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CoreCivic Announces New Contract Awards At California City Immigration Processing Center and Midwest Regional Reception Center
Contract Wins Total Nearly 3,600 bedsBRENTWOOD, Tenn., Sept. 29, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) ("CoreCivic") announced today that it has been awarded two new contracts with U.S. Immigration and Customs Enforcement ("ICE") to utilize 3,593 beds at two facilities we own in core enforcement areas of the United States. Once fully activated, we expect to generate total annual revenue at the two facilities combined of nearly $200 million. California City Immigration Processing C
About this update from Corecivic, Inc.
[{"type":"image","alt":"CoreCivic, Inc.","displaySize":"","headline":null,"caption":"CoreCivic, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":150,"url":"https://media.zenfs.com/en/globenewswire.com/a6f19c9dcf550cee8d5754c5b357071d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/42MNrOpuIluJaHiolTsKsw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIxMDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/a6f19c9dcf550cee8d5754c5b357071d","width":300,"height":150}},"lazy":false},{"type":"text","content":"Contract Wins Total Nearly 3,600 beds","length":37,"tagName":"p"},{"type":"text","content":"BRENTWOOD, Tenn., Sept. 29, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) ("CoreCivic") announced today that it has been awarded two new contracts with U.S. Immigration and Customs Enforcement ("ICE") to utilize 3,593 beds at two facilities we own in core enforcement areas of the United States. Once fully activated, we expect to generate total annual revenue at the two facilities combined of nearly $200 million.","length":442,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"California City Immigration Processing Center - 2,560 beds","length":58,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"New contract with ICE to utilize our 2,560-bed California City Immigration Processing Center. We have been preparing to accept detainees at this facility since April 1, 2025, when we entered into a six-month Letter Contract with ICE to resume operations at the facility while we worked to negotiate and execute a longer-term contract.","length":340,"tagName":"p"}]},{"val":[{"type":"text","content":"We began receiving detainees at the facility on August 27, 2025 under terms of the Letter Contract. Transitioning from a Letter Contract to the definitive contract effective September 1, 2025 will result in variability in revenue and cash flow as we continue to successfully hire staff and receive additional detainees during the activation period. We currently expect the activation to be complete in the first quarter of 2026, achieving a normalized run-rate in the second quarter of 2026. Total annual revenue once the activation is complete is expected to be approximately $130 million. The new contract expires in August 2027.","length":631,"tagName":"p"}]}],"tagName":"...