GEO Group Announces Exercise Of Five-Year Option Period For Adelanto ICE Processing Center Contract, Through December 19, 2029
Portfolio Pulse from Nabaparna Bhattacharya
GEO Group has announced the exercise of a five-year option period for its contract with the Adelanto ICE Processing Center, extending the contract through December 19, 2029.
October 04, 2024 | 10:04 am
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GEO Group has secured a five-year extension for its contract with the Adelanto ICE Processing Center, ensuring continued revenue from this partnership until December 2029.
The extension of the contract with the Adelanto ICE Processing Center is significant for GEO Group as it ensures continued revenue from this partnership for the next five years. This stability is likely to positively impact investor sentiment and the stock price in the short term.
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