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Castellum, Inc. Secures OASIS Unrestricted IDIQ Contract: A Game-Changer for Federal Contracting

Eli GrantMonday, Dec 23, 2024 6:55 am ET
2min read


Castellum, Inc. (NYSE-American: CTM), a leading cybersecurity, electronic warfare, and software engineering services company focused on the federal government, has secured a significant victory with the award of all four unrestricted domains in the One Acquisition Solution for Integrated Services Plus (OASIS+) contract. This strategic win positions Castellum to expand its support to federal customers and drive organic growth in the coming years.

The OASIS+ contract, a suite of government-wide, multi-award contracts designed to support federal agencies' procurement requirements for services-based solutions, has a potential ten-year performance period and no ceiling value. This indefinite delivery, indefinite quantity (IDIQ) contract represents a major opportunity for Castellum to generate stable, long-term revenue and pursue larger task orders without size limitations.

The awarded domains include intelligence services, technical and engineering, research and development, and management & advisory. These domains represent some of the most relevant and critically important needs and requirements across the federal government and for many of Castellum's current and future mission customers. The OASIS+ contract is a perfect fit for Castellum's strengths and capabilities, as the company's exceptional professionals bring world-class skills, talent, and experience specific to these domains.



The unrestricted designation of the OASIS+ contract enables Castellum to compete for larger task orders without size limitations, positioning the company to accelerate revenue growth beyond its current small business constraints. For a company with a market cap of $26 million, securing an unrestricted IDIQ contract of this scale could be a game-changing catalyst for growth. The unrestricted designation removes barriers to pursuing larger opportunities and positions Castellum to compete with larger federal contractors, driving potential multiple expansion as the market prices in enhanced growth potential.

The award across all four unrestricted domains significantly expands Castellum's addressable market within federal contracting. This contract win strategically positions Castellum in high-priority federal spending areas, particularly cybersecurity and electronic warfare, and creates a comprehensive contract portfolio that can capture opportunities across the full spectrum of federal requirements.

Castellum's President and Chief Executive Officer, Glen Ives, expressed his excitement about this major strategic win, stating, "Our Castellum team could not be more excited and inspired to learn of this major strategic win, the most important in Castellum’s history, and we are 100% prepped and energized to push full throttle and maximize the considerable potential OASIS+ unrestricted IDIQ contract represents."

In conclusion, Castellum, Inc.'s win of the OASIS+ unrestricted IDIQ contract is a significant milestone for the company, opening up new opportunities for growth and expansion within the federal contracting market. With a ten-year performance period and no ceiling value, this contract represents a substantial revenue generator for Castellum, positioning the company to compete with larger federal contractors and drive accelerated revenue growth. Investors should closely monitor Castellum's progress as it capitalizes on this strategic win and pursues its organic growth plans for the new year and beyond.
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