The GEO Group, Inc. (GEO) Receives Notices of Intent to Award Three Managed-Only Contracts from the Florida Department of Corrections

The GEO Group, Inc. (NYSE:GEO) is one of the 20 NYSE Stocks with the Lowest P/E Ratios.

On September 16, 2025, The GEO Group, Inc. (NYSE:GEO) received notices of intent to award three managed-only contracts from the Florida Department of Corrections covering correctional and rehabilitation facilities in the state.

These contracts include management and support services at the 985-bed Bay Correctional and Rehabilitation Facility, the 1,884-bed Graceville Correctional and Rehabilitation Facility, and continued services at the 985-bed Moore Haven Correctional and Rehabilitation Facility.

The agreements include an initial term of three years beginning July 1, 2026, with unlimited two-year renewal options. The GEO Group, Inc. (NYSE:GEO) expects roughly $130 million in annualized revenue through these contracts, including roughly $100 million in new incremental annualized revenue.

The GEO Group, Inc. (NYSE:GEO), a government services company, specializes in secure facilities, processing centers, and community reentry centers.

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