Author: Jane Edwards|| Date Published: April 27, 2023
Investment bank EF Hutton has started research coverage of Castellum (NYSE-American: CTM) and issued a “Buy” rating to the electronic warfare and cybersecurity services provider.
Mark Fuller, president and CEO of Castellum, said in a statement published Wednesday the company hopes to generate more coverage from other analysts as investors become more aware of Castellum.
“Our focus remains on continuing to grow our business aggressively via both organic growth and acquisition to exceed the forecasted numbers which EF Hutton included in their report,” he noted.
Fuller added that Castellum is in talks with other companies about potential deals and is exploring several growth opportunities that it hopes to convert into revenue in 2023.
In October, Castellum started trading on the NYSE American Exchange with EF Hutton serving as its sole book-running manager for the public offering of its common stock.
The Naval Information Warfare Center Pacific is soliciting proposals for the development and fielding of intelligence, surveillance and reconnaissance systems…
The Department of War is accelerating its push into unmanned systems, moving beyond experimentation toward large-scale production, streamlined acquisition and…
BAE Systems has received a $117.7 million contract modification from the U.S. Navy to support depot-level modernization, maintenance and repair of USS…
Advanced wireless infrastructure is becoming as strategically important as artificial intelligence in modern defense operations 5G standalone enables network slicing,…
