GEO Group Wins 10-Year ICE Contract, Expects $140M Annual Revenue
The new management contract covers Tacoma’s 1,635-bed Northwest ICE Processing Center through Oct. 27, 2036, and is expected to generate approximately $140 million in annual revenue.
The GEO Group entered a new 10-year management contract for the 1,635-bed Northwest ICE Processing Center in Tacoma, expected to generate approximately $140M in annual revenues through Oct. 27, 2036.Material DetailsContext by AI AnalystThis is a mid-cycle confirmation of GEO’s reliance on long-term…