GEO Group signs ICE contract for immigration center in Michigan, stock up 2.84%

From Nasdaq: 2025-03-20 13:09:42

The GEO Group, Inc. signs contract with ICE to open 1,800-bed immigration processing center in Michigan. Long-term agreement expected to generate over $70 million annually. GEO will provide security, maintenance, food, medical care, legal access, and recreational amenities. Executive Chairman emphasizes facility’s support of federal immigration enforcement. GEO’s stock is up 2.84% on the NYSE, trading at $28.97.



Read more at Nasdaq: GEO Group Secures ICE Contract For Michigan Immigration Processing Center