Castellum, Inc. Wins OASIS+ Unrestricted IDIQ Contract

Rhea-AI Summary

Castellum (NYSE-American: CTM) announces a significant contract win through its subsidiary Specialty Systems, Inc., in collaboration with Corvus Consulting and Global Technology and Management Resources. The company secured all four unrestricted domains in the OASIS+ (One Acquisition Solution for Integrated Services Plus) contract, complementing three previously awarded small business domains.

The awarded domains include intelligence services, technical and engineering, research and development, and management & advisory. This government-wide contract has a ten-year performance period with no ceiling value, representing a major strategic opportunity for Castellum to expand its federal customer support.

Positive

• Secured all four unrestricted domains in OASIS+ contract
• Ten-year contract duration provides long-term revenue visibility
• No ceiling value on contract potential
• Expands federal customer base access

Negative

• None.

Insights

Government Contracts Analyst

The OASIS+ unrestricted IDIQ contract win represents a transformative opportunity for Castellum. IDIQ (Indefinite Delivery, Indefinite Quantity) contracts of this magnitude typically serve as major revenue generators, providing stable, long-term access to federal procurement opportunities. The 10-year performance period with no ceiling value is particularly notable, as it offers exceptional revenue potential and business stability.

The award across all four unrestricted domains (intelligence services, technical and engineering, research and development and management & advisory) significantly expands Castellum's addressable market within federal contracting. For a company with a market cap of $26 million, securing an unrestricted IDIQ contract of this scale could be a game-changing catalyst for growth. The unrestricted designation is important - it means Castellum can compete for larger task orders without size limitations, potentially accelerating revenue growth beyond their current small business constraints.

Think of this like getting approved for an unlimited credit line with the government - while it doesn't guarantee revenue, it removes barriers to pursuing larger opportunities and positions Castellum to compete with larger federal contractors. For a small-cap company, this level of contract access typically drives significant multiple expansion as the market prices in the enhanced growth potential.

Federal Market Strategist

This contract win strategically positions Castellum in high-priority federal spending areas, particularly cybersecurity and electronic warfare. The timing is optimal, as federal defense and cybersecurity budgets are expanding amid growing global security concerns. The combination of all four unrestricted domains with their existing three small business domains creates a comprehensive contract portfolio that can capture opportunities across the full spectrum of federal requirements.

The OASIS+ vehicle is particularly valuable because it's a preferred contracting method for many federal agencies, offering streamlined procurement processes. This means faster contract awards and reduced administrative burden compared to traditional contracting methods. For investors, this translates to potentially quicker revenue conversion and lower overhead costs in pursuing new business.

VIENNA, Va., Dec. 23, 2024 (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 subsidiary Specialty Systems, Inc., teaming with Castellum’s other two subsidiaries Corvus Consulting, LLC and Global Technology and Management Resources, Inc., was awarded all four unrestricted domains upon which it submitted proposals. This award is in addition to the three small business domains the Castellum team has already been awarded on One Acquisition Solution for Integrated Services Plus (“OASIS+”).

OASIS+ is a suite of government-wide, multi-award contracts designed to support federal agencies’ procurement requirements for services-based solutions. With a potential ten-year performance period and no ceiling value, OASIS+ represents a significant opportunity for the Castellum team to expand its support to federal customers. Learn more at: https://www.gsa.gov/oasis-plus/about/

“Our Castellum team could not be more excited and inspired to learn of this major strategic win, the most important in Castellum’s history, and we are 100% prepped and energized to push full throttle and maximize the considerable potential OASIS+ unrestricted IDIQ contract represents. Our award in the unrestricted category includes four key domains where we are laser-focused, determined, and galvanized for organic growth: intelligence services, technical and engineering, research and development, and management & advisory. These domains represent some of the most relevant and critically important needs and requirements across our federal government and for many of our current and future mission customers, and they also represent what we do best. OASIS+ could not be a better fit for us and our strengths. As I have reinforced in past press releases, our winning advantage starts with our exceptional Castellum professionals that bring those world-class skills, talent, and experience, specific to these domains, for our customers and our vital national security mission. And together with our strong mission and technical capabilities and extensive and relevant past performance that are also directly linked to these four domains, our Castellum team will be well-postured to successfully pursue our strong and viable organic growth plans and goals for the new year and beyond,” 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 - http://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 including opportunities arising from the OASIS+ unrestricted contract, 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
Contact: Info@castellumus.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fede7b34-328b-4712-af1f-9dac580afdb7

FAQ

What are the 4 unrestricted domains Castellum (CTM) won in the OASIS+ contract?

Castellum won four unrestricted domains: intelligence services, technical and engineering, research and development, and management & advisory.

What is the duration and value of Castellum's (CTM) OASIS+ contract?

The OASIS+ contract has a potential ten-year performance period with no ceiling value.

How many OASIS+ domains does Castellum (CTM) now hold in total?

Castellum now holds seven OASIS+ domains in total: four unrestricted domains and three previously awarded small business domains.

Which Castellum subsidiaries are involved in the OASIS+ contract win?

The OASIS+ contract involves three Castellum subsidiaries: Specialty Systems, Inc., Corvus Consulting, , and Global Technology and Management Resources, Inc.