financetom
Business
financetom
/
Business
/
Castellum Says Unit Awarded $103.3 Million Navy Contract
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Castellum Says Unit Awarded $103.3 Million Navy Contract
Feb 28, 2025 7:14 AM

09:40 AM EST, 02/28/2025 (MT Newswires) -- 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

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Paramount+ wins'South Park' library and new episodes after prolonged negotiations
Paramount+ wins'South Park' library and new episodes after prolonged negotiations
Jul 23, 2025
July 23 (Reuters) - Paramount Global ( PARAA ) has extended its partnership with South Park creators Trey Parker and Matt Stone for another five years, the company said on Wednesday. Under the new deal, Paramount will pay South Park Digital Studios, co-owned by the media giant and Park County, more than $1.25 billion, ranking it among the richest deals...
US refiners may see Q2 profit recover on stronger diesel margins 
US refiners may see Q2 profit recover on stronger diesel margins 
Jul 23, 2025
NEW YORK (Reuters) -Investors are expecting top U.S. refiners to report higher second-quarter profits, bouncing back from losses during the first three months of the year as unseasonably strong diesel margins boost earnings. Fuelmakers have reaped unexpected profits from producing key products in recent months, a respite after earnings slipped from record levels in 2022, when a recovery in demand following...
ServiceNow Q2 Results Expected to Beat Consensus on Core Offerings Strength, AI Initiatives, Truist Says
ServiceNow Q2 Results Expected to Beat Consensus on Core Offerings Strength, AI Initiatives, Truist Says
Jul 23, 2025
02:54 PM EDT, 07/23/2025 (MT Newswires) -- ServiceNow ( NOW ) Q2 results will beat consensus due to continued strength in its core offerings and artificial intelligence initiatives, but the company will give conservative guidance to manage macroeconomic uncertainty and a heavy Federal quarter ahead, Truist Securities said in a note on Wednesday. The Pro Plus stock keeping unit and...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved