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Homeland Security

Tri-S Security Receives $5M in DHS, DoD Contracts

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Tri-S Security Corp. [TRIS] says its Paragon Systems subsidiary has received two five-year contracts valued at about $5 million total from the Departments of Defense and Homeland Security. Due to the nature of the work Tri-S says it can't disclose contract specifics. The combined awards are worth about $1 million annually. "These contracts were not part of our pipeline of bids and therefore a bonus we did not expect," says Ronald Farrell, CEO of Tri-S. "Both contracts have already started…

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