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U.S. Cyber Command Issues Parsons' Subsidiary Intent to Award for Joint Cyber Hunt Kit (JCHK) Production

MWN-AI** Summary

Sealing Technologies, a subsidiary of Parsons Corporation (NYSE: PSN), has received an Intent to Award notification from the United States Cyber Command (USCYBERCOM) for a sole-source contract to produce its Joint Cyber Hunt Kit (JCHK). This contract is valued at up to $500 million over a three-year period and marks a significant milestone for SealingTech, which has a longstanding partnership with the U.S. Department of War and the Defense Innovation Unit.

Since its acquisition by Parsons in 2023, SealingTech has focused on enhancing the company’s capabilities in cyber defense operations for both Defense and Intelligence sectors. Mike Kushin, President of Parsons’ Defense and Intelligence business, emphasized the company's commitment to developing advanced technologies that meet military needs and secure national interests.

SealingTech has established itself as a reliable partner over the past decade, having deployed over 500 Cyber Fly-Away Kits for critical missions. Jake Nelson, SealingTech’s VP and General Manager, expressed pride in the firm’s ability to innovate and deliver mission-ready solutions that provide tactical advantages to U.S. forces.

Parsons leverages decades of experience in cyber operations, integrating offensive and defensive capabilities with command and control and electronic warfare, aiming for operational superiority across multi-domain battlefields. The company is positioned to accelerate decision-making and offer transformative capabilities to defense agencies, ultimately enhancing mission readiness.

Overall, the contract represents not only a financial opportunity for SealingTech but also a testament to its role in advancing U.S. cybersecurity initiatives. As the technological landscape evolves, partnerships like this will be crucial in maintaining military efficacy and security in the digital age.

MWN-AI** Analysis

Parsons Corporation (NYSE: PSN), following its recent intent to award notification from U.S. Cyber Command for a sole-source contract to produce the Joint Cyber Hunt Kit (JCHK), presents an intriguing investment opportunity. The contract, valued up to $500 million, marks a pivotal moment for Sealing Technologies, a subsidiary of Parsons, as it not only showcases the firm’s commitment to enhancing national security but also highlights its expanding role in the defensive cyber operations landscape.

Investors should consider Parsons’ strategic maneuvering in acquiring SealingTech in 2023, enhancing its capabilities in cyber operations. With this contract, Parsons solidifies its position as a key player in defensive cybersecurity for the Department of Defense (DoD). The ongoing demand for advanced cyber solutions will likely bolster Parsons’ revenue growth over the contract’s duration.

However, while the award is promising, investors must remain cognizant of the inherent risks associated with government contracts. Factors such as dependence on long-term federal contracts, potential shifts in government spending priorities, and competition in the bidding process could impact performance. Additionally, the execution of the contract and the ability to deliver on complex technologies will be crucial.

Long-term investors may find Parsons a compelling addition to their portfolios, given the projected growth in the cybersecurity market, particularly within defense and intelligence sectors. Analysts project that defense spending, particularly in cyber capabilities, will increase significantly in light of evolving threats. The company’s ongoing commitment to innovation and collaboration with key government entities positions it well in a growing market.

In summary, while the contract presents opportunities, it is essential for investors to weigh them against the associated risks. A cautious approach is advised, considering both the potential for substantial revenue growth and the challenges of operating within the government contracting space.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: GlobeNewswire

CHANTILLY, Va., Feb. 18, 2026 (GLOBE NEWSWIRE) -- Sealing Technologies (SealingTech), a Parsons Corporation company (NYSE: PSN), and leading defensive cyber operations solution provider, received an Intent to Award notification from the United States Cyber Command (USCYBERCOM) for a sole-source contract to begin production on the company’s Joint Cyber Hunt Kit solution. The three-year period of performance contract is new work for the company with an anticipated ceiling value of up to $500 million.

