Paragon Systems Inc.

Paragon Systems Inc., doing business as Parasys, a large foreign-owned subsidiary of Swedish security conglomerate Securitas AB, provides armed and unarmed protective security officer services, background investigations, and security systems integration to the federal government as a prime contractor under full-and-open competition without small business set-asides. The company operates from Herndon, Virginia under NAICS 561612 (Protective Security Guard Services) and PSC code Housekeeping-Guard, competing across a portfolio of over $22 billion in combined potential value across 2,046 federal awards with minimal subcontractor engagement—averaging 1% of contractor hours subcontracted across SCI-reportable prime contracts.

Customer concentration heavily favors the Department of Homeland Security. DHS Office of Procurement Operations alone accounts for 1,159 awards ($13.31 billion combined potential value), representing nearly 80% of the top five customer ranking. DHS National Protection and Programs Directorate contributes 235 awards ($1.07 billion), and the Administrative Office of the U.S. Courts accounts for 139 awards ($1.36 billion). The remaining top-tier customers—DHS Chief Procurement Officer (68 awards, $93.5 million), Immigration and Customs Enforcement (44 awards, $116.8 million)—operate at significantly smaller scales. By potential value, DHS Office of Procurement Operations dominates at $13.31 billion (72% of total combined potential value), with the Administrative Office of the U.S. Courts second at $1.36 billion, and DHS National Protection and Programs Directorate third at $1.07 billion. This concentration underscores Paragon's role as DHS's primary vehicle for protective security officer staffing across federal facilities nationwide.

Paragon's vehicle portfolio is anchored by four major indefinite delivery contracts and one blanket purchase agreement totaling over $2.6 billion. The cornerstone vehicle—DHS's multiple-award Armed Protective Security Officer Services IDC valued at $2.95 billion with completion through October 2025 (subsequently extended, with a new vehicle awarded January 1, 2024, through October 31, 2025)—has generated 699 task orders ($2.14 billion combined potential value) under the parent vehicle designation Law Enforcement & Security Services. Paragon also holds single-award regional IDCs for Northern California PSO services ($189.6 million, completion April 30, 2026) and a DHS-issued BPA through the General Services Administration's Multiple Award Schedule for Strategic National Stockpile protective guard services ($94.1 million ceiling). A Department of Health and Human Services single-award BPA on the GSA Schedule for security guard services at the National Institutes of Health carries a $187.8 million ceiling through February 28, 2029. Additionally, Paragon holds a $4.0 billion multiple-award Naval Sea Systems Command Seaport-NXG contract (completion January 1, 2029) and an Administrative Office of the U.S. Courts indefinite delivery contract ($54.8 million, completion March 31, 2024) for court security officer services.

Recent activity demonstrates sustained federal demand but declining award volume—Paragon received 89 awards in 2022, declining to 63 awards in 2025 and 11 awards in 2026 year-to-date. This downward trajectory suggests potential recompete exposure or consolidation of existing vehicles. Within the next twenty-four months, six awards totaling $58.7 million in combined potential value face ultimate completion dates, representing near-term recompete risk. SCI-reportable invoicing declined from a FY2022 peak of $536.2 million (5,273 FTEs) to $654.7 million in FY2025 (5,404 FTEs after a FY2024 dip to $635.6 million / 5,826 FTEs), indicating modest revenue stability despite declining award counts. Government-paid hourly rates on SCI contracts ranged from a 10th percentile of $41.51/hr to a 90th percentile of $64.86/hr, with median rates at $50.91/hr, consistent with Paragon's GSA labor portfolio pricing ($40.91–$174.69/hr across 72 unique categories). Paragon's labor categories span Guard I roles (entry-level, $40.91/hr) through specialized positions such as Police Officer II and Project Manager roles ($128–$174/hr), with no security-clearance requirements across the portfolio.

Paragon operates as a self-performing prime contractor with minimal reliance on subcontractors. Prime awards account for 2,044 of 2,046 total awards (100%), with only two sub-awards in the source data. Across SCI-reportable contracts, subcontractors performed approximately 1% of contractor hours, indicating Paragon maintains internal staffing capacity to execute security operations directly rather than leveraging external teaming. Named subcontractors total 87 across prime contracts, reflecting opportunistic engagement rather than structural reliance. Recent sub-awards identified in the source include protective security and investigations work under Booz Allen Hamilton (November 2023) and IT network migration services under Distributed Computing System Solutions Provider, Inc. (April 2022), neither representing the primary business model.

Award composition is heavily concentrated in security guard services: 1,991 awards fall under NAICS Security Guards and Patrol Services, with 1,953 awards coded to PSC Housekeeping-Guard. A small tail of secondary work includes Security Systems Services (23 awards), administrative consulting (3 awards), engineering (2 awards), and custom programming (2 awards), indicating Paragon's federal portfolio remains almost entirely focused on personnel-based protective security delivery rather than systems integration or technology services. This specialization positions Paragon as a dominant but narrowly focused federal security contractor—well-positioned to win large-scale protective staffing task orders but exposed to consolidation risk or policy shifts in federal security procurement strategy.