CoreCivic (CXW) said Thursday it has been awarded a contract with the state of Montana to oversee 240 additional inmates at its 2,672-bed Tallahatchie County Correctional Facility in Tutwiler, Mississippi, during Q1.
Financial terms were not disclosed.
The new management contract with Montana runs through Dec. 31, 2026, and includes extension options no longer than a total of seven years, the company said.
In January, the company said it received an additional 120 Montana inmates at its 1,896-bed Saguaro Correctional Facility in Eloy, Arizona, under another contract.
Shares of the company rose more than 1% in recent premarket activity Friday.
Price: 23.12, Change: +0.41, Percent Change: +1.81
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