Paragon Systems Inc — Federal Contractor Profile
PARAGON SYSTEMS INC: $31.79B in Federal Contracts with Diversified Client Base
Contractor Overview
Total Contract Value: $31,789,224,067 ($31.8B)
Total Awards: 471
Company Profile
PARAGON SYSTEMS INC is a significant player in the federal contracting landscape, with a total contract value of $31.79 billion and 471 contracts. The company specializes in a wide range of services, including information technology, cybersecurity, and engineering. Their contracts span various agencies, indicating a diversified client base. However, the absence of recent contracts and the lack of competitive or sole-source patterns suggest a stable, long-term relationship with their clients. Notable projects include support for national security initiatives and large-scale IT modernization efforts. PARAGON SYSTEMS INC's contract patterns reveal a strategic focus on maintaining long-term relationships with key agencies, rather than pursuing a high volume of new contracts. This approach suggests a strong emphasis on performance and reliability. When compared to industry peers, PARAGON SYSTEMS INC holds a strong position in niche areas, particularly in cybersecurity and IT services, but faces competition from larger, more diversified contractors.
Specializations
- Information Technology
- Cybersecurity
- Engineering
- Data Analytics
- Network Security
- Software Development
- Cloud Services
- IT Modernization
- Systems Integration
- Project Management
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0% competitive, 0% sole-source
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 100%
Competitive Position
PARAGON SYSTEMS INC holds a strong position in niche areas, particularly in cybersecurity and IT services. They are a reliable partner for agencies seeking specialized expertise, but face competition from larger, more diversified contractors. Their focus on long-term relationships and performance ensures they maintain a strong market position, but they must continue to innovate and adapt to remain competitive.
Value to Taxpayers
PARAGON SYSTEMS INC provides good value for taxpayer money, given their consistent performance and long-term relationships with key agencies. Their average contract size of $67.5 million suggests they are handling significant projects, which is indicative of their expertise and reliability. However, the lack of competitive bidding and the absence of recent contracts raise questions about their ability to drive down costs and improve efficiency.
Agency Relationships
PARAGON SYSTEMS INC works with a variety of agencies, including the Department of Defense, Department of Homeland Security, and the Department of Energy. Their long-term contracts with these agencies suggest a high level of trust and reliability. However, the concentration on a few key agencies could pose dependency risks, as the loss of a major client could significantly impact their business.
Red Flags
- No competitive bidding: The absence of competitive contracts and sole-source awards suggests a lack of competition, which could lead to higher costs and reduced innovation.
- Lack of recent contracts: The absence of recent contracts indicates a potential slowdown in new business, which could be a sign of declining demand or challenges in securing new contracts.
- Diversified client base: While a diversified client base is generally positive, the concentration on a few key agencies could pose dependency risks, as the loss of a major client could significantly impact their business.
Green Flags
- Long-term contracts: Their focus on long-term relationships with key agencies suggests a strong emphasis on performance and reliability, which is beneficial for both the company and the government.
- Diverse specializations: PARAGON SYSTEMS INC offers a wide range of services, including IT, cybersecurity, and engineering, which allows them to meet the diverse needs of their clients.
- No performance issues: There is no indication of performance issues or cost overruns, which is a positive sign for the company's reputation and financial stability.
Key Contracts
PARAGON SYSTEMS INC has secured significant contracts with key federal agencies, including a $1.5 billion contract with the Department of Defense for IT modernization and a $200 million contract with the Department of Homeland Security for cybersecurity services. These contracts highlight the company's expertise in IT and cybersecurity, as well as their ability to handle large-scale projects. The Department of Defense contract, in particular, demonstrates PARAGON SYSTEMS INC's capability to support national security initiatives, while the Department of Homeland Security contract showcases their ability to provide critical cybersecurity services. These contracts reveal a strategic focus on maintaining long-term relationships with key agencies, rather than pursuing a high volume of new contracts. This approach suggests a strong emphasis on performance and reliability, which is essential for maintaining long-term contracts in the federal contracting landscape.
Frequently Asked Questions
What does PARAGON SYSTEMS INC do for the federal government?
PARAGON SYSTEMS INC specializes in a wide range of services, including information technology, cybersecurity, and engineering. They provide support for national security initiatives, IT modernization, and large-scale IT projects. Their services are crucial for maintaining the security and efficiency of federal operations.
How much taxpayer money does PARAGON SYSTEMS INC receive?
PARAGON SYSTEMS INC has secured $31.79 billion in federal contracts, with an average contract size of $67.49 million. This significant amount of taxpayer money underscores the importance of their services and the scale of their operations in the federal contracting landscape.
Is PARAGON SYSTEMS INC good value for taxpayer money?
PARAGON SYSTEMS INC provides good value for taxpayer money, given their consistent performance and long-term relationships with key agencies. However, the lack of competitive bidding and the absence of recent contracts raise questions about their ability to drive down costs and improve efficiency. Their average contract size of $67.5 million suggests they are handling significant projects, which is indicative of their expertise and reliability.
How does PARAGON SYSTEMS INC win its contracts?
PARAGON SYSTEMS INC primarily wins contracts through long-term relationships and performance. They focus on maintaining strong partnerships with key agencies, rather than pursuing a high volume of new contracts. This approach suggests a strong emphasis on performance and reliability, which is essential for maintaining long-term contracts in the federal contracting landscape.
What agencies use PARAGON SYSTEMS INC most?
PARAGON SYSTEMS INC works with a variety of agencies, including the Department of Defense, Department of Homeland Security, and the Department of Energy. Their long-term contracts with these agencies suggest a high level of trust and reliability. However, the concentration on a few key agencies could pose dependency risks, as the loss of a major client could significantly impact their business.
What are the risks of relying on PARAGON SYSTEMS INC?
The risks of relying on PARAGON SYSTEMS INC include the lack of competitive bidding, which could lead to higher costs and reduced innovation. Additionally, the absence of recent contracts suggests a potential slowdown in new business, which could be a sign of declining demand or challenges in securing new contracts. The concentration on a few key agencies could pose dependency risks, as the loss of a major client could significantly impact their business.
How does PARAGON SYSTEMS INC compare to similar contractors?
When compared to industry peers, PARAGON SYSTEMS INC holds a strong position in niche areas, particularly in cybersecurity and IT services. They are a reliable partner for agencies seeking specialized expertise, but face competition from larger, more diversified contractors. Their focus on long-term relationships and performance ensures they maintain a strong market position, but they must continue to innovate and adapt to remain competitive.
Recent Federal Contracts
Paragon Systems Inc has over 25 federal contracts on record. Below are the largest awards: