Feb. 13 at 8:24 PM
Geo Group Inc said the Trump administration is advancing a
$38.3 billion plan to overhaul the U.S. immigration detention system, potentially benefiting private prison operators.
The Detention Reengineering Initiative (DRI) would expand capacity by acquiring and renovating eight large-scale detention centers, adding 16 processing sites, and taking control of 10 existing facilities already operated by ICE. According to government documents, the plan would add 92,600 beds nationwide, with the largest sites housing up to 10,000 detainees, mainly for international deportations.
GEO currently operates about 19 ICE facilities across the U.S., and ICE contracts account for a significant share of its revenue. The expansion could create new contract opportunities for private prison companies.
The initiative will be funded through a congressional allocation under the One Big Beautiful Bill and is expected to be fully implemented by Nov. 30, 2026.
$GEO