GEO Group Secures $147M Contract with U.S. Marshals for Secure Transport Services

The GEO Group, Inc. (NYSE:GEO) ranks among the 30 stocks expected to beat the market by 20 percentage points this year. On June 16, the U.S. Marshals Service granted GEO Transport, a subsidiary of the The GEO Group, Inc. (NYSE:GEO), a new five-year contract for secure transportation and detention officer services.

GEO Group Secures $147M Contract with U.S. Marshals for Secure Transport Services

The agreement covers 26 federal judicial districts in 14 states, with three service zones covered. According to the company’s statement, the contract is expected to earn up to $147 million over the period, or roughly $29 million in annualized revenue.

According to the company, profit margins for this contract should be comparable to those of its Managed-Only services contracts, which normally have an average of 15%. George C. Zoley, Executive Chairman of GEO, stated the following regarding the new agreement:

“This important new contract is a testament to the high-quality services GEO delivers on behalf of the U.S. Marshals Service.”

The GEO Group, Inc. (NYSE:GEO) identifies as a diversified government service provider with a focus on community reintegration centers, processing centers, and secure institutions. The company is divided into four sections: International Services, Reentry Services, Electronic Monitoring & Supervision Services, and US Secure Services.

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Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

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