CoreCivic Announces New Contract Award At Diamondback Correctional Facility
CoreCivic (NYSE:CXW) has secured a new 5-year contract with ICE through an Intergovernmental Services Agreement with the Oklahoma Department of Corrections to reactivate its 2,160-bed Diamondback Correctional Facility. The facility, idle since 2010, is expected to generate approximately $100 million in annual revenue once fully operational.
The contract, starting September 30, 2025, includes a fixed monthly payment plus per diem based on detainee populations. CoreCivic plans to invest $13 million in renovations and expects to begin receiving detainees in Q1 2026, with full activation by Q2 2026. This agreement is part of broader expansion efforts, with the company signing contracts for 6,353 total beds across four facilities in Q3 2025, projected to generate $325 million in annual revenue.
CoreCivic (NYSE:CXW) ha ottenuto un nuovo contratto quinquennale con ICE attraverso un Intergovernmental Services Agreement con il Dipartimento delle Correzioni dell'Oklahoma per riattivare la Diamondback Correctional Facility da 2.160 posti. L’impianto, inattivo dal 2010, dovrebbe generare circa 100 milioni di dollari di entrate all’anno una volta completamente operativo.
Il contratto, valido dal 30 settembre 2025, prevede un pagamento mensile fisso più una diaria basata sulle popolazioni di detenuti. CoreCivic intende investire 13 milioni di dollari in ristrutturazioni e prevede di iniziare a ricevere detenuti nel primo trimestre del 2026, con piena attivazione entro il secondo trimestre del 2026. Questo accordo fa parte di uno sforzo di espansione più ampio, con l’azienda che ha firmato contratti per 6.353 posti totali distribuiti su quattro strutture nel terzo trimestre del 2025, con proiezione di 325 milioni di dollari di entrate annuali.
CoreCivic (NYSE:CXW) ha asegurado un nuevo contrato de 5 años con ICE a través de un Acuerdo de Servicios Intergubernamentales con el Departamento de Correcciones de Oklahoma para reactivar la Diamonback Correctional Facility de 2.160 plazas. La instalación, inactiva desde 2010, se espera que genere aproximadamente 100 millones de dólares en ingresos anuales una vez que esté operativa por completo.
El contrato, que comienza el 30 de septiembre de 2025, incluye un pago fijo mensual más una per diem basada en las poblaciones de detenidos. CoreCivic planea invertir 13 millones de dólares en renovaciones y espera comenzar a recibir detenidos en el primer trimestre de 2026, con la activación total para el segundo trimestre de 2026. Este acuerdo forma parte de esfuerzos de expansión más amplios, con la empresa firmando contratos para 6.353 camas totales en cuatro instalaciones en el tercer trimestre de 2025, proyectando generar 325 millones de dólares en ingresos anuales.
CoreCivic (NYSE:CXW)가 ICE와의 Intergovernmental Services Agreement를 통해 오클라호마 교정국과 5년 계약을 체결하여 2,160병상 다이아몬드백 교정시설의 재가동을 추진합니다. 2010년 이후 휴먼 시설인 이 시설은 완전 가동되면 연간 약 1억 달러의 매출을 창출할 것으로 예상됩니다.
계약은 2025년 9월 30일 시작되며, 고정 월지급금과 구금자 수에 따른 하루 대가(per diem)를 포함합니다. CoreCivic은 자본 1300만 달러를 개조에 투자할 계획이며 2026년 1분기부터 수감자를 받기 시작하고 2026년 2분기에 완전 가동될 것으로 예상합니다. 이 계약은 더 큰 확장 노력의 일부로, 회사는 2025년 3분기에 4개 시설에 걸쳐 총 6,353개 병상 계약을 체결했고 연간 매출 3억 2500만 달러를 창출할 것으로 전망됩니다.
CoreCivic (NYSE:CXW) a obtenu un nouveau contrat quadriennal avec l’ICE via un Intergovernmental Services Agreement avec le Department of Corrections de l’Oklahoma pour réactiver la Diamondback Correctional Facility de 2 160 places. L’installation, inoccupée depuis 2010, devrait générer environ 100 millions de dollars de revenus annuels une fois pleinement opérationnelle.
Le contrat, à partir du 30 septembre 2025, comprend un paiement mensuel fixe plus une indemnité journalière basée sur les populations de détenus. CoreCivic prévoit d’investir 13 millions de dollars dans les rénovations et prévoit de commencer à recevoir des détenus au premier trimestre 2026, avec une activation complète d’ici le deuxième trimestre 2026. Cet accord fait partie d’efforts d’expansion plus larges, l’entreprise ayant signé des contrats pour 6 353 lits au total dans quatre installations au troisième trimestre 2025, prévoyant 325 millions de dollars de revenus annuels.
CoreCivic (NYSE:CXW) hat einen neuen Fünf-Jahres-Vertrag mit ICE über eine Intergovernmental Services Agreement mit dem Oklahoma Department of Corrections zur Reaktivierung der Diamondback Correctional Facility mit 2.160 Betten gesichert. Die Anlage, seit 2010 untätig, soll nach vollständiger Inbetriebnahme ungefähr 100 Millionen US-Dollar Jahresumsatz erwirtschaften.
Der Vertrag beginnt am 30. September 2025 und beinhaltet eine feste monatliche Zahlung plus eine Per Diem basierend auf der Anzahl der Häftlinge. CoreCivic plant, 13 Millionen US-Dollar in Renovierungen zu investieren und erwartet, im ersten Quartal 2026 Häftlinge zu empfangen, mit vollständiger Aktivierung bis Q2 2026. Diese Vereinbarung ist Teil größerer Expansionsbemühungen, wobei das Unternehmen im dritten Quartal 2025 Verträge über insgesamt 6.353 Betten in vier Einrichtungen abschloss und voraussichtlich 325 Millionen US-Dollar Jahresumsatz erzielen wird.
