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Sealing Technologies Awarded Contract for Deployable Defensive Cyber Operations System - Modular Version 2 (DDS-Mv2) by U.S. Army

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Sealing Technologies (SealingTech), a Parsons company (NYSE: PSN), has been awarded a $9,588,231 fixed-price contract for the U.S. Army's Deployable Defensive Cyber Operations System – Modular version 2 (DDS-Mv2). The DDS-Mv2 is a customized deployable compute-and-data-storage system supporting Cyber Protection Teams' suite of Defensive Cyber Operations (DCO) platforms and tools.

The contract spans 1 base year with 2 one-year option periods. SealingTech's solution provides a highly modular and scalable system allowing warfighters to conduct DCO missions globally, offering robust performance, high scalability, and maximum portability. This award reinforces SealingTech's position as a leader in deploying advanced threat hunting and incident response systems for the Department of Defense.

Sealing Technologies (SealingTech), un'azienda di Parsons (NYSE: PSN), ha ricevuto un contratto a prezzo fisso di $9,588,231 per il Systema di Operazioni Difensive Cibernetiche Distribuibili – versione modulare 2 (DDS-Mv2) dell'Esercito degli Stati Uniti. Il DDS-Mv2 è un sistema personalizzato per il calcolo e l'archiviazione dei dati, progettato per supportare il gruppo di Cyber Protection Teams nelle loro operazioni difensive cibernetiche (DCO).

Il contratto dura 1 anno base con 2 opzioni di un anno. La soluzione di SealingTech offre un sistema altamente modulare e scalabile, consentendo ai combattenti di svolgere missioni DCO a livello globale, con prestazioni robuste, alta scalabilità e massima portabilità. Questo riconoscimento rafforza la posizione di SealingTech come leader nel dispiegamento di sistemi avanzati per la caccia a minacce e la risposta agli incidenti per il Dipartimento della Difesa.

Sealing Technologies (SealingTech), una empresa de Parsons (NYSE: PSN), ha sido contratada por un contrato a precio fijo de $9,588,231 para el Sistema de Operaciones Cibernéticas Defensivas Desplegables – versión modular 2 (DDS-Mv2) del Ejército de los Estados Unidos. El DDS-Mv2 es un sistema personalizado de computación y almacenamiento de datos que apoya al equipo de Cyber Protection Teams en sus operaciones cibernéticas defensivas (DCO).

El contrato tiene una duración de 1 año base con 2 periodos de opción de un año. La solución de SealingTech ofrece un sistema altamente modular y escalable que permite a los combatientes realizar misiones DCO a nivel global, ofreciendo un rendimiento robusto, alta escalabilidad y máxima portabilidad. Este galardón refuerza la posición de SealingTech como líder en el despliegue de sistemas avanzados de caza de amenazas y respuesta a incidentes para el Departamento de Defensa.

씰링 기술(SealingTech), 파슨스 회사(NYSE: PSN)에서 $9,588,231 고정가 계약을 체결하였습니다. 이번 계약은 미 육군의 배치 가능한 방어 사이버 작전 시스템 - 모듈형 버전 2 (DDS-Mv2)를 위한 것입니다. DDS-Mv2는 사이버 보호 팀의 방어 사이버 작전(DCO) 플랫폼 및 도구를 지원하는 맞춤형 배치 가능한 컴퓨팅 및 데이터 저장 시스템입니다.

계약 기간은 1년 기본 계약 및 2회의 1년 옵션 기간으로 구성되어 있습니다. 씰링테크의 솔루션은 전투원이 전 세계적으로 DCO 임무를 수행할 수 있도록 해주는 고도로 모듈화되고 확장 가능한 시스템을 제공합니다. 이는 강력한 성능, 높은 확장성 및 최대의 휴대성을 자랑합니다. 이번 수상은 국방부를 위한 첨단 위협 사냥 및 사고 대응 시스템을 배치하는 데 있어 씰링테크의 선도적인 위치를 강화합니다.

Sealing Technologies (SealingTech), une entreprise de Parsons (NYSE: PSN), a remporté un contrat à prix fixe de 9 588 231 $ pour le Système d’Opérations Cybernétiques Défensives Déployables – version modulaire 2 (DDS-Mv2) de l'Armée américaine. Le DDS-Mv2 est un système de calcul et de stockage de données déployable personnalisé, soutenant les Cyber Protection Teams dans leur suite d'outils et plates-formes d'Opérations Cybernétiques Défensives (DCO).

Le contrat couvre une année de base avec 2 options d'un an. La solution de SealingTech propose un système hautement modulaire et évolutif permettant aux soldats de mener des missions DCO à l'échelle mondiale, offrant des performances robustes, une grande évolutivité et une portabilité maximale. Cette distinction renforce la position de SealingTech en tant que leader dans le déploiement de systèmes avancés de chasse aux menaces et de réponse aux incidents pour le Département de la Défense.

Sealing Technologies (SealingTech), ein Unternehmen von Parsons (NYSE: PSN), erhielt einen Festpreisvertrag über 9.588.231 US-Dollar für das Deployable Defensive Cyber Operations System – Modulare Version 2 (DDS-Mv2) der US-Armee. Das DDS-Mv2 ist ein maßgeschneidertes, tragbares Computer- und Datenspeichersystem, das die Cyber Protection Teams bei ihren Plattformen und Werkzeugen für Defensive Cyber Operations (DCO) unterstützt.

