Welcome to our dedicated page for Castellum news (Ticker: CTM), a resource for investors and traders seeking the latest updates and insights on Castellum stock.
Castellum Inc (CTM) provides mission-critical IT solutions and cybersecurity services to defense, healthcare, and financial sectors. This news hub offers investors and industry professionals centralized access to verified corporate developments and strategic announcements.
Track key business updates including quarterly earnings disclosures, cybersecurity innovation milestones, and acquisition activity. Our curated collection ensures timely access to press releases about software engineering advancements, federal contract awards, and data analytics initiatives shaping CTM's market position.
Discover official statements covering:
• Strategic cybersecurity partnerships
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• Technology acquisition details
• Financial performance reports
Bookmark this page for efficient monitoring of Castellum's evolving capabilities in electronic warfare solutions, intelligence analysis tools, and enterprise IT infrastructure developments. All content is sourced directly from company communications to ensure regulatory compliance and factual accuracy.
Castellum, Inc. (NYSE-American: CTM) announced that its Global Technology and Management Resources, Inc. (GTMR) subsidiary has been selected as a Special Compartmented Information Multiple Award Contract (SCI MAC) vendor, supporting the Intelligence Division of Naval Air Warfare Center – Aircraft Division (NAWCAD).
The single pool unrestricted Indefinite Delivery Indefinite Quantity (IDIQ) contract became effective February 21, 2025, with a shared ceiling of $249 Million among selected awardees. Castellum/GTMR will provide analytical, technical, and managerial services across the U.S. Department of Defense in areas including acquisition, analysis, research and engineering, test and evaluation, logistics, training, program management, IT, and Software Development Support.
This contract enables Castellum to support Naval Air Systems Command (NAVAIR) throughout the Acquisition Life Cycle of various platforms and systems, as well as intelligence and threat support to numerous research, development, test, and evaluation activities requiring access to intelligence information at various classification levels.
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) announces successful onboarding of its two SBA mentor-protégé companies, Epic Systems and Krilla Kaleiwahea (K2), to the SeaPort Next Generation contract through rolling admissions II. SeaPort-NxG is the Navy Virtual SYSCOM Commanders' integrated approach to contracting for professional support services, including technical and engineering services for various naval departments.
The strategic alliances involve Castellum's subsidiary Specialty Systems with Epic Systems, and Global Technology and Management Resources with K2 (pending SBA approval). This development enables Castellum to compete for 8(a), women-owned small business, and Native Hawaiian Organization set-aside opportunities on SeaPort-NxG, strengthening its position for near-term growth alongside its recent OASIS+ contract win.
Castellum (NYSE-American: CTM), a cybersecurity and federal government services company, has announced the pricing of its public offering of 4,355,000 shares of common stock at $0.85 per share. The offering is expected to generate gross proceeds of approximately $3.7 million before deducting fees and expenses. The company plans to use the net proceeds for working capital and general corporate purposes.
Maxim Group is serving as the sole placement agent for the offering, which is expected to close around December 30, 2024. The offering is being conducted under a shelf registration statement that became effective on December 12, 2023.
Castellum (NYSE-American: CTM), a cybersecurity, electronic warfare, and software services company focused on the federal government, has announced plans for a public offering of common stock. The company will offer all shares and intends to use the net proceeds for working capital and general corporate purposes. Maxim Group is acting as the sole placement agent on a reasonable best-efforts basis.
The offering is subject to market conditions, with no guarantee of completion or final terms. The offering is being made pursuant to a shelf registration statement on Form S-3 that became effective on December 12, 2023. A preliminary prospectus supplement and accompanying prospectus will be available on the SEC's website.
Castellum (NYSE-American: CTM) has announced a registered direct offering of 9,473,700 shares of common stock at $0.38 per share, expecting to raise approximately $3.6 million in gross proceeds before deducting placement agent fees and other offering expenses. The offering, managed by Maxim Group as the sole placement agent, is expected to close around December 24, 2024. The shares are being offered through a shelf registration statement on Form S-3 that was declared effective by the SEC on December 12, 2023.
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.
Castellum (NYSE-American: CTM) reported sequential revenue growth in Q3 2024, reaching $11.6 million, up from $11.5 million in Q2 and $11.3 million in Q1. Gross profit increased to $5.0 million, compared to $4.7 million in Q2 and $4.5 million in Q1. The company's CEO highlighted that while current growth is modest due to existing contract performance, their strategy focuses on securing new contracts in 2025 to drive significant improvements in quarterly and long-term performance. Full financial results will be filed by November 14, 2024.
Castellum, Inc. (NYSE-American: CTM), a cybersecurity, electronic warfare, and software engineering services company, has announced a $4.1 million contract win in collaboration with its protégé, Epic Systems, Inc. The contract, awarded by the National Science Foundation (NSF), is for supporting NSF's Administrative Services Help Desk. Castellum's subsidiary, Corvus Consulting, , will have a 49% work share on the contract.
Glen Ives, President and CEO of Castellum, emphasized the importance of this milestone win and the company's commitment to the Small Business Administration's 'Mentor-Protégé' program. This program is part of Castellum's growth strategy, allowing them to support disadvantaged businesses and generate revenue from opportunities not otherwise available to the company.
Castellum, Inc. (NYSE-American: CTM), a cybersecurity, electronic warfare, and software services company, has promoted Andrew ("Drew") Merriman to Chief Operating Officer (COO), effective September 1, 2024. This move fills the vacancy created by Glen Ives' promotion to CEO on July 1, 2024. Merriman, who co-founded Merrison Technologies, (MTech) in 2013, brings extensive experience in technical leadership and customer relationship management. Under his leadership, MTech achieved 176% revenue growth over three years, joining the Inc. 5000 fastest-growing companies list in 2018. Castellum acquired MTech in August 2021. Merriman's appointment aligns with Castellum's focus on operational excellence and organic growth in serving federal government clients.
