The GEO Group, Inc. (GEO), Tuesday announced settlement of Roman v. Wolf case, where the U.S. District Court, Central District of California has approved immediate full intake at the GEO-owned, 1,940-bed Adelanto ICE Processing Center in California.
Notably, the company along with ICE has entered into a contract in 2019 for the provision of secure residential housing and support services at the Adelanto Center.
The full intake of the Adelanto Center contract is expected to generate upto approximately $31 million in additional incremental annualized revenues for the company.
In the pre-market hours, GEO is trading at $27.42, up 1.71 percent on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.