The $4M Navy subcontract is a modest but concrete revenue win that validates Castellum's defense software positioning. Monitor for additional contract awards or follow-on ADMACS phases that could scale this program. The Maxim conference presentation may provide further strategic commentary on growth pipeline.
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Executive Summary
Castellum, Inc. filed an 8-K announcing its subsidiary SSI won a $4 million U.S. Navy ADMACS modernization subcontract and that management will present at the Maxim Group Defense Tech conference. The Navy contract win is a modest positive for revenue visibility but represents only ~5.6% of the company's $71M market cap, making it a notable but not transformative event.
Key Facts
- Castellum subsidiary SSI awarded a $4 million directed subcontract to modernize the U.S. Navy's ADMACS system under SAIC's prime contract on the GSA ASTRO pool.
- SSI will serve as lead system integrator for a phased modernization including software modernization, containerization, DevSecOps, and automated testing.
- CEO Glen Ives to present at Maxim Group Defense Tech and Domestic Supply Chain Virtual Conference on June 25, 2026.
- The award expands Castellum's Navy software portfolio and strengthens its position in mission-critical defense systems.
Financial Impact
$4 million subcontract award; represents approximately 5.6% of Castellum's $71M market cap
Risk Factors
- Government contract awards are subject to budget appropriations and potential delays in federal funding.
- The $4M award is small relative to market cap and does not materially change the company's financial trajectory on its own.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001877939-26-000052 |
| Exhibit: exhibit992.htm | 0001877939-26-000052 |
| Exhibit: exhibit991.htm | 0001877939-26-000052 |
| Document: 0001877939-26-000052-index-headers.html | 0001877939-26-000052 |
| Document: 0001877939-26-000052-index.html | 0001877939-26-000052 |
| Document: 0001877939-26-000052.txt | 0001877939-26-000052 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 14d ago | 8-K | $0.5785 $0.5868 | ▲ +1.43% | ▲ +0.98% | $0.5137 (−11.20%) |
Jul 31, 2026 12w ago | 8-K | $0.7350 $0.6101 | ▼ −16.99% | ▼ −19.02% | $0.5137 (−30.11%) |
Jul 31, 2026 12w ago | Press Release | $0.7177 $0.6151 | ▼ −14.30% | ▼ −17.81% | $0.5137 (−28.42%) |
Jul 2, 2026 16w ago | 8-K | $0.6950 $0.6710 | ▼ −3.45% | ▼ −4.38% | $0.5137 (−26.09%) |
Jun 24, 2026 17w ago | 8-K | $0.7237 $0.7295 | ▲ +0.80% | ▼ −0.76% | $0.5137 (−29.02%) |
Jun 15, 2026 19w ago | Press Release | $0.7157 $0.7523 | ▲ +5.11% | ▲ +6.50% | $0.5137 (−28.22%) |
May 18, 2026 23w ago | 8-K | $0.6580 $0.8100 | ▲ +23.10% | ▲ +21.48% | $0.5137 (−21.93%) |
May 13, 2026 23w ago | 8-K | $0.6710 $0.6520 | ▼ −2.83% | ▼ −1.67% | $0.5137 (−23.44%) |
May 8, 2026 24w ago | Press Release | $0.7530 $0.6880 | ▼ −8.63% | ▼ −10.10% | $0.5137 (−31.78%) |
Apr 23, 2026 26w ago | 8-K | $0.6900 $0.6650 | ▼ −3.62% | ▼ −4.53% | $0.5137 (−25.55%) |
US Market Status
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