Castellum, Inc. Announces the Award of a $66.2 million Full and Open Contract to its SSI Subsidiary
Castellum (NYSE‑American: CTM) announced that its Specialty Systems, Inc. subsidiary won a $66.2 million full and open, five‑year prime contract to provide logistics, engineering and cyber support to NAWCAD Lakehurst MO&I divisions supporting ALRE, SE and related shipboard systems.
This is Castellum’s first full and open prime award without small‑business set‑aside restrictions and the company’s second‑largest contract win. Management said the award builds on a prior $103M+ prime win announced in February. The award remains subject to potential protests, government funding and termination for cause or convenience.
Castellum (NYSE‑American: CTM) ha annunciato che la sua controllata Specialty Systems, Inc. ha ottenuto un contratto principale aperto, full and open, di 66,2 milioni di dollari della durata di cinque anni per fornire supporto logistico, ingegneristico e cibernetico alle divisioni MO&I di NAWCAD Lakehurst che supportano ALRE, SE e i relativi sistemi di bordo.
Questo è il primo premio primario aperto a pieno titolo di Castellum senza restrizioni di piccole imprese e il secondo più grande contratto vinto dall’azienda. Il management ha detto che l’assegnazione si basa su un precedente premio primario di oltre 103 milioni di dollari annunciato a febbraio. L’assegnazione resta soggetta a possibili proteste, al finanziamento governativo e alla risoluzione per causa o comodità.
Castellum (NYSE‑American: CTM) anunció que su subsidiaria Specialty Systems, Inc. ganó un contrato principal de tipo abierto, de cinco años y 66,2 millones de dólares, para proporcionar logística, ingeniería y soporte cibernético a las divisiones MO&I de NAWCAD Lakehurst que apoyan ALRE, SE y los sistemas de cubierta relacionados.
Este es el primer premio principal abierto a pleno de Castellum sin restricciones de contratación para pequeñas empresas y la segundo contrato más grande de la empresa. La dirección dijo que el premio se basa en un premio principal anterior de más de 103 millones de dólares anunciado en febrero. El premio permanece sujeto a posibles protestas, financiación gubernamental y terminación por causa o conveniencia.
카스텔럼(Castellum, NYSE‑American: CTM)은 Specialty Systems, Inc. 자회사가 ALRE, SE 및 관련 함상 시스템을 지원하는 NAWCAD Lakehurst MO&I 부서에 로지스틱스, 엔지니어링 및 사이버 지원을 제공하기 위한 5년간의 6,620만 달러 규모의 완전 공개 프라임 계약을 수주했다고 발표했습니다.
이것은 소기업 배정 없이 최초의 완전 공개 프라임 수주이며, 회사의 두 번째로 큰 계약 수주입니다. 경영진은 이 수주가 2월에 발표된 1억 300만 달러 이상의 프라임 수주의 기반이 되었다고 말했습니다. 수주는 잠재적 이의 제기, 정부 자금 조달 및 사유 또는 편의에 의한 해지의 가능성에 따라 달라집니다.
Castellum (NYSE‑American: CTM) a annoncé que sa filiale Specialty Systems, Inc. a obtenu un marché principal plein et ouvert de 66,2 millions de dollars sur cinq ans, pour fournir un soutien logistique, ingénierie et cybersécurité aux divisions MO&I de NAWCAD Lakehurst soutenant ALRE, SE et les systèmes de placard de bord associés.
Il s’agit du premier marché principal plein et ouvert de Castellum sans restrictions d’affectation pour les petites entreprises et du deuxième plus grand contrat remporté par l’entreprise. La direction a indiqué que cette attribution s’appuie sur un précédent marché principal de plus de 103 millions de dollars annoncé en février. L’attribution reste soumise à d’éventuelles protestations, au financement gouvernemental et à la résiliation pour cause ou convenance.
Castellum (NYSE‑American: CTM) kündigte an, dass seine Tochtergesellschaft Specialty Systems, Inc. einen 66,2 Millionen US-Dollar umfassenden offenen Fünfjahres-Vertrag als Prime-Vertrag gewonnen hat, um logistische, technik- und cyberspace-Unterstützung für die MO&I‑Abteilungen von NAWCAD Lakehurst bereitzustellen, die ALRE, SE und verwandte schiffsseitige Systeme unterstützen.
Dies ist Castellums erster vollständiger offener Prime-Vertrag ohne Beschränkungen für Kleinunternehmer und der zweitgrößte Vertragsabschluss des Unternehmens. Die Geschäftsführung sagte, die Vergabe basiere auf einem vorherigen Prime-Verdienst von über 103 Mio. USD, der im Februar bekannt gegeben wurde. Die Vergabe bleibt möglichen Protesten, Bundessmitteln und einer Kündigung aus Gründen oder Bequemlichkeit vorbehalten.
كاستيليوم (بورصة نيويورك-أمريكا: CTM) أعلنت أن شركة Specialty Systems, Inc. التابعة لها فازت بعقد رئيسي مفتوح وخاص لمدة خمس سنوات بقيمة 66.2 مليون دولار لتوفير اللوجستيات والهندسة والدعم السيبراني لقسم MO&I في NAWCAD Lakehurst الذي يدعم ALRE وSE وأنظمة سطح السفينة ذات الصلة.
هذا هو أول عقد رئيسي مفتوح بالكامل لكاستيليوم بدون قيود على الأعمال الصغيرة وكون الشركة ثاني أكبر عقد تفوز به. وقالت الإدارة إن هذه الجائزة تتوالى مع جائزة رئيسية سابقة تجاوزت 103 مليون دولار أُعلنت في فبراير. الجائزة لا تزال خاضعة للاعتراضات المحتملة، وتمويل الحكومة، وإنهاء لأسباب أو للراحة.
