U.S. Cyber Command Issues Parsons’ Subsidiary Intent to Award for Joint Cyber Hunt Kit (JCHK) Production
Rhea-AI Summary
Parsons (NYSE: PSN) subsidiary SealingTech received an Intent to Award from U.S. Cyber Command for a sole-source, three-year production contract with an anticipated ceiling up to $500 million to produce the Joint Cyber Hunt Kit (JCHK).
The contract is new work, follows Parsons' 2023 acquisition of SealingTech, and builds on SealingTech's record of deploying more than 500 Cyber Fly-Away Kits to U.S. defense and intelligence customers.
Positive
- Intent to Award for $500M ceiling over three years
- Sole-source selection for the Joint Cyber Hunt Kit production
- Parsons' 2023 acquisition strengthens cyber portfolio and scale
- SealingTech track record: >500 Cyber Fly-Away Kits deployed
Negative
- Intent to Award is not a finalized contract obligation
- Contract ceiling is up to $500M; actual funded value may be lower
Key Figures
Market Reality Check
Peers on Argus
Sector peers show mixed moves: EPAM -3.77%, KD +4.54%, G -0.37%, GDS -1.67%, EXLS +0.57%. With this dispersion and only one peer in the momentum scanner, PSN’s -3.11% move appears more stock-specific than sector-driven.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 13 | Conference participation | Neutral | +1.1% | Management presenting at Barclays industrial conference via webcast. |
| Feb 11 | Earnings release | Neutral | -14.2% | Q4 and FY25 results with lower revenue but record profitability. |
| Feb 10 | Defense contract win | Positive | +1.1% | $125M task order for DEVCOM Army Research Laboratory and HPC programs. |
| Feb 09 | Contract extension | Positive | +0.1% | $91M OSIS II extension supporting worldwide diplomatic mission security. |
| Feb 04 | Product deployment | Positive | +0.3% | Deployment of DroneArmor™ C-UAS system for U.S. southern border security. |
Recent contract and deployment wins have typically seen modest positive price reactions, while mixed earnings drew a sharp selloff.
Over the past weeks, Parsons has reported several notable developments. On Feb 10, it secured a $125M task order supporting Army research and advanced computing, and on Feb 9 it gained a $91M contract extension for the OSIS II diplomatic security program, part of a nearly $1.12B contract. A Feb 4 update highlighted DroneArmor™ deployment for U.S. border security. However, Q4/FY25 results on Feb 11 showed revenue declines despite record adjusted EBITDA, prompting a -14.19% reaction. Today’s large cyber-related award aligns with the recent string of federal and defense wins.
Market Pulse Summary
This announcement highlights an Intent to Award from U.S. Cyber Command for Parsons’ SealingTech subsidiary to produce Joint Cyber Hunt Kits under a three-year contract with an anticipated ceiling up to $500 million. It reinforces Parsons’ push into advanced defensive cyber solutions, building on earlier awards such as the $125M Army research task order and $91M OSIS II extension. Investors may watch how this opportunity converts into funded backlog, revenue mix between Federal Solutions and Critical Infrastructure, and future cyber-focused awards.
Key Terms
sole-source contract financial
defensive cyber operations technical
electronic warfare technical
ai‑driven analytics technical
AI-generated analysis. Not financial advice.
SealingTech, a Parsons company, was competitively selected for the
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
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
What did Parsons (PSN) announce about the JCHK contract on February 18, 2026?
Does the PSN JCHK Intent to Award mean Parsons has a guaranteed $500 million contract?
What is the expected period of performance for Parsons' (PSN) JCHK work with USCYBERCOM?
How does the SealingTech JCHK award affect Parsons' cyber capabilities (PSN)?
What operational track record did Parsons cite to support the JCHK award (PSN)?
Is the JCHK procurement for Parsons (PSN) sole-source or competitively awarded?
