GEO Group up after unit gets $121 million ICE contract
ReutersDec 22, 2025 12:22 PM
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
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