Castellum, Inc. Announces Creation of New Subsidiary to Focus on Advanced Technology Products

Core Viewpoint - Castellum, Inc. has announced the creation of a new wholly owned subsidiary, Castellum Advanced Technology Products, Inc. (CATP), aimed at enhancing its capabilities in advanced technology for federal government clients [1][4]. Group 1: Company Strategy - CATP will focus on collaborating with leading technology companies, developing technology internally, and potentially acquiring equity in companies with advanced technology that can be utilized by the Department of Defense [2]. - The establishment of CATP signifies a strategic shift for Castellum, allowing the company to have greater control over key products needed by its customers, thereby improving overall solutions for the warfighter [3][4]. Group 2: Financial Implications - The CEO of Castellum, Glen Ives, stated that the new subsidiary is expected to enhance revenue and operating margins by adding more value to the services provided to government clients [3].