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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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.