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GEO Group secures a $1.5 billion contract with ICE to operate Tacoma immigration detention center for the next 10 years.

Oct 30, 2026

Contract Type

contract

Boca RatonHealth CareSecurityGovernmentLanguage LearningTranslation Service

Description

The GEO Group has announced that it has secured a contract valued at approximately $1.5 billion to continue operating the Northwest ICE Processing Center for the next decade. The contract will generate revenues of about $140 million per year and encompasses various services for U.S. Immigration and Customs Enforcement.

Company Information

Company

The GEO Group

Location

Industrial Row Dr

Boca Raton, Florida, United States

About

The GEO Group, Inc. (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO’s diversified services include enhanced in-custody rehabilitation and post-release support through the award-winning GEO Continuum of Care®, secure transportation, electronic monitoring, community-based programs, and correctional health and mental health care. GEO’s worldwide operations include the ownership and/or delivery of support services for 102 facilities totaling approximately 82,000 beds, including idle facilities and projects under development, with a workforce of up to approximately 18,000 employees.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.