Group Holdings, Inc. (“Bridger”, “the Company” or
“Bridger Aerospace”), (NASDAQ: BAER, BAERW), one of the nation’s
largest aerial firefighting companies, today announced that it is
set to join the Russell 3000® Index at the conclusion of the 2024
Russell US Indexes annual reconstitution, effective at the open of
US equity markets on Monday, July 1st. A preliminary list of
additions was posted Friday, May 24th.
The annual Russell US Indexes reconstitution
captures the 4,000 largest US stocks as of Tuesday, April 30th,
ranking them by total market capitalization. Membership in the US
all-cap Russell 3000® Index, which remains in place for one year,
means automatic inclusion in small-cap Russell 2000 Index and
Russell Microcap® Index as well as the appropriate growth and value
style indexes. FTSE Russell determines membership for its Russell
indexes primarily by objective, market-capitalization rankings, and
style attributes.
“Inclusion in the Russell US Indexes is welcomed
recognition of Bridger Aerospace’s growth and financial performance
driven by the continued demand for our aerial wildfire surveillance
and suppression services,” commented Tim Sheehy, Bridger
Aerospace’s Chief Executive Officer. “Coming off our largest year
ever in 2023 and positioned for more growth in 2024, joining the
Russell index is another fantastic milestone for our company and we
look forward to introducing Bridger to a broader segment of the
investment community through our inclusion in this prominent
index.”
Russell indexes are widely used by investment
managers and institutional investors for index funds and as
benchmarks for active investment strategies. Russell’s US indexes
serve as the benchmark for about $10.5 trillion in assets as of the
close of December 2023. Russell indexes are part of FTSE Russell, a
leading global index provider.
Fiona Bassett, CEO of FTSE Russell, An LSEG
Business, commented, “Russell indexes–now in their 40th
year–continue to evolve to reflect the dynamic US economy. Annual
rebalancing plays a vital role in establishing accurate benchmarks,
ensuring they correctly mirror their designated market segments and
remain unbiased in terms of size and style.
For more information on the Russell 3000® Index
and the Russell indexes reconstitution, go to the “Russell
Reconstitution” section on the FTSE Russell website.
About Bridger AerospaceBased in
Belgrade, Montana, Bridger Aerospace Group Holdings, Inc. is one of
the nation’s largest aerial firefighting companies. Bridger
provides aerial firefighting and wildfire management services to
federal and state government agencies, including the United States
Forest Service, across the nation, as well as internationally. More
information about Bridger Aerospace is available at
https://www.bridgeraerospace.com.
About FTSE Russell:FTSE Russell
is a leading global provider of benchmarking, analytics, and data
solutions for investors, giving them a precise view of the market
relevant to their investment process. A comprehensive range of
reliable and accurate indexes provides investors worldwide with the
tools they require to measure and benchmark markets across asset
classes, styles, or strategies.
FTSE Russell index expertise and products are
used extensively by institutional and retail investors globally.
For over 30 years, leading asset owners, asset managers, ETF
providers and investment banks have chosen FTSE Russell indexes to
benchmark their investment performance and create ETFs, structured
products, and index-based derivatives.
FTSE Russell is focused on applying the highest
industry standards in index design and governance, employing
transparent rules-based methodology informed by independent
committees of leading market participants. FTSE Russell fully
embraces the IOSCO Principles, and its Statement of Compliance has
received independent assurance. Index innovation is driven by
client needs and customer partnerships, allowing FTSE Russell to
continually enhance the breadth, depth and reach of its
offering.
FTSE Russell is wholly owned by London Stock
Exchange Group.
For more information, visit
https://www.lseg.com/en/ftse-russell.
Investor ContactsAlison ZieglerDarrow
Associates201-220-2678aziegler@darrowir.com
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