Cycurion, Inc. (NASDAQ:CYCU) shares are trading higher Wednesday after the company announced it has been awarded a five-year contract from a Fortune 500 firm to provide artificial intelligence-driven cybersecurity solutions and application transition to support a U.S. federal agency.

Secures Multi-Year AI Cybersecurity Contract

Cycurion said the agreement has a minimum five-year term, with its portion valued at approximately $1 million in the first year and potential for expansion in subsequent years.

The company noted that the partnership will deliver advanced AI-driven cybersecurity solutions and application transition and delivery services in support of a major U.S. government agency.

Through the collaboration, Cycurion will provide expertise across AI implementation, infrastructure cybersecurity and technical support, with its AI-driven methodology aimed at modernizing critical applications while reducing transition risks and improving accuracy and compliance.

Commenting on the agreement, CEO Kevin Kelly said, “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.”

The company said the multi-year structure establishes a foundation for future AI innovation and expanded cybersecurity services within the client's ecosystem.

Cycurion Shares Rise

CYCU Price Action: At the time of publication, Cycurion shares are trading 10.08% higher at $1.42, according to data from Benzinga Pro.

This illustration was generated using artificial intelligence via Midjourney.