u/mounwp

After months of previous attempts to negotiate a peaceful transfer of ownership of the subreddit and being turned down repeatedly, we have officially taken over the largest Castellum subreddit. This is a significant moment for all of us investors alike, for every shareholder who supported this community, and for everyone else who was ever unfairly removed from this community.

The previous owner of this subreddit banned a combined 500 members from this forum. Users were removed because they disagreed with the owner, asked questions he didn't welcome, or simply existed as a presence he didn't want in a space he treated as his own platform. The first actions we took upon taking ownership was to restore access to every single one of those members. Every user removed in this subreddit has been welcomed back, and every user who was previously banned under any established rule during that period has also been unbanned. We understand that these users didn't deserve what happened, and we're committed to ensuring that never happens again.

With that being said, here's what this community will look like going forward:

Whether you just joined this community and have no idea what Castellum is, or you just purchased your first shares of the company and are still trying to learn about what the company does, or you've spent months like us pulling information and studying Castellum and its growth with due diligence, you have a place here in this community. The goal has always been a community where the experience level doesn't get to determine your worth here as a member. The users asking foundational questions today is often the person contributing towards actual real and sourceable analysis eventually, and therefore we believe in that progression and we intend to support it.

The standard of information in this community will be changing. When something is confirmed either through an SEC filing, a federal contract database, a press release, or any verified source, we will distinguish that from a thesis, or an educated read on a pattern we're tracking, or a connection we believe is real but hasn't been publicly confirmed yet. This distinction matters because your decisions should be based on understanding not just what the information says but how solid the ground under it actually is. The community is gaining a bigger platform at exactly the right time, the contracts are continuing to be known, and Castellum's fundamentals are growing for every shareholder to see. We want to make sure we stay on top of this information so that the community can make the best informed decisions possible.

This subreddit serves as an open forum for questions, discussion, and news sharing while our Discord server is where the deeper research conversations will continue to happen. You may feel free to use one, use both, or move between them depending on what you need on a given day. The rules governing both communities are synchronized as the standard we set should be consistent regardless of which platform you desire to be more active on. On the subject of rules, we have them and we will enforce them but we are not a community that aims to be heavy-handed with moderation. As long as users are conducting themselves appropriately with the rules we've established, we have no interest in nitpicking or over-enforcing rules. This is meant to be an open, productive space for investor discussion and we trust the community to carry itself accordingly. With that being said, we will always continue to enforce, without exception, respect among all members in this server as well as any inappropriate content posted. Any messages, media, or discussion deemed too suggestive, explicit, or otherwise inappropriate for this server will be removed, and we ask that members show professionalism. This is subject to moderator discretion as we tend to be more laxed with regards to mems and other related forms of content.

Over the coming weeks, more information will be posted in the interest of communicating more effectively about the company, what it does, and much more. We anticipate that the website re-design launch for Castellum will provide much more information about their products and technology, of which are hugely important and valuable to understand their scope of work. We appreciate everyone who has been a part of this community and we look forward to continuing to build something valuable here together.

Discord server: https://discord.gg/DPb65tYcT

HC1047-26-R-0015, Electromagnetic Spectrum (EMS) Services — Applied Engineering, Spectrum, and Electromagnetic Environmental Effects (E3) Engineering Analysis Support, is a contract which performs spectrum and E3 engineering to DoD. This contract has a ceiling of roughly $38.7 million, five-year base ordering period with the anticipated start date August 3, 2026

I can confirm that Peraton is the incumbent of the predecessor contract that was awarded, HC104721D0002, which they’ve held since 2021. That contract performance period has ended as of May 18, 2026. They’re bidding to win the recompete, and once they do, Corvus will continue to be a subcontractor to that award.

Also, based on my research, I think it is likely Corvus is actively working to be a subcontractor under the DOJ Civil Division 9/11 Victim Compensation Fund Modernization, 15JPSS24F00000502, held by Yudrio, Inc. with a $38.2 million contract value, awarded under GSA MAS five-year task order, Women-Owned Small Business set-aside. This is why the Instructional Designer job posting is important as the responsibilities enlisted directly link with this contract. Corvus is possibly looking to position as a subcontractor to Yudrio for the training and instructional design process of the myVCF rollout.

