Cycurion, Inc. (Nasdaq: CYCU) announced a 10-year contract valued at approximately $54.6 million, secured through a partnership with an unnamed top-five global consulting firm, according to a company press release.

The contract supports the modernization and secure operation of a Health and Human Services system for a state government agency. Work is scheduled to begin in November 2026, with expected annual revenue exceeding $5 million.

"This contract will play a major role in Cycurion's progression and expansion and reflects confidence in our ability to deliver secure, mission-critical solutions at scale," said L. Kevin Kelly, Chairman and CEO of Cycurion.

The McLean, Virginia-based company reported gross margin expansion to 21.1% in the first quarter of 2026, up from 17.5% in the same period a year earlier. Net loss narrowed to $2.1 million in the first quarter of 2026, compared with $5.1 million in the prior quarter. The company attributed the improvement partly to winding down lower-margin legacy contracts and an organizational realignment expected to generate more than $2.2 million in annual savings.

Cycurion completed its acquisition of Secuvant, LLC on June 2, 2026, which added the Panoptic threat and vulnerability visibility platform and the Cyber7 framework to the company's technology offerings.

The company also disclosed it is continuing to investigate potential market manipulation of its stock, following litigation hold letters sent to market makers and securities firms in April 2026 in connection with litigation against ACCESS Newswire Inc. and related parties.