Jun. 13 at 1:54 PM
$CTM The Navy is the crown jewel of the entire
$CTM story. Most of the company’s massive
$273.3M backlog comes from major direct U.S. Navy prime contracts — not subcontract scraps.
The big drivers:
•
$103.3M NAVAIR contract supporting P-8A Poseidon ISR, cyber defense, and electronic warfare programs
•
$66.2M NAWCAD “full & open” win where CTM beat large defense contractors head-to-head
•
$49.8M EMALS/AAG contract supporting the advanced launch and recovery systems on Ford-class aircraft carriers
Combined, that’s over
$219M tied directly to long-term Navy programs with predictable multi-year revenue.
Management already linked the recent 23% revenue growth and 425% Adjusted EBITDA surge to the ramp-up of these Navy contracts. That’s the key — the cash flow is now starting to hit the balance sheet.
$CTM isn’t trading like a company with deep Navy exposure, cyber warfare ties, and growing AI/defense integration. That disconnect is what makes the setup interesting.
$IT $RCAT
