07:38 AM EDT, 09/16/2025 (MT Newswires) -- Geo Group ( GEO ) said Tuesday that the Florida Department of Corrections plans to give three managed-only contracts to the company that are expected to generate about $130 million in annualized revenue.

The contracts cover management and support services at the Bay and Graceville correctional and rehabilitation facilities, as well as the continuation of services at the Moore Haven facility.

The company said the contracts are expected to have an initial term of three years, effective July 1, 2026, with unlimited two-year renewal option periods.

Geo shares were up 1.7% in recent premarket activity.