This milestone represents a significant advancement in SealingTech’s ongoing efforts to support Department of War’s (DoW) Defense Innovation Unit (DIU) and USCYBERCOM in delivering cutting-edge defensive cyber technologies that enhance mission readiness and operational superiority. Parsons acquired SealingTech in 2023 to bolster the company’s full-spectrum cyber operations solutions for the Defense and Intelligence communities and advance its position as cyber leader in national security.

“Parsons is dedicated to providing exceptional, mission-ready solutions that enable the U.S. military to maintain its position as the world’s most formidable and lethal fighting force,” said Mike Kushin, President of Parsons’ Defense and Intelligence business. “The company’s acquisition of SealingTech, and their JCHK success demonstrates our combined vision to develop exquisite, agile technology that aligns with our customer’s needs and protects national security.”

SealingTech has supported the U.S. Department of War for more than a decade, establishing itself as a trusted delivery partner with more than 500 Cyber Fly-Away Kits deployed to U.S. defense and intelligence customers supporting high-visibility missions critical to national security.

“We're honored to continue collaborating with DIU and the United States Cyber Command to advance next-generation defensive cyber capabilities that strengthen the warfighter’s tactical advantage,” said Jake Nelson, SealingTech Vice President and General Manager. “At SealingTech, we take pride in being a trusted and reliable innovator, pushing the boundaries of what is possible in the cyber domain and delivering mission-ready solutions that set the standard for success across the Joint force.”

Parsons delivers full?spectrum cyber and national security solutions that empower the Department of War and the Intelligence Community to defend and advance mission objectives across land, sea, air, space, and cyberspace. With decades of experience in cyber operations, threat hunting, incident response, and AI?driven analytics, Parsons integrates offensive and defensive cyber capabilities with information operations and electronic warfare to provide decisive mission advantage. By unifying intelligence, analytics, command and control, and kinetic operations, Parsons accelerates decision?making and delivers transformative, mission?ready capabilities at the speed of relevance, ensuring resilience and superiority in complex multi?domain battlespaces.

For more information about Parsons national security solutions, please visit: https://www.parsons.com/national-security/.

About Parsons

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn to learn how we’re making an impact.

Forward-Looking Statements

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends, and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results, and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results, or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local, or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations, and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations, or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train, or retain employees with the requisite skills, experience, and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews, and investigations, which may result in materially adverse judgments, settlements, or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this presentation that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws.

Media Contact:
Bryce McDevitt        
+1.703.851.4425
Bryce.McDevitt@parsons.com

Investor Relations Contact:
Dave Spille
+ 1.571.655.8264
Dave.Spille@parsons.com


FAQ**

How does the acquisition of Sealing Technologies enhance Parsons Corporation PSN's capabilities in the competitive landscape of defensive cyber operations contracts?

The acquisition of Sealing Technologies enhances Parsons Corporation's capabilities in defensive cyber operations by expanding its technical expertise, strengthening its service offerings, and positioning the company as a more formidable competitor in securing government and commercial contracts.

What strategic advantages does Parsons Corporation PSN foresee in securing the sole-source contract with USCYBERCOM for the Joint Cyber Hunt Kit solution?

Parsons Corporation anticipates that securing the sole-source contract with USCYBERCOM for the Joint Cyber Hunt Kit solution will enhance its competitive positioning, drive innovation in cybersecurity capabilities, and strengthen its long-term partnership with the U.S. government.

What are the potential risks associated with government contracts that Parsons Corporation PSN needs to navigate as it embarks on this new three-year contract?

Parsons Corporation faces potential risks including regulatory compliance challenges, funding uncertainties, contract performance expectations, political shifts affecting government spending, and competition for future contracts as it embarks on the new three-year contract.

In what ways does Parsons Corporation PSN plan to leverage its existing relationships within the Department of War and Intelligence Community to further its market position in cyber solutions?

Parsons Corporation plans to leverage its existing relationships within the Department of War and the Intelligence Community by enhancing collaboration on innovative cyber solutions, capitalizing on trust and established networks to secure contracts and drive technological advancements.

**MWN-AI FAQ is based on asking OpenAI questions about Parsons Corporation (NYSE: PSN).

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