{"id":780538,"date":"2023-08-29T06:50:12","date_gmt":"2023-08-29T10:50:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/castellum-announces-the-award-of-a-3-million-contract-to-its-specialty-systems-inc-subsidiary\/"},"modified":"2023-08-29T06:50:12","modified_gmt":"2023-08-29T10:50:12","slug":"castellum-announces-the-award-of-a-3-million-contract-to-its-specialty-systems-inc-subsidiary","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/castellum-announces-the-award-of-a-3-million-contract-to-its-specialty-systems-inc-subsidiary\/","title":{"rendered":"Castellum Announces the Award of a $3 million Contract to its Specialty Systems, Inc. Subsidiary"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">POTOMAC, Md., Aug.  29, 2023  (GLOBE NEWSWIRE) &#8212; Castellum, Inc. (NYSE-American: CTM) (\u201cCastellum\u201d) announces that its <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=UMrDBy2Dr5e1XsM_q7sTRp6hAijpaO8LEE1lqMO7mS8yssERssZ_kaf10stg4sl1xFkVZTbin8cqCIMnG2wl6-QqjDiu9hKxZ7OAP1OtzzjU6t2xI_kReF93J-H1YiCOS2BzNFAJ8th3o7kp3qZoFQ==\" rel=\"nofollow noopener\" target=\"_blank\"><u>Specialty Systems, Inc. subsidiary<\/u><\/a> has been awarded a $3 million, 14-month U.S. Navy contract.<\/p>\n<p align=\"left\">With this contract, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=GNCL8oFdFcvNssDiX4_CUkPAhjPsgw-ie4Bot75kTR2bZj2TWzGjbMDQ9dnpJy2N5IjeAvuSMNs_WZJk0JKfCNu7jB7VkJkgcAjyvm297Yc=\" rel=\"nofollow noopener\" target=\"_blank\"><u>Castellum<\/u><\/a> furthers the commitment to its U.S. Navy mission.<\/p>\n<p align=\"left\">\u201cThis is an important contract award as it will permit us to support our U.S. Navy mission customer by maximizing the readiness of the forces as they address a multitude of global threats,\u201d said <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=JxychJJkPQ7MHbAgZTsHqZys6VP2PtgbZl5Aizq0OlGsd57z7_m6qWz-7X2P-4Prt8_QOnbvMvXQx1XdZ9rT6yJBE1bIJMy4m0Tzxq64_1U=\" rel=\"nofollow noopener\" target=\"_blank\"><u>Mark Fuller<\/u><\/a>, President and Chief Executive Officer of Castellum. \u201cWe are constantly looking for opportunities to leverage our expertise and past performance by creating new ways to support the national security imperatives of all the Castellum mission customers.\u201d<\/p>\n<p align=\"left\">\n        <strong>About Castellum, Inc.<\/strong>\n      <\/p>\n<p align=\"left\">Castellum, Inc. (NYSE-American: CTM)\u202fis a defense-oriented technology company, which is executing strategic acquisitions in the cyber security, information technology and software, information warfare, and electronic warfare\u00a0and engineering services\u00a0space &#8211; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=qT-WB7rU8q6ls5YwUgEbrfcqg9a_t_8ZXZhXjXj_RFb1wLWs5ak5TI_oqOLU6k40167D5a5d8z05cjaCkFYDo5Kdss4GI0waz41icYKlgSQ=\" rel=\"nofollow noopener\" target=\"_blank\">http:\/\/castellumus.com\/<\/a><\/p>\n<p align=\"left\">\n        <strong>Forward-Looking Statements:\u202f<\/strong>\n      <\/p>\n<p align=\"left\">This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent the Company\u2019s expectations or beliefs concerning future events and can generally be identified by the use of statements that include words such as \u201cestimate,\u201d \u201cproject,\u201d \u201cbelieve,\u201d \u201canticipate,\u201d \u201cshooting to,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cforesee,\u201d \u201clikely,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201cappears,\u201d \u201cgoal,\u201d \u201ctarget\u201d or similar words or phrases. Forward-looking statements include, but are not limited to, statements regarding the Company\u2019s expectations for revenue growth and new customer opportunities, improvements to cost structure, and profitability. These forward-looking statements are subject to risks, uncertainties, and other factors, many of which are outside of the Company\u2019s control, that could cause actual results to differ materially from the results expressed or implied in the forward-looking statements, including, among others: the Company\u2019s ability to compete against new and existing competitors; its ability to effectively integrate and grow its acquired companies; its ability to identify additional acquisition targets and close additional acquisitions; the impact on the Company\u2019s revenue due to a delay in the U.S. Congress approving a federal budget; and the Company\u2019s ability to maintain the listing of its common stock on the NYSE American LLC. For a more detailed description of these and other risk factors, please refer to the Company\u2019s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission (\u201cSEC\u201d) which can be viewed at www.sec.gov. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. The Company expressly disclaims any intent or obligation to update any of the forward-looking statements made in this release or in any of its SEC filings except as may be otherwise stated by the Company.<\/p>\n<p align=\"left\">Contact:<\/p>\n<p align=\"left\">Mark Fuller <br \/> President and Chief Executive Officer<br \/> Contact: info@castellumus.com<br \/> Phone: (301) 961-4895<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkxMjAzMSM1Nzg2MjA4IzUwMDA2NjY5NQ==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MDUxMjRjYmItMzExMS00NmZkLTg0M2MtMDMzNjM5MDE0ZTBmLTUwMDA2NjY5NQ==\/tiny\/Castellum-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>POTOMAC, Md., Aug. 29, 2023 (GLOBE NEWSWIRE) &#8212; Castellum, Inc. (NYSE-American: CTM) (\u201cCastellum\u201d) announces that its Specialty Systems, Inc. subsidiary has been awarded a $3 million, 14-month U.S. Navy contract. With this contract, Castellum furthers the commitment to its U.S. Navy mission. \u201cThis is an important contract award as it will permit us to support our U.S. Navy mission customer by maximizing the readiness of the forces as they address a multitude of global threats,\u201d said Mark Fuller, President and Chief Executive Officer of Castellum. \u201cWe are constantly looking for opportunities to leverage our expertise and past performance by creating new ways to support the national security imperatives of all the Castellum mission customers.\u201d About Castellum, Inc. Castellum, Inc. (NYSE-American: &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/castellum-announces-the-award-of-a-3-million-contract-to-its-specialty-systems-inc-subsidiary\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Castellum Announces the Award of a $3 million Contract to its Specialty Systems, Inc. Subsidiary&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-780538","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Castellum Announces the Award of a $3 million Contract to its Specialty Systems, Inc. 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With this contract, Castellum furthers the commitment to its U.S. Navy mission. \u201cThis is an important contract award as it will permit us to support our U.S. Navy mission customer by maximizing the readiness of the forces as they address a multitude of global threats,\u201d said Mark Fuller, President and Chief Executive Officer of Castellum. \u201cWe are constantly looking for opportunities to leverage our expertise and past performance by creating new ways to support the national security imperatives of all the Castellum mission customers.\u201d About Castellum, Inc. Castellum, Inc. (NYSE-American: &hellip; Continue reading &quot;Castellum Announces the Award of a $3 million Contract to its Specialty Systems, Inc. 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