Corvus still has $28.9M ceiling remaining in its subcontractor award of $131 million, of which $103 million has already been paid.
https://www.highergov.com/subcontract/GS00Q14OADU117-47QFCA24F0006-PO-0058480/

The CTM Team is hard at work, and Corvus is another subsidiary they’re improving drastically. GTMR with the largest awarded contract in its history, SSI contracts to continue support systems engineering and development, and now Corvus as a highly valued subcontractor. Look very much forward to the next few quarters as Corvus continues to develop and grow as a crucial contributor to these projects.

Contract was awarded back on May 15th

Details:
“The purpose of this action is to award the task order cobra, and provide incremental funding to the task order. Work performed includes leveraging robust and emerging Modeling & Simulation (M&S) capabilities to enhance joint and partner national warfighter readiness, providing engineering support including operations planning and execution for S2SCJFSCC operations directorate (S3), and delivering program management and systems engineering such as design, development, and technical services for task coordination and execution on behalf of pma 251. Additional tasks include Earned Value Management (EVM) scheduling support services to the nawcadlke Support Equipment (SE) and aircraft launch and recovery (ALRE) cost and schedule analysis team, as well as program management and engineering services related to hardware and software across the aircraft launch and recovery equipment portfolio. The award also covers systems and software engineering, specifically expertise in rte.”

https://www.highergov.com/subcontract/47QFCA22D0337-47QFCA25F0032-P010297196/

I make this lengthy and comprehensive post in order to connect everything together and help people understand what Corvus Consulting is truly doing and why I feel, as an investor, most optimistic about their growth for the next several years. It is important that we as investors continue to make the best informed decisions based on facts and logic, and not through a manipulated stock price driven by former founders, algos, and shorts. The real measure of growth is the fundamentals, and they are growing very rapidly.

Before we get to the job postings we spoke about earlier, you need to understand what Peraton Labs actually is why their relationship with Corvus means what it means. Peraton is a $7 billion national security company. They operate at the most sensitive intersections of defense, intelligence, and cyber that exist in the U.S. government contracting ecosystem. The Department of Defense Chief Information Officer chose Peraton specficially to build OSCAR, an artifical-intelligence driven real-time spectrum management system across DoD field exercises globally with a permanent installation at Fort Huachuca. The DoD CIO chose Peraton again in January 2026 as a prime contractor under the Advanced Spectrum Coexistence Demonstration program to develop technology specficially designed to protect the spectrum bands that the Golden Dome depends on. Peraton is also the incumbent on DISA's EMS Applied Engineering contract covering technical advice on domestic and international spectrum matters. When the DoD CIO needs spectrum technology built and deployed at scale, they call Peraton; that relationship has been consistent and expanding for years, and will continue to expand for the next several years.

Now here is where Corvus enters the picture.

Corvus Consulting has a subcontract record under the $800M+ Army Cyber Command contract held by Peraton. One of the largest and most sensitive defense contractors in the country had chosen a company most people have never heard of to perform work, described as supporting Cyber and Electronic Warfare done at the Army Staff level. Castellum's 2024 annual report mentioned Peraton in one sentence: "An annual contract with Peraton, Inc. with multiple renewal option periods is a T&M contract the cyber and electronic warefare work done at the Army Staff level" I have used this statement to show you that there's been a relationship at play between the two companies for years. Then, the first tranche of $18.1 million was awarded to Corvus in April 2025. Then followed by the second tranche of $20 million in July, then the third tranche of $21.3 million in September, then the fourth tranche of $22.3 million in December, and now the fifth tranche that was awarded to Corvus on March 30. The March tranche landed on the last day of Q1 meaning Peraton pre-funded Corvus's work before the quarter even started. That is $103 million obligated across five consecutive quarters, with a $28.9 million ceiling remaining.

