Castellum Says Unit Awarded $103.3 Million Navy Contract

MT Newswires Live
02-28

Castellum (CTM) said Friday its Global Technology and Management Resources unit was awarded a $103.3 million, five-and-a-half-year contract to support the Naval Air Systems Command's special missions program.

The company said it will provide engineering, logistics, training, and acquisition support for intelligence, surveillance, reconnaissance, and targeting programs.

The contract, the largest in the company's history, is set to begin next month, Castellum said.

Castellum shares were 10% higher in recent trading.

Price: 1.09, Change: +0.16, Percent Change: +16.67

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