Nebulus

I'm not ready to just do a high-power microwave, but I don't wanna use a $4 million, uh, interceptor.

There are, there are, uh, contracts that are out right now, specifically five companies, CoAspire, Leidos, Anduril, Zone 5, and Castelian, are, are the five contracting companies right now that the DoD has contracted with and say, "I need this middle ground solution.

I need tens of thousands of these." Not trying to jump, like I said, from 620 to 2,000 or 96 to 400 for the THAAD system.

We're talking about I need thousands, tens of thousands.

So the, the lo- the, the short term, the primes are winning because they already have the production lines.

They are able to put these contracts directly into place, and they're pushing for it.

But that mid-grade, you know, think about three to five years, the scalability for the Andurils and the, uh, Castelians of the world to come in and grab that middle market as well is an area that the, the primes aren't looking to grab into too much, and they're allowing some of these tech dir- disruptors to do it.

But you're also seeing a lot of joint ventures as well across the board-

Lockheed has a solution.

I think Castelian has a s- like, there's lots of companies that have a solution.

Crossbow needed to test this thing in a threat representative environment, and, um, they engaged the Spaceport Company to f- to, to launch their, uh, Buckler test missile from our ship in the Gulf of America, and so we did that in July.

Um, it was, it was outstanding.

possible.Uh, we had the Undersecretary of Acquisitions, uh, and Sustainment for the Pentagon, Mike Duffy, on the show yesterday.

He actually name-dropped Castelian when he was talking about, you know, this need to get more missiles and munitions productions online, open the aperture in terms of who, um, the de- Defense Department is working with and what those types of deals look like moving forward.

So your thoughts?

Yes, I think the administration and the department are trying to clear the hurdles for new entrants such as ourselves by dropping some of the, the more bureaucratic processes.

...

in funding round in a very meaningful way.

How does it speak to investor appetite, growing investor appetite for this sector in a company like Castelian?

Well, I think it's a really exciting time for America.