Castellum JV Secures Spot on U.S. Navy $250 Million Logistics IT IDIQ
The award opens a multi‑year task‑order pipeline that could expand Castellum's Navy work only if the company wins competed task orders.
Overview
- Castellum’s joint venture CTM JV, LLC was named to the Navy’s LIIS CMDS multiple‑award IDIQ contract on Monday, June 15, 2026, giving the firm eligibility to bid on program task orders.
- The IDIQ vehicle carries a roughly $250 million total maximum ceiling and includes 59 selected companies that will compete for individual logistics IT task orders.
- Castellum says the placement strengthens its naval logistics IT, software engineering, and DevSecOps capabilities and fits a strategy to build a sustained pipeline of larger prime opportunities.
- Investors reacted immediately with Castellum shares surging about 51% in premarket trading, but any revenue depends on the company winning and executing later competed task orders.
- The contract covers Naval Maintenance, Repair and Overhaul, supply chain and product lifecycle management, a Logistics Integrated Data Environment, and integration and infrastructure delivered via a DevSecOps pipeline.