The geo group announces non-renewal of u.s. marshals service contract for queens detention facility in new york

Boca raton, fla.--(business wire)--the geo group, inc. (nyse: geo) (“geo”) announced today that the u.s. marshals service (“usms”) has notified geo of a non-renewal of the contract for the company-owned, 222-bed queens detention facility ending march 31, 2021. geo has requested a contract extension from the usms in order to provide for a proper transition. the potential non-renewal of the contract for the queens detention facility, which generated approximately $19 million in annualized revenue
GEO Ratings Summary
GEO Quant Ranking