The GEO Group Secures 10-Year ICE Contract for Texas Immigration Facility
The GEO Group (NYSE: GEO) has announced that the City of Big Spring, Texas, has entered into a 10-year agreement with U.S. Immigration and Customs Enforcement (ICE). The contract involves activating a federal immigration processing center at the company's existing Big Spring Complex. The facility is capable of accommodating 2,329 beds, providing significant long-term capacity for federal immigration processing operations. This multi-year agreement provides predictable revenue streams for GEO Group through its specialized detention and processing services.
