GEO Group (GEO) Awarded 10-Year Contracts by BOP for 3,532 Existing Beds in Big Spring, Texas

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The GEO Group Awarded 10-Year Contracts by the Federal Bureau of Prisons for 3,532 Existing Beds in Big Spring, Texas

May 26, 2017 6:55 AM EDT

BOCA RATON, Fla.--(BUSINESS WIRE)-- The GEO Group (NYSE: GEO) (GEO) announced today that it has been awarded two ten-year contracts, inclusive of renewal option periods, by the Federal Bureau of Prisons (BOP) for the continued housing of criminal aliens under the custody of the BOP at the company-owned 1,800-bed Big Spring Facility and the company-owned 1,732-bed Flight Line Facility, which on a combined basis were previously referred to as the Big Spring Correctional Center in Texas.

The two ten-year contracts were awarded to GEO under a long-standing procurement commonly referred to as... More