Castellum Announces the Award of a $3.2 million Contract to its Specialty Systems, Inc. Subsidiary
Castellum (NYSE-American: CTM) announces that its Specialty Systems subsidiary has been awarded a $3.2 million, 18-month contract from the Naval Air Warfare Center Aircraft Division - Lakehurst. The contract focuses on enhancing Cyber-Supply Chain Risk Management (C-SCRM) capabilities for Aircraft Launch and Recovery Equipment (ALRE) mission systems.
The project will deliver an automated enterprise ALRE Cyber Signature Assessment (ACSA) framework, utilizing Artificial Intelligence and Machine Learning (AI/ML) to establish a comprehensive C-SCRM digital thread spanning the entire product lifecycle of ALRE mission systems. The solution will integrate Software Composition Analysis (SCA) with component inspection technology to detect tampering across hardware, firmware, and software levels.
Castellum (NYSE-American: CTM) annuncia che la sua consociata Specialty Systems ha ricevuto un contratto di 3,2 milioni di dollari della durata di 18 mesi dal Naval Air Warfare Center Aircraft Division - Lakehurst. Il contratto si concentra sul miglioramento delle capacità di gestione del rischio della catena di approvvigionamento informatica (C-SCRM) per i sistemi di missione di Equipaggiamento di Lancio e Recupero Aereo (ALRE).
Il progetto fornirà un quadro di valutazione automatizzato delle firme informatiche ALRE (ACSA), utilizzando Intelligenza Artificiale e Machine Learning (AI/ML) per stabilire un filo digitale C-SCRM completo che attraversa l'intero ciclo di vita del prodotto dei sistemi di missione ALRE. La soluzione integrerà l'analisi della composizione del software (SCA) con tecnologia di ispezione dei componenti per rilevare manomissioni a livello hardware, firmware e software.
Castellum (NYSE-American: CTM) anuncia que su subsidiaria Specialty Systems ha sido galardonada con un contrato de 3,2 millones de dólares por 18 meses del Centro de Guerra Aérea Naval - Lakehurst. El contrato se centra en mejorar las capacidades de gestión del riesgo de la cadena de suministro cibernética (C-SCRM) para los sistemas de misión de Equipos de Lanzamiento y Recuperación de Aeronaves (ALRE).
El proyecto entregará un marco de evaluación de firmas cibernéticas ALRE automatizado (ACSA), utilizando Inteligencia Artificial y Aprendizaje Automático (AI/ML) para establecer un hilo digital C-SCRM integral que abarca todo el ciclo de vida del producto de los sistemas de misión ALRE. La solución integrará el análisis de composición de software (SCA) con la tecnología de inspección de componentes para detectar manipulaciones en los niveles de hardware, firmware y software.
캐스텔럼 (NYSE-American: CTM)은 자회사인 스페셜티 시스템이 해군 항공 전투 센터 - 레이크허스트로부터 320만 달러 규모의 18개월 계약을 체결했다고 발표했습니다. 이 계약은 항공기 이착륙 장비(ALRE) 임무 시스템의 사이버 공급망 리스크 관리(C-SCRM) 능력을 향상시키는 데 중점을 두고 있습니다.
이 프로젝트는 인공지능 및 기계 학습(AI/ML)을 활용하여 ALRE 임무 시스템의 전체 제품 수명 주기를 아우르는 포괄적인 C-SCRM 디지털 스레드를 구축하는 자동화된 ALRE 사이버 서명 평가(ACSA) 프레임워크를 제공합니다. 솔루션은 소프트웨어 구성 분석(SCA)과 구성 요소 검사 기술을 통합하여 하드웨어, 펌웨어 및 소프트웨어 수준에서 변조를 감지합니다.
Castellum (NYSE-American: CTM) annonce que sa filiale Specialty Systems a remporté un contrat de 3,2 millions de dollars d'une durée de 18 mois du Naval Air Warfare Center Aircraft Division - Lakehurst. Le contrat vise à améliorer les capacités de gestion des risques de la chaîne d'approvisionnement numérique (C-SCRM) pour les systèmes de mission d'Équipement de Lancement et de Récupération d'Aéronefs (ALRE).
