Cycurion, Inc. (NASDAQ:CYCU) said it has entered into a partnership with a Fortune 500 company to deliver AI-based cybersecurity and application support services for a major U.S. government agency.
The agreement is structured as a multi-year contract with a minimum five-year term, according to a company press release. Cycurion expects its portion of the work to generate about $1 million in revenue during the first year, representing roughly 6.6% of the company’s trailing twelve-month revenue of $15.13 million.
Under the contract, Cycurion will provide expertise in artificial intelligence implementation, cybersecurity infrastructure and technical support services. The work will focus on assisting with application transition and delivery for the government agency.
“Partnering with a Fortune 500 company on this multi-year initiative to support a major government agency highlights the growing confidence in Cycurion’s integrated AI and cybersecurity capabilities,” said Kevin Kelly, Chairman and Chief Executive Officer of Cycurion.
The McLean, Virginia–based firm specializes in IT cybersecurity solutions and serves clients across government, healthcare and enterprise sectors through subsidiaries including Axxum Technologies LLC, Cloudburst Security LLC and Cycurion Innovation, Inc..
The company noted that the contract may expand beyond the initial $1 million value in future years.
The announcement comes amid volatility in Cycurion’s stock performance. Shares have climbed about 23% over the past week but remain down roughly 91% over the past year. The company currently has a market capitalization of approximately $7.11 million.
In separate developments, Cycurion said it recently secured two contracts in the public health sector expected to generate about $1.35 million in revenue by 2026. The company also announced plans to acquire a Washington, D.C.–based cybersecurity firm that could contribute an estimated $18 million in annual recurring revenue and is expected to be immediately accretive to earnings per share.
Cycurion also addressed a separate issue involving a press release that falsely claimed the company had entered into an acquisition agreement valued at more than $150 million. The company said the announcement was unauthorized and included a fabricated investor relations contact.
Meanwhile, Cycurion postponed a special shareholder meeting until March 19, 2026 after failing to reach a quorum, giving investors additional time to vote on a proposal related to a potential share issuance.
The company further disclosed that it identified Michael S. Emo as the individual behind anonymous social media accounts that had posted statements about Cycurion. The identification was made through court-ordered subpoenas and other investigative methods. Cycurion said these actions reflect its efforts to expand its operations while addressing misinformation about the company.