GEO Group Enters Five-Year Support Services Contract With ICE

MT Newswires Live

07/29

GEO Group (GEO) said Wednesday it has entered into a five-year support services contract for the activation of a federal immigration processing center at the 1,320-bed Rivers facility in Winton, North Carolina.

The support services contract with US Immigration and Customs Enforcement is expected to generate revenue of about $80 million annually in the first full year of operations, the company said.

Price: 30.60, Change: -0.14, Percent Change: -0.46

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