Bridger Aerospace secured $160m in bond from Gallatin county to hire new workers, but spent $134m on debt
Scrutiny is growing about the Montana aerial firefighting company once led by Tim Sheehy, the former Navy Seal and Republican Senate candidate who could oust the Democrat incumbent Jon Tester in next month’s election.
According to NBC News, Sheehy’s Bridger Aerospace, a company he founded in 2013, negotiated a deal with Gallatin county in eastern Montana to use its pristine credit rating to raise $160m in bonds. The county was meant to benefit from Bridger’s plans to hire more workers and build two new aircraft hangers.
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