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CoreCivic Announces New Contract Awards At California City Immigration Processing Center and Midwest Regional Reception Center
CoreCivicCoreCivic(US:CXW) Globenewswireยท2025-09-29 12:00

Core Points - CoreCivic has been awarded two new contracts with U.S. Immigration and Customs Enforcement (ICE) to utilize a total of 3,593 beds at two facilities, which are expected to generate nearly $200 million in annual revenue once fully activated [1][4][6] - The two facilities include the California City Immigration Processing Center with 2,560 beds and the Midwest Regional Reception Center with 1,033 beds [2][3] - The California City facility began receiving detainees on August 27, 2025, under a six-month Letter Contract, transitioning to a definitive contract effective September 1, 2025, with expected annual revenue of approximately $130 million once fully activated [6] - The Midwest Regional Reception Center's intake process has faced delays due to legal challenges, but the new contract commenced on September 7, 2025, with expected annual revenue of approximately $60 million once fully activated [6] Company Overview - CoreCivic is a diversified government-solutions company that provides a range of services including corrections and detention management, alternatives to incarceration, and government real estate solutions [5] - The company is the largest owner of partnership correctional, detention, and residential reentry facilities in the U.S. and has been a reliable partner for government for over 40 years [5]