Defense Tech Signals · Capital vs. Contracts Open-source analysis · public data only Data as of Nov 8, 2026 · obligations refresh every other Monday
NatSec100 #9

Castelion

Recipient: CASTELION CORPORATION · UEI U56KN6TRS3K1

About $3.73 raised for every $1 obligated. 76% of it came through prime contracts.

Capital raised
$1.3B
Excludes $250.0M debt and credit
Federal obligations, FY2020–FY2026
$348.1M
Raised per $1 obligated
3.7×
Latest valuation
$13.0B
Series C, Aug 2026

Obligations by fiscal year

$M
0 FY20 0 FY21 0 FY22 3.5 FY23 18.7 FY24 75.9 FY25 250.0 FY26

Prime contracts Other Transactions Subawards

Contract mix

Prime contracts
$263.0M
Other Transactions
$85.1M
Subawards
$0

Notes

Funding
Approximate; excludes $250M credit facility
Obligations
Company cites >$500M in U.S. contracts; ~$348M found obligated

Cite this: Defense Tech Signals, "Capital vs. Contracts: Castelion," data as of 2026-11-08, https://data.defensetechsignals.com/c/castelion/.

Coverage: prime contracts, IDVs and grants (USAspending), direct Other Transactions (FPDS) and subawards received, FY2020–FY2026. Not included: consortium OTs, FY 2027 so far, loans and classified work. Capital raised: Compiled from announcements and press (Oct 2026). Obligations last refreshed 11/5/2026.