Triple Canopy Inc.

Triple Canopy Inc., a subsidiary of Constellis, LLC, is a Herndon, Virginia-based private security company delivering armed and unarmed protective security officer services, facility protection, dispatch and alarm monitoring, and specialized security operations to federal agencies as a prime contractor (100% of recent awards) across domestic and international locations. The company competes full-and-open without SBA set-asides, with a recent portfolio encompassing 525 awards worth $48.41 billion in combined potential value across 35 distinct federal customer agencies.

Customer concentration is pronounced and split between civilian and defense customers. The top five funding agencies account for 83% of recent awards by count and 91% by combined potential value. The Department of Homeland Security's Office of Procurement Operations leads by award count (356 awards, $7.84 billion combined potential value), reflecting Triple Canopy's incumbent position providing protective security officer services nationwide at federally-owned and leased facilities. However, dollar concentration shifts to State Department diplomatic missions: the Bureau of Diplomatic Security holds 26 awards worth $11.1 billion combined potential value, while the Department of State's Bureau of Near Eastern Affairs and Washington Headquarters Service each anchor multi-billion-dollar programs ($10.01 billion and $10.35 billion respectively). The Department of the Army Central Command ranks third by dollar value at $4.87 billion across 24 awards, reflecting Triple Canopy's substantial international armed security presence.

Triple Canopy's core capability footprint is security-intensive: NAICS classification shows 401 awards under Security Guards and Patrol Services, 73 under Security Systems Services, and 12 under Facilities Support Services. Recent representative work includes a $106.6 million delivery order from DHS for armed guard services at the St. Elizabeths Campus in Washington, DC (issued July 1, 2026, through June 30, 2029); a $1.346 billion delivery order from the State Department for Baghdad Movement Protective Services under Worldwide Protective Services III (issued February 27, 2022, through August 25, 2032); a $146.9 million delivery order from DHS for protective security officer services at the Federal Triangle Complex in Washington, DC (issued July 1, 2024, through March 31, 2027); and a $25.7 million definitive contract from Army Forces Command for armed security guard services in Israel (issued March 1, 2023, through September 25, 2027). SCI-reported invoicing across prime contracts totaled $1.69 billion from FY2022 through FY2025, with annual figures of $453.3 million (FY2022), $464.8 million (FY2023), $418.9 million (FY2024), and $351.9 million (FY2025), representing year-over-year decline in recent activity. Median government-paid hourly rates run around $48.39/hr, with senior and specialized labor ranging through $69.11/hr at the 90th percentile and entry-level positioning near $40.26/hr at the 10th percentile.

Triple Canopy holds several major indefinite delivery vehicles anchoring its federal footprint. The $3.1 billion multiple-award Armed Protective Security Officer Services contract with DHS Office of Procurement Operations (awarded January 1, 2024, through December 31, 2028) covers nationwide PSO services at federal facilities and generated at least 37 task orders under parent vehicle 70RFP421DE7000002. A $10.33 billion Global Protective Services multiple-award IDIQ with Washington Headquarters Service (awarded June 10, 2025, through June 10, 2035) serves as the company's largest vehicle by ceiling. A $145.2 million single-award Metro Philadelphia PSO contract (awarded October 1, 2022, through September 30, 2027) concentrates service delivery in the Philadelphia metropolitan area and remains a significant driver of recurring revenue. A $92 million single-award Federal Protective Service Public Safety Telecommunicator and Alarm Monitoring Services IDIQ (awarded August 1, 2024, through May 31, 2029) covers dispatch operations at Battle Creek, Michigan, and other FPS MegaCenters. The company also holds a $49,999,999.99 multiple-award Blanket Purchase Agreement with U.S. Army Europe and Africa for fixed and mobile armed/unarmed security guard services across the European Area of Responsibility (awarded August 19, 2024, through August 18, 2029) and a $25.7 million definitive contract for armed security in Israel under Army Forces Command.

Activity has declined over the past five years: awards per year dropped from 57 in 2022 to 13 through October 2026. SCI-reported FTEs fell from 3,799 in FY2022 to 2,269 in FY2025, reflecting a 40% contraction in reported federal services labor. Fourteen awards with combined potential value of $799.7 million face ultimate completion within the next twenty-four months, representing recompete exposure. Triple Canopy self-performs substantially all work on its prime contracts; SCI data shows an average sub-hours share of 1% across prime contracts, with only 18 named subcontractors reported across the entire prime footprint, positioning the company as a vertically integrated, self-delivery operator rather than a prime reliant on extensive teaming. The company's structure includes two named subsidiaries, Medical Response Partners, LLC, and Pontaris, LLC, the latter positioned potentially to diversify service offerings beyond core security operations. Obligated federal dollars total $7.14 billion against $48.41 billion in combined potential value (15% obligated), indicating substantial optionality and task-order-driven cash flow dependence on customer utilization of vehicle ceilings.