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The GEO Group Awarded Contract by U.S. Immigration and Customs Enforcement for Provision of Skip Tracing Services

1. GEO's subsidiary BI received a contract from ICE for skip tracing services. 2. The contract could enhance revenue and operational capability for GEO.

Mass Contract
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$15.9812/22 07:05 AM EDTEvent Start
$15.9812/22 07:05 AM EDTLatest Updated
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FAQ

Why Bullish?

The contract with ICE signals increased demand for GEO's services, potentially boosting revenue similar to past contracts that positively affected stock prices.

How important is it?

The award of a significant contract by ICE indicates strong business prospects, likely impacting investor sentiment positively.

Why Short Term?

Immediate revenue generation from the contract is expected, as opposed to long-term strategic changes.

Related Companies

CXWCCA
BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today that its wholly-owned subsidiary, BI Incorporated (“BI”), has been awarded a contract by U.S. Immigration and Customs Enforcement (“ICE”) for the provision of skip tracing services. Skip tracing services entail enhanced location research with identifiable information, commercial data verification, and physical observation to verify current address information and investigate alternative a.

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