Table of Contents Shares of Castellum (CTM) skyrocketed over 51% in Monday’s premarket session following the defense contractor’s disclosure that its joint venture entity had secured a competitive position on a U.S. Navy logistics information technology contract valued at up to $250 million. Castellum, Inc., CTM Officially designated as the Logistics IT Integration and Support Capability Modernization, Deployment, and Support Multiple Award Contract (LIIS CMDS MAC), this agreement operates under an IDIQ framework. Rather than receiving a guaranteed fixed payment, Castellum will bid on specific task orders released throughout the contract’s duration. $CTM
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