BRIEF-The Geo Group wins contract for development of company-owned 1,000-bed detention facility
April 13 Geo Group Inc -
* The Geo Group awarded contract for the development and operation of a new company-owned 1,000-bed detention facility in Texas
* Expects to design, finance, build, and operate company-owned facility under a ten-year contract with ice, inclusive of renewal option periods
* Awarded a contract by U.S. immigration and customs enforcement for development and operation of a new $110 million detention facility
* The 1,000-bed facility is expected to generate approximately $44 million in annualized revenues and returns on investment Source text for Eikon: Further company coverage: