Castellum, Inc.
(NYSE:CTM) shares are rocketing during Monday's premarket session after the company announced it won a significant contract from the United States Navy valued at approximately $250 million.
The contract will enable Castellum to provide a range of logistics IT services, enhancing its position in the defense sector.
The news is likely contributing to the stock's positive momentum as investors react to the potential for increased revenue and growth opportunities.
This award reflects the strength of Castellum's capabilities in naval logistics, IT and software engineering.
