Castellum Wins Major Navy Recompete, Extends Growth Momentum

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2026.01.08 21:37
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Castellum's Specialty Systems, Inc. has been awarded a $49.8 million contract to provide software support and cyber engineering for the Naval Air Warfare Center. This marks Castellum's third consecutive award on this program and highlights a successful year, with $219 million secured in major Naval contracts. Despite challenges in profitability and cash flow, the company maintains a strong position in defense technology. Current analyst rating for CTM stock is a Hold with a $1.00 price target, reflecting mixed technical signals and valuation concerns.