GEO Group (GEO) Opening Delay, News Pending
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The GEO Group Announces Contract Renewal by the Federal Bureau of Prisons for the D. Ray James Correctional Facility
August 19, 2016 7:30 AM EDTBOCA RATON, Fla.--(BUSINESS WIRE)-- The GEO Group, Inc. (NYSE: GEO) ("GEO") announced today that the Federal Bureau of Prisons (the BOP) has extended its contract for the company-owned D. Ray James Correctional Facility (the Facility) for a renewal term through September 30, 2018 under its existing ten-year contract which is effective through September 30, 2022.
George C. Zoley, Chairman and Chief Executive Officer of GEO, said, We are very appreciative of the continued confidence placed in our company by the Federal Bureau of Prisons with this important contract renewal. Our company-owned D. Ray James Correctional Facility provides... More
The GEO Group Comments on Department of Justice Announcement and Announces Investor and Analyst Conference Call
August 18, 2016 4:58 PM EDTConference Call Scheduled for Friday, August 19, 2016 at 11:00 AM (Eastern Time)
BOCA RATON, Fla.--(BUSINESS WIRE)-- The GEO Group, Inc. (NYSE: GEO) ("GEO") The GEO Group commented today on the Department of Justice (DOJ) announcement regarding contracted prisons for the Federal Bureau of Prison (the BOP). GEO has had a long standing private-public partnership with the BOP that dates back to the 1990s. At the federal level, GEOs facilities have a proven track record of providing cost-effective, high quality services for those... More