You don't escalate payments to a subcontractor for five straight quarters unless the customer on the other end keeps asking for more of the same capability and you keep turning to the same subcontractor to deliver on it. What Corvus has, specialized expertise at the intersection of electronic warfare, electromagnetic spectrum policy, and DoD CIO operations, is exactly what Peraton needs. The DoD CIO trusts Peraton with its most important spectrum missions. Peraton trusts Corvus with the specialized layer those missions consisted. To what extent does this relationship extend?

Castellum posted four different roles under Corvus Consulting. Two EW/EMSO Program Integration Leads at the Pentagon, and two contingent roles in Arlington. The Pentagon roles require TS/SCI and 10+ years at the service level. That combination already tells you something on its own. TS/SCI cleared professionals with a decade of Service-level experience are not easy to find, not cheap to recruit, and not worth pursuing unless the work is confirmed. The posting reads: "This position is located onsite at the Pentagon in direct support of a high-priority DoD mission" Corvus has personnel supporting the DoD CIO's EMSEPP Directorate, the office responsible for setting electromagnetic spectrum policy across the entire U.S. military.

To understand why that matters you have to understand what EMSEPP is actually dealing with right now. The Acting DoD CIO at the time in 2025 testified to the House Armed Services Committee that "the only way we can achieve Golden Dome right now is having the lower three of the spectrum." Golden Dome is Trump's homeland missile defense architecture and its entire detection and intercept capability depends on uncontested access to the 3.1 to 3.45 GHz band. If those bands get auctioned to commercial 5G operators or restricted through international treaty, the detection systems that feed Golden Dome suddenly go blind. EMSEPP has to fight that battle on two fronts simultaneously: domestically against telecom industry pressure to auction those bands, and internationally against adversaries who have been working ITU and WRC proceedings for years to constrain U.S. military spectrum access through regulatory mechanisms rather than kinetic means. Corvus personnel are inside that office running the response to that campaign.

Now look at the RF Engineer and Policy Analyst roles and the picture gets even clearer. Both posted on the same day, both of them at the same location and both with the same type of salaries. Both explicitly contingent on contract award. In government contracting, when you see two roles posted simultaneously at that level with identical contingency language, that means that the subcontractor, Corvus in this case, is preparing to execute on work that the prime, Peraton, is about to award them. The government communicates the award decision to the prime before the announcement, the prime tells the subcontractor, and the subcontractor starts recruiting because you have to build the workforce capable of executing on the awarded work.

The RF Engineer role names the mission directly: "DoD CIO Persistent Spectrum Monitoring Mission across global DoD environments" Persistent global DoD environments. Personally, based on my research, I believe this has to do with the long awaited Golden Dome project that we've been waiting on task orders for. This is an active, continuous, real-time operational mission, sensors distributed across every theather the U.S. military operates in, watching the electromagnetic spectrum around the clock, detecting jamming, interference, and adversary activity the moment it happens. The urgency behind that mission became impossible to ignore after Operation Epic Fury, when the Space Force admitted that U.S. space and electromagnetic capabilities were targeted and destroyed in combat for the first in American history. The direction of plans and programs said publicly in May that their capabilities were targeted and destroyed and that they expect that to happen more. The response was five new global Space Force EW tactical operations centers being built across the homeland and abroad. There is currently one in existence. Each new center needs persistent spectrum monitoring capability feeding it in real time. The RF Engineer Corvus posted for designs and maintains the RF architecture behind those capabilities.

The Policy Analyst is the other half of the same contract. ITU, WRC, CITEL, the international forums where the U.S. negotiates spectrum access at the policy level. WRC-27 preparation is active right now and the U.S. interagency process is building the positions that will be negotiated at the next WRC. Positions that determine whether the frequency bands the DoD's persistent monitoring sensors operate on remain protected under international or get carved up through regulatory process that adversaries have been deliberately manipulating. You cannot build a global spectrum monitoring network on frequencies your adversaries have successfully lobbied to restrict internationally. The RF Engineer builds the sensors, and the Policy Analyst protects the spectrum those sensors depend on.

