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The GEO Group Awarded 15-Year Contract by U.S. Immigration and Customs Enforcement for Company-Owned, 1,000-Bed Delaney Hall Facility in New Jersey

1. GEO secured a 15-year contract with ICE for a processing center. 2. Contract ensures exclusive use of Delaney Hall for immigration services.

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FAQ

Why Bullish?

This long-term contract with a government entity enhances revenue stability and growth potential. Historically, contracts like these have positively influenced similar companies by providing predictable cash flow and support for stock performance.

How important is it?

The awarded contract significantly strengthens GEO’s operational capacity for ICE, indicating future revenue opportunities and enhancing its market position, making it highly relevant to investors.

Why Long Term?

The contract spans 15 years, indicating a sustained revenue stream that can improve financial forecasts and investor confidence over an extended period.

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BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today that it has been awarded a 15-year, fixed-price contract by U.S. Immigration and Customs Enforcement (“ICE”) to provide support services for the establishment of a federal immigration processing center at the company-owned, 1,000-bed Delaney Hall Facility (the “Facility”) in Newark, New Jersey. GEO's support services include the exclusive use of the Facility by ICE, along with security, m.

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