Sep. 30 at 2:02 PM
Noble Capital Markets Research Report: CoreCivic, Inc. (
$CXW) – Letter Contracts to Contract Awards
Contract Awards. As anticipated, U.S. Immigration and Customs Enforcement (ICE) awarded CoreCivic two new contracts, which, once fully activated, would generate total annual revenue of approximately
$200 million. The two facilities, California City and Midwest Regional, had been operating under Letter Contracts with ICE, which enable CoreCivic to begin operations at a facility while negotiating a longer-term contract. Both facilities were idle at the beginning of the year.
Read more: https://www.channelchek.com/news-channel/corecivic-inc-cxw-letter-contracts-to-contract-awards