My read is that Peraton is the prime on the award those two contingent roles are pointing to. That's the inference I can make right now based on my research and analysis but it makes sense if you've been following me: Peraton is the incumbent and the dominant company in DoD CIO and DISA spectrum engineering, so I believe they're the clear favorite to be awarded. And given the pattern of Peraton handing Corvus spectrum and EW work, the most probable outcome is that Corvus performs the specialized work as Peraton's subcontractor. Time will tell but I am certainly confident that Castellum will continue to go to work and deliver as it already is.

Yesterday, Castellum, through Corvus Consulting, posted a Policy Analyst - DoD/ITU role out of Arlington, VA. Full time, $165,000-$185,000, and right on the top it says:

CONTINGENT UPON CONTRACT AWARD

https://workforcenow.adp.com/mascsr/default/mdf/recruitment/recruitment.html?cid=244ae70f-13c8-4ab6-b68a-c2964191a80a&ccId=19000101_000001&lang=en_US&jobId=620974

This language suggests that Corvus has already submitted a bid on a specific government contract and is pre-positioning their workforce to mobilize immediately upon award. That action suggests they are confident that they are going to win whatever contract they bid on. The contract is in the pipeline, and the hire confirms it.

From my research, this analyst position sits at the intersection of international diplomacy, military spectrum operations, and national security supporting the U.S. government's positions in the forums where electromagnetic spectrum access gets won or lost. In this position, they will:

- Analyze ITU, WRC, and ITU-R Study Group proceedings for impacts to DoD operations, satellite communications, spectrum access, and national security

- Develop policy papers, decision memoranda, talking points, and leadership-ready presentations for senior government officials

- Coordinate across DoD, NTIA, FCC, Department of State, Combatant Commands, coalition partners, and international stakeholders

- Assess technical and policy tradeoffs involving spectrum, satellite systems, 5G/6G, non-terrestial networks, sensing, and interference protection

- Support U.S. preparation for ITU, WRC, and CITEL/PCC.II, the Inter-American regional telecommunications forum

- Serve as the subject matter expert translating complex spectrum issues into clear recommendations for decision-makers

This is an individual tasked with briefing senior leaders and shapes US government positions at international negotiating tables.

For some context:

The ITU is the UN agency that governs global telecommunications. Every frequency band used by military radar, GPS, satellite communications, and electronic warfare has to be protected through international agreements negotiated at the World Radiocommunication Conference, held every four years.

China and Russia don't just contest the spectrum on the battlefield. They contest it differently, showing up to ITU forums with coordinated delegations and technical proposals designated to erode US military spectrum access through treaty. The next WRC is WRC-27. This role specifically exists to make sure that the US government doesn't lose that fight at the negotiating table before a single shot is fired.

Corvus is getting to work. The subsidiary is simultaneously hiring EW/EMSO specialists supporting the EMSEPP Directoriate, the office that sets electromagnetic spectrum policy for the US military. The ITU/WRC contract is the layer sitting on top of the domestic and operational work Corvus is already executing. This is a deliberate, systematic build-out of a full-stack electromagnetic spectrum advisory practice covering each layer of how the government thinks about and operates in the spectrum domain.

The market is pricing this company like it has no pipeline, no strategic positioning, and no capabilities. What the job postings have been telling us for weeks now is Corvus is quietly constructing one of the most strategically relevant electromagnetic spectrum in the DoD contractor ecosystem. The people protecting spectrum access at international negotiating tables, shaping doctrine and policy at the Pentagon, and briefing senior leaders on decisions that determine whether US forces can communicate and operate in these environments, this is what Corvus aims to do.

It is difficult to locate this information about Corvus but when you dig deep, do the research, and analyze their moves through events like a job posting, you begin to understand how important their work truly is right now. What they are building is significant.

Hi Reddit community,

I'll be honest with you, it hasn't been easy holding through all the ups and downs. The war started, the price had dropped to a low of $0.45 for the year and a lot of people understandably got nervous. If you held from that point to where we're at now, then you can honestly call yourself a long term holder. I get it, nobody likes watching their position go red. But our community over at Discord made a decision early on that we weren't going to let short term price movement shake us out of a long term thesis, and I think today's update reflects that.

