What’s Next for ICE and Private Prisons? Clues From 8-Ks
CoreCivic and GEO Group reported Q1 2026 earnings that were buoyed by sharply higher contracts with U.S. Immigration and Customs Enforcement (ICE). GEO Group’s stock jumped nearly 15% after it disclosed a $60 million skip‑tracing contract and expanding secure‑services work, while CoreCivic’s shares rose about 8% as ICE revenue surged to $261 million, representing over 40% of its quarterly sales. Both firms highlighted the activation of idle detention facilities and, for CoreCivic, the recent $148 million acquisition of Clinical Solutions Pharmacy to capture ancillary services. The filings suggest the companies are positioning for sustained federal demand and deeper vertical integration.
DOGE in Reverse
On April 1, 2026, DHS Secretary Markwayne Mullin eliminated the $100,000 contract‑review threshold imposed by his predecessor Kristi Noem, delegating authority to component heads and retaining Secretary sign‑off only for contracts above $25 million. The change affects roughly 31 percent of DHS...
The Trailer on the Side of the Road
In early 2026 investigators uncovered hidden license‑plate readers concealed in trailers and other roadside objects across Southern California, revealing a covert surveillance network operated by Border Patrol and ICE. The network feeds license plates, vehicle data, GPS coordinates, and facial...