Tetra Tech Wins $86 Million Federal Technology Services Contract

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Price: $27.96 -0.29%

Overall Analyst Rating:
SELL (= Flat)

Dividend Yield: 0.7%
Revenue Growth %: -23.4%

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PASADENA, Calif.--(BUSINESS WIRE)-- Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, announced today that it has been awarded an $86 million contract to provide information technology (IT) support to mission-critical systems for the U.S. Space Force, Space Systems Command.

Under this 6.5-year contract, the Tetra Tech Federal IT Group will provide technology services for mission-critical facilities. Our technical experts will provide cutting-edge technology systems support and integrated digital solutions to ensure consistent, timely delivery of key information.

“Tetra Tech will use its Leading with Science® approach and leverage its Federal IT resources and capabilities to support the management of these mission-critical systems,” said Tetra Tech Chairman and CEO Dan Batrack.

About Tetra Tech

Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 21,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development. We are Leading with Science® to provide sustainable and resilient solutions for our clients. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn, Twitter, and Facebook.

Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Risk Factors" included in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.