The GEO Group Signs Contract Extension for the Continued Management of the Junee Correctional Centre in Australia
Geo Group Inc (The) REIT (GEO)
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Source: Business Wire
The Junee Correctional Centre is Currently Undergoing a 489-bed Expansion BOCA RATON, Fla.--(BUSINESS WIRE)-- The GEO Group, Inc. (NYSE:GEO) (“GEO”) announced today that its subsidiary, The GEO Group Australia Pty Ltd (“GEO Australia”) has signed a five-year contract extension with the State of New South Wales, Corrective Services for the continued management and expansion of the Junee Correctional Centre (the “Centre”). GEO Australia has managed the 790-bed Centre for over 25 years since its opening in 1993. The Centre is currently undergoing a 489-bed expansion project which will bring its total capacity to 1,279 beds during 2019. The five-year agreement will be effective from April 1, 2019 through March 31, 2024, with annual revenues of approximately $51 million. George C. Zoley, Chairman of the Board and Chief Executive Officer of GEO, said: “We appreciate the trust pl
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GEO
Earnings
- 2/15/24 - Beat
GEO
Sec Filings
- 4/24/24 - Form 8-K
- 4/18/24 - Form DEFA14A
- 4/16/24 - Form PX14A6G
- GEO's page on the SEC website