{"id":860660,"date":"2025-06-16T06:58:10","date_gmt":"2025-06-16T10:58:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/the-geo-group-announces-new-five-year-contract-with-u-s-marshals-service-for-secure-transportation-services\/"},"modified":"2025-06-16T06:58:10","modified_gmt":"2025-06-16T10:58:10","slug":"the-geo-group-announces-new-five-year-contract-with-u-s-marshals-service-for-secure-transportation-services","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-geo-group-announces-new-five-year-contract-with-u-s-marshals-service-for-secure-transportation-services\/","title":{"rendered":"The GEO Group Announces New Five-Year Contract With U.S. Marshals Service for Secure Transportation Services"},"content":{"rendered":"

<\/p>\n

\n\u00a0The GEO Group Announces New Five-Year Contract With U.S. Marshals Service for Secure Transportation Services<\/b><\/p>\n

BOCA RATON, Fla.–(BUSINESS WIRE<\/a>)–The GEO Group, Inc. (NYSE: GEO)<\/b> (\u201cGEO\u201d or the \u201cCompany\u201d) announced today that its wholly-owned subsidiary, GEO Transport, Inc. has entered into a new five-year contract, inclusive of option periods, with the U.S. Marshals Service for the provision of secure transportation and contract detention officer services across three service regions covering 26 federal judicial districts and spanning 14 states.<\/p>\n

\nThe new contract is expected to generate up to approximately $147 million over the five-year period, or up to approximately $29 million in annualized revenues per full-year of operations, with margins consistent with GEO\u2019s Managed-Only services contracts which average approximately 15 percent.<\/p>\n

\nGeorge C. Zoley, Executive Chairman of GEO, said, \u201cWe believe that this important new contract is a testament to the high-quality services GEO delivers on behalf of the U.S. Marshals Service, and it underscores the strength of our diversified services platform which provides our company multiple avenues to pursue quality growth opportunities. We are proud of our long-standing partnership with the U.S. Marshals Service, and we stand ready to continue to help the federal government meet its law enforcement priorities.\u201d<\/p>\n

About The GEO Group<\/strong><\/p>\n

\nThe GEO Group, Inc. (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO\u2019s diversified services include enhanced in-custody rehabilitation and post-release support through the award-winning GEO Continuum of Care\u00ae, secure transportation, electronic monitoring, community-based programs, and correctional health and mental health care. GEO\u2019s worldwide operations include the ownership and\/or delivery of support services for 98 facilities totaling approximately 77,000 beds, including idle facilities and projects under development, with a workforce of up to approximately 18,000 employees.<\/p>\n

Use of forward-looking statements<\/b><\/p>\n

\nThis news release may contain \u201cforward-looking statements\u201d within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the cautionary statements and risk factors contained in GEO’s filings with the U.S. Securities and Exchange Commission including its Form 10-K, 10-Q and 8-K reports. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements and risk factors contained in GEO\u2019s filings with the U.S. Securities and Exchange Commission, including those referenced above. GEO disclaims any obligation to update or revise any forward-looking statements, except as required by law.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250613860267\/en\/<\/a><\/span><\/p>\n

\nPablo E. Paez (866) 301 4436
\n
Executive Vice President, Corporate Relations<\/p>\n

KEYWORDS:<\/b> United States North America Florida<\/p>\n

INDUSTRY KEYWORDS:<\/b> Contracts White House\/Federal Government Other Construction & Property Law Enforcement\/Emergency Services Immigration Defense Commercial Building & Real Estate Construction & Property Other Transport Homeland Security Transport Public Policy\/Government<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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\u00a0The GEO Group Announces New Five-Year Contract With U.S. Marshals Service for Secure Transportation Services BOCA RATON, Fla.–(BUSINESS WIRE)–The GEO Group, Inc. (NYSE: GEO) (\u201cGEO\u201d or the \u201cCompany\u201d) announced today that its wholly-owned subsidiary, GEO Transport, Inc. has entered into a new five-year contract, inclusive of option periods, with the U.S. Marshals Service for the provision of secure transportation and contract detention officer services across three service regions covering 26 federal judicial districts and spanning 14 states. The new contract is expected to generate up to approximately $147 million over the five-year period, or up to approximately $29 million in annualized revenues per full-year of operations, with margins consistent with GEO\u2019s Managed-Only services contracts which average approximately 15 percent. George … <\/p>\n

Continue reading “The GEO Group Announces New Five-Year Contract With U.S. Marshals Service for Secure Transportation Services”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-860660","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nThe GEO Group Announces New Five-Year Contract With U.S. Marshals Service for Secure Transportation Services - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-geo-group-announces-new-five-year-contract-with-u-s-marshals-service-for-secure-transportation-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The GEO Group Announces New Five-Year Contract With U.S. Marshals Service for Secure Transportation Services - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"\u00a0The GEO Group Announces New Five-Year Contract With U.S. Marshals Service for Secure Transportation Services BOCA RATON, Fla.–(BUSINESS WIRE)–The GEO Group, Inc. (NYSE: GEO) (\u201cGEO\u201d or the \u201cCompany\u201d) announced today that its wholly-owned subsidiary, GEO Transport, Inc. has entered into a new five-year contract, inclusive of option periods, with the U.S. Marshals Service for the provision of secure transportation and contract detention officer services across three service regions covering 26 federal judicial districts and spanning 14 states. The new contract is expected to generate up to approximately $147 million over the five-year period, or up to approximately $29 million in annualized revenues per full-year of operations, with margins consistent with GEO\u2019s Managed-Only services contracts which average approximately 15 percent. 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