Le projet fournira un cadre d'évaluation automatisée des signatures cybersécurisées ALRE (ACSA), utilisant Intelligence Artificielle et Apprentissage Automatique (AI/ML) pour établir un fil numérique C-SCRM complet couvrant l'ensemble du cycle de vie du produit des systèmes de mission ALRE. La solution intégrera l'analyse de la composition logicielle (SCA) avec une technologie d'inspection des composants pour détecter des manipulations au niveau matériel, firmware et logiciel.
Castellum (NYSE-American: CTM) gibt bekannt, dass ihre Tochtergesellschaft Specialty Systems einen 3,2-Millionen-Dollar-Vertrag über 18 Monate vom Naval Air Warfare Center Aircraft Division - Lakehurst erhalten hat. Der Vertrag konzentriert sich auf die Verbesserung der Fähigkeiten im Bereich des Cyber-Supply-Chain-Risikomanagements (C-SCRM) für Systeme zur Unterstützung von Start- und Landemanövern von Flugzeugen (ALRE).
Das Projekt wird einen automatisierten Rahmen für die Cyber-Signaturbewertung (ACSA) von ALRE bereitstellen, der Künstliche Intelligenz und Maschinelles Lernen (AI/ML) nutzt, um einen umfassenden C-SCRM-Digitalfaden zu etablieren, der den gesamten Produktlebenszyklus der ALRE-Missionssysteme abdeckt. Die Lösung wird die Softwarezusammensetzungsanalyse (SCA) mit der Komponentenintegrationstechnologie verbinden, um Manipulationen auf Hardware-, Firmware- und Software-Ebene zu erkennen.
- New $3.2 million contract win for 18-month duration
- Strategic expansion in cybersecurity services for naval defense systems
- Implementation of advanced AI/ML technology in security solutions
- None.
Insights
This
The 18-month contract scope targeting ALRE systems is particularly noteworthy, as these launch and recovery systems are mission-critical for naval aviation operations. The implementation of automated Software Composition Analysis combined with advanced component inspection capabilities will significantly enhance the Navy's ability to detect and prevent supply chain compromises.
While the contract value is relatively modest compared to major defense programs, the technological capabilities being developed could position Castellum for larger follow-on opportunities across other naval platforms and defense agencies. The focus on AI/ML integration for cybersecurity applications aligns with the Pentagon's broader modernization initiatives.
For a company with a market cap of
The contract's focus on emerging technologies like AI/ML in cybersecurity applications could improve Castellum's competitive positioning for future contract opportunities. While the immediate financial impact is positive but modest, the strategic value lies in establishing deeper relationships within NAVAIR's procurement ecosystem.
For investors, this represents a positive development that validates Castellum's technical capabilities and market access. However, sustainable growth will depend on the company's ability to leverage this experience into larger contract wins.
VIENNA, Va., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Castellum, Inc. (NYSE-American: CTM) (“Castellum”), a cybersecurity, electronic warfare, and software engineering services company focused on the federal government, announces that its Specialty Systems, Inc. subsidiary has been awarded a
Naval Air Systems Command (“NAVAIR”) has identified the need for an integrated and automated Software Composition Analysis (“SCA”) and component inspection framework to improve and strengthen oversight and management of both new and legacy mission system components. Our proposed solution, utilizing Artificial Intelligence and Machine Learning (AI/ML), establishes a holistic C-SCRM digital thread that spans the entire product lifecycle of ALRE mission systems. Leveraging the integration of SCA with sophisticated component inspection technology capable of detecting tampering at all levels; from hardware to firmware to software.
“As an industry leading technology services and solutions company, our CTM team could not be more excited for this key opportunity to develop and provide leading edge cybersecurity solutions leveraging AI/ML for our mission customers. We are proud to support this vital NAVAIR mission and contribute to the advancement of secure, efficient operations for our nation's defense. The ACSA framework will provide vital mission benefits, ensuring the integrity of ALRE systems and components throughout the entire supply chain lifecycle. And once again, it’s our remarkable team of outstanding CTM professionals who bring world class skills, talent, experience, and dedication in these key technology domains that continues to make a positive difference and vital contributions to our all-important national security needs,” said Glen Ives, President and Chief Executive Officer of Castellum.
About Castellum, Inc.
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 including opportunities arising from its contracts with NAVAIR and other customers, 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 or continuing resolution; and the Company’s ability to maintain the listing of its common stock on the NYSE American LLC. 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
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8ede662a-0a3c-4237-9acf-15cd83c158d9
FAQ
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