SealingTech Awarded Contract Modification for Joint Cyber Hunt Kit Prototype Continuation

1. SealingTech, a PSN subsidiary, received a contract modification from DoW. 2. The contract involves training, accreditation, and additional procurement for cyber solutions. 3. SealingTech has over 500 Cyber Fly-Away Kits supporting national security missions. 4. This milestone enhances interoperability and operational effectiveness for U.S. Cyber Command. 5. SealingTech's solutions aim to increase tactical advantages for military operations.

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Why Bullish?

The contract modification indicates growing demand for cybersecurity solutions, favoring PSN's prospects. Historical examples show similar contracts often lead to positive financial performance.

How important is it?

The news is crucial as it highlights SealingTech's ongoing commitments and capabilities, which directly support PSN's market position.

Why Long Term?

The ongoing partnership and growth in defense contracts suggest sustainable revenue streams for PSN. Long-term defense contracts typically result in stable cash flows.

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Sealing Technologies Receives Contract Modification for Cyber Hunt Kit Prototype

Sealing Technologies (SealingTech), a subsidiary of Parsons Corporation (NYSE: PSN), has been awarded a significant contract modification by the Department of War's (DoW) Defense Innovation Unit (DIU). This modification aims to enhance the company's Joint Cyber Hunt Kit (JCHK) prototype by focusing on accreditation, training, testing, and further procurement, highlighting SealingTech's commitment to developing advanced defensive cyber operations solutions.

Enhancing Cyber Capabilities for U.S. and U.K. Forces

The ongoing development of the JCHK is a collaborative effort designed to support both the United States Cyber Command and the United Kingdom's Joint Defensive Cyber Unit. Jake Nelson, Vice President and General Manager of SealingTech, expressed pride in their partnership, stating, "We're honored to continue collaborating with DIU and United States Cyber Command on next generation defensive cyber capabilities that will increase the warfighter's tactical advantage."

Nelson emphasized that SealingTech strives to push the boundaries of what's achievable within the cyber domain, aiming to deliver mission-ready solutions that consistently set industry standards.

Key Insights from U.S. Cyber Command Leadership

Khoi Nguyen, Command Acquisition Executive (CAE) and Director for the Cyber Acquisition and Technology Directorate (J9) at U.S. Cyber Command, commented on the importance of this milestone. He noted, "This milestone brings us one step closer to delivering the JCHK solution to our cyber warfighter. It is a critical part of our commitment to enhancing interoperability, streamlining training, and improving operational effectiveness across the force."

SealingTech's Legacy in Cyber Operations

With over a decade of support to the U.S. Department of War, SealingTech has established a reputation as a trusted partner in the defense sector. The company has successfully deployed more than 500 Cyber Fly-Away Kits to U.S. defense and intelligence customers, facilitating high-visibility missions that are vital to national security.

About Sealing Technologies and Their Offerings

Sealing Technologies (SealingTech), part of Parsons Corporation (NYSE: PSN), is recognized for delivering powerful edge computing hardware and cybersecurity solutions aimed at safeguarding the federal government and private enterprises. Founded by veterans, SealingTech combines extensive cyberspace experience with innovative research, engineering, and integration services, supporting the U.S. and its allies.

To learn more about SealingTech's Cyber Hunt Kits and their capabilities, please visit sealingtech.com/missionsuccess.