Der Vertrag umfasst 1 Basisjahr mit 2 einjährigen Optionsperioden. Die Lösung von SealingTech bietet ein hochgradig modulares und skalierbares System, das es den Einsatzkräften ermöglicht, DCO-Missionen weltweit durchzuführen und dabei robuste Leistung, hohe Skalierbarkeit und maximale Portabilität zu bieten. Diese Auszeichnung stärkt die Position von SealingTech als führendes Unternehmen im Einsatz fortschrittlicher Bedrohungserkennungs- und Incident-Response-Systeme für das Verteidigungsministerium.

Positive
  • Awarded a $9,588,231 fixed-price contract by the U.S. Army
  • Contract includes 1 base year with 2 one-year option periods
  • Reinforces company's position as a leader in defensive cybersecurity solutions for the DoD
  • Provides highly modular and scalable solution for global DCO missions
Negative
  • None.

Insights

The $9,588,231 contract awarded to SealingTech for the U.S. Army's DDS-Mv2 program is a significant development in military cybersecurity. This system's modular and scalable design addresses critical needs for portability and adaptability in defensive cyber operations.

The emphasis on reduced form factor coupled with enhanced compute and storage capabilities suggests a leap in field-deployable cyber defense technology. This could potentially revolutionize how Cyber Protection Teams operate, allowing for more agile and responsive threat mitigation in diverse environments.

However, the true test will be in the system's real-world performance and ability to keep pace with rapidly evolving cyber threats. The 3-year potential contract duration indicates a long-term commitment, which could lead to further innovations and refinements in military cybersecurity solutions.

This contract represents a positive development for Sealing Technologies and its parent company, Parsons (NYSE: PSN). The $9,588,231 fixed-price contract provides a stable revenue stream over the base year, with potential for two additional years.

While the contract value may not significantly impact Parsons' overall financials given its size, it strengthens the company's position in the lucrative defense cybersecurity market. This could lead to future contract opportunities and enhance Parsons' reputation in the sector.

Investors should note that the fixed-price nature of the contract may pose some risk if project costs exceed estimates. However, SealingTech's expertise in this field suggests they've likely priced the contract appropriately. Overall, this news is moderately positive for Parsons 's stock outlook.

COLUMBIA, Md., Aug. 7, 2024 /PRNewswire/ -- Sealing Technologies (SealingTech), a Parsons Corporation company (NYSE: PSN), and leading provider of edge computing and defensive cybersecurity solutions, is proud to announce it has been awarded a $9,588,231 fixed-price contract for the U.S. Army's Deployable Defensive Cyber Operations System – Modular version 2 (DDS-Mv2).

SealingTech has been awarded a $9,588,231 fixed-price contract for the U.S. Army's DDS-Mv2.

The DDS-Mv2 program is a customized deployable compute-and-data-storage system that supports Cyber Protection Teams' suite of Defensive Cyber Operations (DCO) platforms and tools. The program provides a highly modular and scalable solution that allows the warfighter to conduct DCO missions anywhere in the world. Its reduced form factor and enhanced compute and storage provide robust performance, high scalability, and maximum portability—essential elements in maintaining positive control of the DDS-Mv2 while ensuring maximum functionality.

SealingTech has established itself as a leader in deploying advanced threat hunting and incident response systems for the Department of Defense (DoD). By providing these capabilities across various DoD sectors, SealingTech continues to demonstrate its expertise and commitment to enhancing national cybersecurity.

"We're honored to support the U.S. Army in advancing its cyber defense capabilities. SealingTech remains committed to helping the Federal Government and its armed forces continue to be proactive in its hunt forward operations to identify and neutralize cyber threats," says SealingTech CEO, Brandon Whalen.

Wade Saunders, SealingTech's Army Business Development Account Manager, adds "Our intent is to be a mission partner providing the Army Cyber Command's Cyber Protection Brigades innovative tailored capabilities to ensure overmatch over adversaries within the cyber domain."

The contract spans 1 base year with 2 one-year option periods. SealingTech's commitment to excellence and innovation will ensure the successful implementation and evolution of the DDS-Mv2 program, enhancing the cybersecurity profile of the U.S. Army.

About Sealing Technologies 

Sealing Technologies, a Parsons Company (NYSE: PSN), remains a trusted partner in providing powerful edge computing hardware and cybersecurity solutions to protect the federal government and private enterprises. Proudly veteran-founded, SealingTech uses vast cyberspace experience and knowledge to provide cutting-edge research, engineering, and integration services that support the United States and its allies. For more information, visit www.sealingtech.com.

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FAQ

What is the value of the contract awarded to Sealing Technologies (PSN) for the DDS-Mv2 program?

Sealing Technologies, a Parsons company (NYSE: PSN), has been awarded a $9,588,231 fixed-price contract for the U.S. Army's Deployable Defensive Cyber Operations System – Modular version 2 (DDS-Mv2) program.

What is the duration of the DDS-Mv2 contract awarded to Sealing Technologies (PSN)?

The contract awarded to Sealing Technologies (PSN) for the DDS-Mv2 program spans 1 base year with 2 one-year option periods.

What capabilities does the DDS-Mv2 system provide to the U.S. Army?

The DDS-Mv2 system provides a highly modular and scalable solution that allows warfighters to conduct Defensive Cyber Operations (DCO) missions anywhere in the world, offering robust performance, high scalability, and maximum portability.

How does the DDS-Mv2 contract impact Sealing Technologies' (PSN) position in the defense industry?

The DDS-Mv2 contract reinforces Sealing Technologies' (PSN) position as a leader in deploying advanced threat hunting and incident response systems for the Department of Defense, demonstrating its expertise and commitment to enhancing national cybersecurity.

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