Tri-S Security has announced that Paragon Systems, a subsidiary of Tri-S, has recently been awarded two new contracts. Total value of the contracts is estimated at approximately $5 million. Terms of the contracts are for 5 years and will average about $1 million per year. Because of the nature of the work, specific details cannot be disclosed except to say they are with the Department of Homeland Security and the Department of Defense.
According to Ronald G. Farrell, CEO of Tri-Security, "This work once again shows the government's confidence and belief in the quality and performance of Paragon Systems. These contracts were not part of our pipeline of bids and therefore a bonus we did not expect. Both contracts have already started and results will be seen immediately."