Castellum Wins $32.8 Million Contract Modification from NAVAIR
Castellum (CTM) announced that its subsidiary, GTMR Inc., has received a contract modification worth $32.8 million under an existing agreement with the U.S. Navy's Naval Air Systems Command (NAVAIR). The modification increases the total ceiling value of the original contract to $136.2 million. The cost-plus-fixed-fee order is part of NAVAIR’s PMA-290 program and involves technical and programmatic support for special missions. This type of funding structure allows for flexibility in managing costs while ensuring a fixed fee component, which can be beneficial during complex or evolving projects. This contract modification reflects continued confidence from the U.S. Navy in Castellum’s capabilities to deliver mission-critical services.
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