We just crossed 300+ members in the server, and I'm happy to say that collectively, as a community, we are holding over 5,060,000+ shares of $CTM.

That is 5.36% of the Total Shares Outstanding (94.6M), and 6.08% of the Share Float (83.2M).

I want you to really think about what that means. This isn't a hedge fund nor institutional money moving through the stock; this is regular people, people who found the company, who found the stock, did their research, and made a decision to hold conviction in Castellum. And together, without coordinating a single purchase, we've quietly accumulated over 6% of the float. That is a very significant milestone.

But that's just underselling it. A good number of members in the server still haven't shared how many shares they're holding. And that's before you even account for the people out there holding $CTM who don't even know this community exists yet. So if you're reading this and you're not in the server, come join us. Whether you're holding 100 shares of 100,000 shares, you belong here.

With the amount of fundamentals we have, $273M Backlog for multi-year contracted revenue visibility, $938M qualified pipeline, 16x their annual run rate, Debt free with $15.8M in cash, 23% year-over-year growth, not accounting for their upcoming accretive acquisition, and $219M in contracts that are set for the next 5 years with no recompetes, there is no stock right now trading at this price with these fundamentals. Glen challenged people during the shareholders meeting to locate them, but they can't be located because they simply don't exist!

https://discord.gg/jJRh62vKF

So I was going through Castellum's job postings from yesterday and noticed something I think is being overlooked. They dropped 7 new roles at once. Most of them make sense on the surface: software engineers, platform engineers, a scrum master. That's just them staffing up for the Navy contracts everyone already knows about through SSI.

But two of the job postings caught my eye: both EW/EMSO roles under Corvus Consulting, one of CTM's subsidiaries which has been relatively quiet for the past few months. The positions are supporting the DoD's CIO's EMSEPP Directorate at the Pentagon. For those who don't know, EMSEPP is basically the office that sets electromagnetic spectrum policy for the entire U.S. military. Things like EW strategy, spectrum operations, international regulatory forums.

Corvus isn't new to this. They have Frank Moglia, their DoD Chief Information Officer Strategic Plans and Policy lead, who has been embedded in that world for years. His most recent activity touches on exactly what these roles are being hired for: the need for combat commands to seriously address electromagnetic spectrum in modern warfare.
(https://www.linkedin.com/posts/frankmoglia\_latestnews-ew-activity-7448424014705766400-PXzQ)

That lines up with something Lt. Gen. Dan Caine said at his confirmation hearing for Chairman of the Joint Chiefs back in April. He told the Senate Armed Services Committee that the US military has lost EW muscle memory after two decades of uncontested warfare, that current training ranges are inadequate, and that the Pentagon needs to urgently reinvest in electromagnetic warfare capability. That's coming from the guy who is running the entire U.S. military.

(https://www.airandspaceforces.com/caine-us-electronic-warfare-skills/)

The reason I think these Corvus hires are funded work and not speculative is because both roles require TS/SCI clearance an 10+ years at the Service level or above. Nobody posts for that kind of talent without a contract behind it. The clearance pool is too small and expensive. What makes it interesting from an investment standpoint is that Castellum never press releases Corvus the way they do with SSI and GTMR. The $103.3M GTMR Contract, the $66.2M and $49.8M SSI contracts all examples. Corvus work quietly doesn't show up, you have to actually dig deep and do research to understand their nature of work. This part of the business has been growing in the background and almost nobody outside the company is tracking it.

Take a look at recent geopolitical developments:
- The Dutch frigate HNLMS De Ruyter and its embarked helicopter entered the airspace of the Paracel Islands in the South China Sea. China organized naval and air forces and took measures including verbal warnings and "warning electronic interference" to expel the ship. China rarely openly confirms the operational deployment of electronic warfare capabilities during real-time maritime confrontations with foreign military vessels.
- Russia has been jamming Ukrainian drones so aggressively so that GPS signals disappear, video feeds cut out, turning the electromagnetic spectrum into a weapon. Ukraine responded by switching to fiber-optic guided drones that can't be jammed, so Russia is arming their own drones with electronic defenses to survive Ukrainian jamming.
- US space capabilities were being targeted and destroyed for the first time during Operation Epic Fury. Now the Space Force is publicly admitting its capabilities were destroyed in combat and is rushing to build EW tactical operation centers in response

I've just pointed out three instances where electromagnetic spectrum operations are actively being used out in the field right now. Meanwhile, Corvus already has, and are actively hiring people to directly support the DoD CIO office responsible for shaping electromagnetic spectrum policy across the entire US military.

