GEO Group Shares Jump After Administration Unveils $38.3 Billion Detention Overhaul
Shares of The GEO Group climbed 6.2% on Friday after the administration announced a $38.3 billion Detention Reengineering Initiative aimed at expanding U.S. immigration detention capacity. The plan calls for acquiring and renovating large detention centers, adding processing sites, and integrating existing facilities into a new national detention n…