GEO Group up after unit gets $121 million ICE contract

Geo

22/12/2025 12:22

** Shares of private prison operator GEO Group GEO.N up 1.8% at $16.21 premarket

** Co's BI Inc unit wins U.S. Immigration and Customs Enforcement (ICE) contract for skip tracing services

** Two-year contract, effective December 16, 2025, would bring in $121 mln in revenue

** Skip tracing services include enhanced location research, data verification and physical observation for individuals on federal non-detained docket

** George C. Zoley, executive chair, says deal expands co’s services for ICE, building on 21-year relationship

** As of last close, GEO stock down 42.8% YTD

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))