Castellum (NYSE: CTM) has signed a letter of intent to purchase an East Coast government contractor with $10 million in estimated annual revenue.
“This transaction, should we be able to close it, would give us over a $54 million revenue run-rate and expand our scale and capabilities to serve our government clients,” Mark Fuller, president and CEO of Castellum, said in a statement released Monday.
The LOI is still subject to a period of due diligence and the execution of a definitive purchase agreement.
Bethesda, Maryland-based Castellum, which completed its uplisting to the New York Stock Exchange on Oct 13, is aiming to acquire the unnamed GovCon entity by the end of January for its seventh acquisition move.
The company acquired Lexington Solutions Group in April to expand information operations area capabilities and reported $11.1 million in fiscal year 2022 third quarter sales .
The new award follows earlier Longbow contracts for radar electronics, mast-mounted assemblies and Apache radar sustainment services.
Leidos will support an asset tracking system covering more than 80 million government property items across over 50 agencies.
AMERICAN SYSTEMS has secured a $113.4 million follow-on task order to support a Department of War customer's critical technology work.
Scolese led the National Reconnaissance Office from 2019 to 2026 and previously directed NASA’s Goddard Space Flight Center.
Lockheed's missile backlog reached $142.5 billion after a seven-year Patriot Advanced Capability-3 contract.
DHS has forecast a sole-source, 12-month follow-on BPA worth up to $100 million for identity, credential and access management support.
Proposals for the multiple-award vehicle are due Dec. 4 through the PIEE Solicitation Module.
Leidos will leverage capabilities from its Kudu Dynamics acquisition and its existing cybersecurity technologies to carry out the work.
A Cherokee Federal company has secured a $99.3 million Navy contract to sustain protective and life-support equipment for sailors.
Michael Teegardin, a former ASRC Federal executive and U.S. Army veteran, has joined Akima as VP of marketing and communications.
The small business RMAS contract carries a $1.5B ceiling, while the full-and-open PLS contract has a $6.09B ceiling over 10…
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