Castellum, Inc. | December 27, 2021
Castellum, Inc. announces the signing of a letter-of-intent (LOI) to acquire an East-coast based government contractor generating over $4 million in annualized revenue. Subject to due diligence and the execution of a definitive purchase agreement, the Company hopes to close the acquisition in the first quarter of 2022.
“We are happy to announce our next LOI, which adds more than 25 employees and further strengthens our past performance by adding more capabilities in Information Warfare/Information Operations (IW/IO) serving the special operations community,” said Mark Fuller, President and CEO of Castellum. “Combined with some organic growth that we have seen recently; this accretive acquisition will push Castellum above the $40 million run-rate threshold. We also continue to look at other potential acquisitions.”
About Castellum, Inc.
Castellum, Inc. is a defense-oriented technology company which is executing strategic acquisitions in the cyber security, information technology and software, information warfare, and electronic warfare and engineering services space
Microsoft | August 04, 2020
In one of the crazier news stories (and in 2020, that is saying something), President Donald Trump said today during a media availability event that in order for the U.S. government to sign off on a potential Microsoft/TikTok deal, “a very substantial portion of that price is going to have to come into the Treasury of the United States,” based on my colleague Alex Wilhelm’s rough transcript.
Parsons Corporation | December 17, 2020
Parsons Corporation (NYSE: PSN) has been awarded another, competitive assignment request worth roughly $20 million under the organization's Global Application Research, Development, Engineering, and Maintenance (GARDEM) inconclusive conveyance/uncertain amount (IDIQ) contract with the Air Force Research Laboratory (AFRL).
The three-year agreement will uphold operationally engaged innovative work exercises for the U.S. Aviation based armed forces, Department of Defense, and Intelligence Community. This undertaking request is the fourth competitive offer Parsons has won on the GARDEM contract since 2019, adding up to $154 million.
"We're excited to continue partnering with the AFRL on discovering, developing and delivering innovative warfighting technologies that empower operations across the all-domain battlespace," said Hector Cuevas, executive vice president and general manager of Parsons' missile defense and C5ISR market. "Parsons' 20-year history of developing integrated, rapid, mission-ready software tools will provide fast, tailorable solutions to the end-user regardless of mission location."
Parsons will get equipment and programming, perform scientific examinations, framework practicality considers, framework plan, quick prototyping, programming improvement, and utilitarian test and assessment investigations. The organization's spry mentality, tradition of execution, and operational experience creating adaptable, tough programming frameworks will supplement AFRL's current programming and take into account resulting reuse and development.
About Parsons Corporation
Parsons (NYSE: PSN) is a leading disruptive technology provider in the global defense, intelligence, and critical infrastructure markets, with capabilities across cybersecurity, missile defense, space, connected infrastructure, and smart cities.