If you want more information and due diligence like this, feel free to join the discord server where we talk about these things and more in-depth:

https://discord.gg/9b9QujUbN

Just posting this here (lol) for more others interested in learning more about Castellum, talking about general market sentiment news, and other trades:

https://discord.gg/azVUMK5ef

Castellum, Inc. has announced that it has selected The Equity Group as its new investor relations company. The Equity Group is a premier IR firm that specializes in comprehensive, strategic IR and corporate communications for companies. The firm helped launch the modern practice of investor relations and financial communications, and is deeply-rooted in long-term client relations. The firm has several decades of investor access experience and a broad investment community network.

Here's examples of the work they've done:

1. Back in October 2020, Apollo Medical Holdings ($AMEH) was considred significantly undervalued and unnoticed. The Equity Group created a new investor presentation, managed a new corporate website, initiated quarterly earnings calls, drafted corporate announcements, introduced potential investors and analysts, and secured an active schedule of investor conferences and NDRs. They also helped attain analyst coverage and launched ApolloMed's inaugural ESG report.

Co-CEO's remarks about The Equity Group:
"When we engaged The Equity Group, we felt that ApolloMed was significantly undervalued and unnoticed. We wanted a substantial change to our investor relations strategy, with a partner willing to roll up their sleeves and jump into the trenches with the management team. In short order, our Equity Group team lead applied best-in-class investor relations expertise with a hands-on and tireless approach and provided the critical investor relations elements necessary to properly position us in the marketplace. The Equity Group helped us revamp and clarify our story with potential investors, many of which became shareholders. Less than nine months later, our shares had appreciated more than 5 times. The Equity Group has the rare ability to make each of their clients feel like they are their only client and continues to ensure the clear communication of the shareholder value creation at ApolloMed."

2. In July 2004, with just a market cap of just $25 million, no analyst coverage, and only two institutional holders owning less than 3% of shares, The Equity Group developed key investment messages, crafted quarterly earnings releases, built communications around two major acquisitions totaling nearly $500 million in transaction value, organized investor roadshows, and handled all IR administration. The market cap exceeded $2 billion, with 75% institutional ownership and coverage by D.A. Davidson and KeyBanc

Former Director and CFO:
"Having worked with The Equity Group in the past, I had no hesitation in again engaging the firm when Sterling needed to institute an investor relations program. As I had expected, Sterling has been very satisfied with the quality of the work, breadth of contacts, and the responsiveness of the firm. We expect to continue with The Equity Group and to expand its role as Sterling grows.

3. Limbach Holdings, a Mechanical Contracting group, started in 2016 with a $60M market cap with no analyst coverage, and by the end of 2023 the market cap reached $500 million, a 733% increase after The Equity Group built their full IR program from scrtch post-SPAC.

4. Axsys Technologies in Defense/Aerospace Optics started in 2004 at $13/share with 30% institutional ownership. The Equity Group grew institutional holdings to 59% and the stock ultimately reached $54/share when Axsys was acquired by General Dynamics

5. The Equity Group helped Tecnoglass complete a SPAC merger and become the first Columbia-headquartered company listed on the NASDAQ, with the stock appreciating 75% within two years

6. Two River Bancorp, which started at $7.75/share with $70 million market cap, had its institutional ownership increased from 23% to 40% and the market to $175 million before the company was acquired by OceanFirst at $20.79/share

Now that you have seen their past work, look forward to what is next with Castellum. All those months of reaching out to management has paid off, and they have indeed listened to us. Let's keep it going.