- $66.2M five‑year full and open prime contract
- First full and open prime win with no small‑business set‑aside
- Company’s second‑largest contract award
- Builds on prior $103M+ prime win announced in February
- Award is subject to potential protests
- Performance depends on government funding
- Government may terminate the contract for cause or convenience
Insights
Castellum's SSI won a significant
Castellum’s SSI subsidiary will deliver logistics, engineering, and cyber support for Aircraft Launch Recovery Equipment and Support Equipment under a
The contract is subject to standard federal risks: potential protests, availability of government funding, and termination for cause or convenience. Those contingencies directly affect revenue timing and contract realization; they remain explicit limits on near‑term certainty. Also note the company framed this as reinforcing capabilities, hiring, and reinvestment plans, but those are management intentions rather than guaranteed outcomes.
Watch for three concrete, monitorable items over the
VIENNA, Va., Oct. 31, 2025 (GLOBE NEWSWIRE) -- Castellum, Inc. (NYSE-American: CTM) (“Castellum” or “CTM”), a cybersecurity, electronic warfare, and software engineering services company focused on the federal government, announces that its Specialty Systems, Inc. (“SSI”) subsidiary has been awarded a
This award represents Castellum’s first full and open prime contract win with no small-business set-aside restrictions. It is also the second-largest contract win in the company’s history. As with all government contract awards, it is subject to potential protests, government funding, and the government's ability to terminate contracts for cause or for convenience. Please see Castellum’s risk factors in its annual report on Form 10-K for further information.
“This win is the reflection of the hard work of our SSI leadership and CTM professionals. It is an example that our targeted strategy to focus on full and open opportunities in our pipeline as we transition to a large business is working,” said Drew Merriman, Chief Operating Officer of Castellum.
“Our CTM team is on a roll. I am excited, encouraged, confident and indeed very proud of our incredible CTM team that has brought home two major prime contracts in the past seven months: First our
Here’s what it means for our CTM team:
It significantly expands and strengthens our already strong mission, technological capabilities, services, and solutions to support our current and new Mission customers, as well as our shared vital national security missions supporting our Warfighters across the globe. It continues to build on our already strong business base and foundation, with new professionals joining and strengthening our CTM team, and with strong, steady revenue and profitability growth. It strengthens our winning culture as a growing company in the large business category, focused, driven, and totally committed to more organic growth. Also, it allows us to reinvest in our CTM in key areas to further business growth through the development of our own technological solutions and products, as well as the thoughtful pursuit of the right potential M&A options.
This new and great opportunity is a direct reflection of our people's unwavering determination and tenacity. Our CTM Professionals are tested, proven, and represent the best of the best in our industry, providing world-class service and support to our vital Mission customers. They are truly the very heart of our company and amaze me each day with their unparalleled dedication, skills, talents, and experience. I could not be more encouraged for our people, our Mission customers, and our shareholders as we look ahead,” said Glen Ives, President and Chief Executive Officer of Castellum.
About Castellum, Inc. (NYSE-American: CTM):
Castellum, Inc. (NYSE-American: CTM) is a cybersecurity, electronic warfare, and software engineering services company focused on the federal government - https://castellumus.com/.
Cautionary Statement Concerning Forward-Looking Statements:
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent the Company’s expectations or beliefs concerning future events and can generally be identified by the use of statements that include words such as “estimate,” “project,” “believe,” “anticipate,” “shooting to,” “intend,” “plan,” “foresee,” “likely,” “will,” “would,” “appears,” “goal,” “target” or similar words or phrases. Forward-looking statements include, but are not limited to, statements regarding the Company’s expectations for revenue growth and new customer opportunities, improvements to cost structure, and profitability. Forward-looking statements include, but are not limited to, statements regarding the Company’s expectations for revenue growth and new customer opportunities, improvements to cost structure, and profitability. These forward-looking statements are subject to risks, uncertainties, and other factors, many of which are outside of the Company’s control, that could cause actual results to differ materially from the results expressed or implied in the forward-looking statements, including, among others: the Company’s ability to compete against new and existing competitors; its ability to effectively integrate and grow its acquired companies; its ability to identify additional acquisition targets and close additional acquisitions; the impact on the Company’s revenue due to a delay in the U.S. Congress approving a federal budget, operating under a prolonged continuing resolution, government shutdown, or breach of the debt ceiling, as well as the imposition by the U.S. government of sequestration in the absence of an approved budget; the ability of the U.S. federal government to unilaterally cancel a contract with or without cause, and more specifically, the potential impact of the U.S.DOGE Service Temporary Organization on government spending and terminating contracts for convenience. For a more detailed description of these and other risk factors, please refer to the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission (“SEC”), which can be viewed at www.sec.gov. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. The Company expressly disclaims any intent or obligation to update any of the forward-looking statements made in this release or in any of its SEC filings except as may be otherwise stated by the Company.
Contact:
Glen Ives
President and Chief Executive Officer
Phone: (703) 752-6157
info@castellumus.com
https://castellumus.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c8fdd28f-4c83-4b54-af4e-7338297a8cd8
FAQ
What is the value and term of Castellum (CTM) recent NAWCAD Lakehurst contract?
What services will CTM’s SSI provide under the $66.2M NAWCAD award?
How significant is the $66.2M contract for Castellum (CTM)?
Does the CTM $66.2M award face any risks to funding or performance?
How does the $66.2M NAWCAD contract relate to previous Castellum wins?
Which NAWCAD divisions will the CTM contract support at Lakehurst?