CoreCivic (NYSE:CXW) وقعت عقداً جديداً مدته 5 سنوات مع ICE من خلال اتفاقية خدمات حكومية مع وزارة الإصلاحيات في أوكلاهوما لإعادة تفعيل مرفق Diamondback Correctional Facility الذي يضم 2,160 سريراً. من المتوقع أن تحقق المنشأة التي توقفت عن العمل منذ 2010 ما يقرب من 100 مليون دولار من الإيرادات السنوية عند تشغيلها بشكل كامل.
العقد، الذي يبدأ في 30 سبتمبر 2025، يشمل دفعة شهرية ثابتة بالإضافة إلى تعويض يومي يعتمد على عدد المحتجزين. تخطط CoreCivic لاستثمار 13 مليون دولار في عمليات التجديد وتتوقع البدء باستقبال المحتجزين في الربع الأول من 2026، مع تشغيل كامل بحلول الربع الثاني من 2026. ويندرج هذا الاتفاق ضمن جهود توسيع أوسع، حيث وقعت الشركة عقود لـ إجمالي 6,353 سريراً في أربع منشآت في الربع الثالث من 2025، مع توقع أن تحقق إيرادات سنوية قدرها 325 مليون دولار.
CoreCivic (NYSE:CXW) 已通过与俄克拉何马州矫正部门的政府间服务协议，与ICE签订新的5年合同，重新启用 2,160床 Diamondback Correctional Facility。该设施自2010年起闲置， fully operational 后预计可实现 约1亿美元的年度收入。
合同自2025年9月30日生效，包含固定月度付款以及基于被拘留人数的日额。CoreCivic计划投资 1300万美元用于改造，预计于2026年第一季度开始接收被拘留者，2026年第二季度实现全面启用。此协议是更大扩张努力的一部分，公司在2025年第三季度签署了四家设施共计 6,353张床位的合同，预计产生 3.25亿美元的年度收入。
- New contract expected to generate $100 million in annual revenue
- Total Q3 2025 contract awards across 4 facilities to generate $325 million annually
- 5-year contract term with extension possibility
- Reactivation of previously idle 2,160-bed facility expanding operational capacity
- Required $13 million additional investment for facility renovations
- Full facility activation delayed until Q2 2026
Insights
CoreCivic secures $100M annual contract to reactivate long-idle facility, boosting operational capacity and long-term revenue visibility.
CoreCivic's new contract to reactivate the 2,160-bed Diamondback Correctional Facility represents a significant operational milestone after the facility's 15-year dormancy. The five-year agreement with ICE through the Oklahoma Department of Corrections provides dual revenue streams - a fixed monthly payment plus variable per-diem components based on detainee population.
The projected
Particularly noteworthy is this contract's role in CoreCivic's broader facility reactivation strategy. Combined with three previously announced contract awards, the company has now secured agreements to reactivate 6,353 idle beds with aggregated annual revenue of
This contract reflects growing demand for detention infrastructure and CoreCivic's ability to rapidly respond through its inventory of idle facilities rather than new construction, enabling faster time-to-revenue and higher utilization of existing assets.
Estimated Annual Revenue From Contracts Signed In The Third Quarter of 2025 To Activate Idle Facilities Increases to
BRENTWOOD, Tenn., Oct. 01, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) ("CoreCivic") announced today that it has been awarded a new contract under an Intergovernmental Services Agreement ("IGSA") between the Oklahoma Department of Corrections ("OKDOC") and U.S. Immigration and Customs Enforcement ("ICE") to resume operations at the Company's 2,160-bed Diamondback Correctional Facility, a facility that has been idle since 2010.
The new contract commences on September 30, 2025, for a term of five years, and may be extended through bilateral modification. The agreement provides for a fixed monthly payment plus an incremental per diem payment based on detainee populations. Total annual revenue once the facility is fully activated is expected to be approximately
Damon T. Hininger, CoreCivic's Chief Executive Officer, commented, "We are pleased to expand our relationship with OKDOC while providing ICE with critical infrastructure capacity at our Diamondback Correctional Facility. While this facility has been idle since 2010, we have made investments to help ensure a seamless reactivation in the event of a new contract. Further, we expect to invest an additional
Patrick D. Swindle, CoreCivic's President and Chief Operating Officer, added, "Including the new contract awards at three of our other facilities previously announced during the third quarter of 2025, we have signed new contracts aggregating 6,353 beds across our four facilities, all of which were idle at the beginning of the year, with approximately
About CoreCivic
CoreCivic is a diversified, government-solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. We provide a broad range of solutions to government partners that serve the public good through high-quality corrections and detention management, a network of residential and non-residential alternatives to incarceration to help address America's recidivism crisis, and government real estate solutions. We are the nation's largest owner of partnership correctional, detention and residential reentry facilities, and one of the largest operators of such facilities in the United States. We have been a flexible and dependable partner for government for more than 40 years. Our employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good. Learn more at www.corecivic.com.
Cautionary Note Regarding Forward-Looking Statements
This press release includes statements as to our beliefs and expectations of the outcome of future events that are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements may include such words as "anticipate," "estimate," "expect," "project," "plan," "intend," "believe," "may," "will," "should," "can have," "likely," and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. Such forward-looking statements may be affected by risks and uncertainties in CoreCivic's business and market conditions. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made. Important factors that could cause actual results to differ are described in the filings made from time to time by CoreCivic with the Securities and Exchange Commission ("SEC") and include the risk factors described in CoreCivic's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on February 21, 2025. Except as required by applicable law, CoreCivic undertakes no obligation to update forward-looking statements made by it to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events.
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