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Castellum Shares Surge 29% Following $66.2M Navy Contract for Cyber Support Services
Castellum, Inc. shares surged 29% after its subsidiary won a $66.2 million contract from the Naval Air Systems Command for critical cyber support services.
- Castellums subsidiary, Specialty Systems, Inc. (SSI), received a $66.2 million contract from the Naval Air Systems Command for five years of logistics, engineering, and cyber support services.
- The awarded contract supports the NAWCAD Lakehurst Mission Operations & Integration Department, enhancing Castellums role in the cybersecurity and software engineering sector.
- This contract marks Castellums first full and open procurement contract, which could lead to further opportunities within the defense sector.
Por Qué Es Relevante
This contract not only boosts Castellums financial outlook but also underscores the increasing demand for cybersecurity and engineering services within the defense industry, reflecting broader trends in national security investments.