Core Points - CoreCivic has been awarded a new contract under an Intergovernmental Services Agreement with the Oklahoma Department of Corrections and U.S. Immigration and Customs Enforcement to reactivate the Diamondback Correctional Facility, which has been idle since 2010 [1][2] - The contract starts on September 30, 2025, for a five-year term, with potential extensions, and is expected to generate approximately $100 million in annual revenue once fully operational [2] - The facility is anticipated to begin receiving detainees in the first quarter of 2026, with full activation expected by the second quarter of 2026 [2] - CoreCivic plans to invest an additional $13 million for renovations requested by ICE to ensure a seamless reactivation of the facility [3] - The company has signed new contracts for a total of 6,353 beds across four facilities, which were all idle at the beginning of the year, projecting approximately $325 million in annual revenue once fully activated [3] 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 [4] - The company is the largest owner of partnership correctional, detention, and residential reentry facilities in the U.S. and has over 40 years of experience as a government partner [4]