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 .
President Trump has formed the Super Intelligence Force to coordinate federal efforts to sustain U.S. leadership in super intelligence.
Exiger CEO Brandon Daniels has discussed the super intelligence governance principles AI leaders agreed on at a White House meeting.
Caputo joins the three-member panel that advises the president on the National Cancer Program, replacing Mitchel Berger.
Amy Gilliland is no longer with General Dynamics, and GDIT Chief Business Officer Paul Nedzbala has been named interim president.
Dynatrace acquired Arize for $915 million, including about $815 million in cash and replacement equity awards.
Ennis will be responsible for budgeting, accounting, program cost control, financial reporting, and financial planning and analysis.
Nuclear Fuel Services in Erwin, Tennessee, will make fuel for Navy submarines and carriers, with work set to wrap up…
The NASA logistics agreements run through GSA's OASIS+ vehicle, with a five-year base ordering period open through Sept. 30, 2031.
Adolf spent nearly six years in director roles at Serco and more than eight years at SRA International.
SAP NS2 has secured a seven-year, $903 million sole-source IDIQ contract from the Defense Logistics Agency for cloud services.
NIH and China's science ministry have barred applications substantially developed by AI, while European funders require disclosure.
Leidos has named AT&T COO Jeff McElfresh to its board of directors, which has expanded to 11 members with his…
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