The GEO Group Announces Contracts with Bureau of Prisons for Company-Owned North Lake, Michigan Correctional Facility and Reeves County, Texas Detention Centers I, II and III
Geo Group Inc (The) REIT (GEO)
Last geo group inc (the) reit earnings: 4/30 06:55 am
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Source: Business Wire
BOCA RATON, Fla.--(BUSINESS WIRE)-- The GEO Group (NYSE:GEO) (“GEO”) announced today that it has entered into a new ten-year contract, inclusive of renewal option periods, with the Federal Bureau of Prisons (“BOP”) for the reactivation of the existing company-owned, 1,800-bed North Lake Correctional Facility located in Baldwin, Michigan. The contract is expected to generate approximately $37 million in incremental annualized revenues for GEO. GEO also announced today that Reeves County, Texas has entered into two new ten-year contracts, inclusive of renewal periods, with the BOP for the county-owned, 1,800-bed Reeves County Detention Center I & II and the county-owned, 1,376-bed Reeves County Detention Center III. GEO provides management consulting and support services to Reeves County. The new ten-year contracts were awarded to GEO and Reeves County under a long-standing procurement, for the hou
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GEO
Earnings
- 2/15/24 - Beat
GEO
Sec Filings
- 4/18/24 - Form DEFA14A
- 4/16/24 - Form PX14A6G
- 4/9/24 - Form 4
- GEO's page on the SEC website