WASHINGTON (dpa-AFX) - 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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