24/7 Market News Snapshot 25 February, 2025 – Castellum, Inc. (NYSE:CTM)

February 25, 2025

DENVER, Colo., 25 February, 2025 (247marketnews.com) – (NYSE:CTM) are discussed in this article.
Castellum, Inc. (CTM) has demonstrated impressive market performance, opening today at $0.84 and reaching a current trading price of $0.918, which translates to an uptick of approximately 17.69%. This surge follows the preceding session’s closing price of $0.780, reflecting increased investor confidence in the company. Additionally, the trading volume has peaked at 5.39 million shares, highlighting significant market activity and interest in the stock. Technical analyses suggest potential resistance is positioned around $0.95, while support levels are estimated near $0.84, emphasizing the importance of monitoring these benchmarks alongside volume trends to gauge CTM’s prospective pricing trajectory.

Furthermore, Castellum has achieved a significant milestone with its subsidiary, Global Technology and Management Resources, Inc. (GTMR), being awarded a contract for the Special Compartmented Information Multiple Award Contract (SCI MAC) by the Naval Air Warfare Center – Aircraft Division (NAWCAD). Commencing on February 21, 2025, this unrestricted Indefinite Delivery Indefinite Quantity (IDIQ) contract carries a ceiling value of $249 million, aimed at supplementing NAWCAD’s essential mission operations. Through this agreement, both Castellum and GTMR are set to deliver crucial analytical, technical, and managerial support across various stages of the acquisition lifecycle, encompassing areas such as analysis, logistics, training, program management, and software development.

Glen Ives, President and CEO of Castellum, expressed that this contract marks a significant achievement for the CTM team, solidifying their role in supporting classified programs that enhance national security. As Castellum continues to broaden its influence within the government contracting arena, this contract win reflects its strategic readiness to adapt to the evolving demands of defense operations and capabilities.

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