BOCA RATON, Fla. - The GEO Group, Inc. (NYSE:GEO), a diversified government services provider, announced through its subsidiary, GEO Transport, Inc. (GTI), the award of a five-year contract to support air operations for U.S. Immigration and Customs Enforcement (ICE). This contract, with option periods included, is a continuation of services that GTI has been providing as a subcontractor to CSI Aviation, Inc., the prime contractor selected by ICE.
The collaboration between GTI and CSI Aviation began with a nine-month emergency contract in July 2023. The new agreement is expected to bring GEO approximately $25 million in annualized revenues. CSI Aviation, a veteran-owned company with a history of government service since 1979, will work alongside GTI to fulfill the contract's requirements.
George C. Zoley, Executive Chairman of GEO, commented on the contract award, highlighting GTI's longstanding history of secure transportation services for government agencies in the U.S. since its inception in 2007. Zoley expressed confidence in GTI's ability to deliver high-quality services and the company's commitment to safety and service delivery.
The GEO Group operates globally, offering a range of services including secure facility management, community reentry programs, and correctional health care. It oversees approximately 100 facilities with a total capacity of around 81,000 beds, including idle facilities and those under development, and employs up to 18,000 people.
The information in this article is based on a press release statement from The GEO Group, Inc.
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