GEO Group Secures Contract to Activate 1,868-Bed Federal Immigration Center in Georgia

Reuters

06/09

GEO Group Secures Contract to Activate 1,868-Bed Federal Immigration Center in Georgia

The GEO Group, Inc. has announced a new contract modification with U.S. Immigration and Customs Enforcement $(ICE)$ to activate a federal immigration processing center at its D. Ray James Facility in Folkston, Georgia. Effective June 6, 2025, this modification under the existing intergovernmental service agreement will enable the 1,868-bed facility to be exclusively used by ICE. This development is expected to generate approximately $66 million in additional annual revenue in its first full year of operation. The GEO Group will provide security, maintenance, food services, and access to recreational, medical, and legal services at the facility. George C. Zoley, Executive Chairman of GEO, emphasized the importance of this facility in supporting federal immigration processing needs and highlighted the company's longstanding partnership with ICE.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The GEO Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250608535895) on June 09, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The GEO Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250608535895) on June 09, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4084","symbol_name":"特種房地產投資信託","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250609:nNDL619VNs:1","article_id":"2542386999","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542386999","pubTimestamp":1749466519,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"The GEO Group, Inc. has announced a new contract modification with U.S. Immigration and Customs Enforcement  to activate a federal immigration processing center at its D. 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