The GEO Group, Inc. (GEO) said on Monday that its subsidiary GEO Transport, Inc. has inked a new five-year contract, inclusive of option periods, with the U.S. Marshals Service to provide secure transportation and contract detention officer services.
The new contract is expected to generate up to around $147 million over the five-year period for GEO, or up to approximately $29 million in revenues a year.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.