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GlobeNewswire·

Castellum, Inc. Announces the Award of a $49.8 Million Recompete Contract to its SSI Subsidiary

  • Castellum, Inc. (NYSE-American: CTM) subsidiary Specialty Systems, Inc. (SSI) was re-awarded a $49.8 million, five-and-a-half-year contract for Software Support Activities (SSA) at the Naval Air Warfare Center Aircraft Division (NAWCAD) Lakehurst.
  • The NAWCAD Lakehurst contract represents SSI's third win & second successful recompete for this specific support, marking the fourth-largest contract award in Castellum's history.
  • Under the agreement, SSI will provide SSA & cyber engineering for mission-critical Naval systems including the Electromagnetic Aircraft Launch System, Advanced Arresting Gear, Advanced Recovery Control, Landing Aid Systems, & ALRE Information Systems.
  • This award completes Castellum's "Big 3" prime contract goals for the year, contributing to over $219 million in total major prime contract wins.
  • The three major wins included a $103.3 million contract for Special Missions support (March), a $66.2 million contract for logistics & cyber support (September), & the $49.8 million NAWCAD Lakehurst SSA contract (December).
  • Robert Swigon, VP of Operations for NAWCAD Lakehurst at Castellum, cited the win as a reflection of consistent execution, deep domain expertise, & trust earned from the technical team.
  • CEO Glen Ives stated the company is positioned for continued strong growth & success with a healthy balance sheet & a dedicated team ready to support national security mission customers.
  • The press release includes a cautionary statement regarding forward-looking statements & potential risks such as federal budget delays, government shutdowns, & the potential impact of the DOGE Service Temporary Organization on government spending.