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Tetra Tech Awarded $249 Million U.S. Army Corps of Engineers A-E Services Multiple-Award Contract

1. Tetra Tech awarded $249 million contract by USACE for environmental services. 2. The 5-year contract enhances TTEK's position in sustainable infrastructure.

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FAQ

Why Bullish?

The $249 million contract reflects strong government confidence, similar to previous contracts that boosted TTEK's stock. Such awards typically lead to revenue growth and investor interest.

How important is it?

The awarded contract is substantial, suggesting strategic growth in environmental sectors, which aligns with TTEK's core capabilities and market trends.

Why Long Term?

This contract spans five years, indicating sustained revenue over a significant period. Historical patterns show that multi-year contracts stabilize TTEK's income streams.

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PASADENA, Calif.--(BUSINESS WIRE)-- #USACE--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today that the U.S. Army Corps of Engineers (USACE), Mobile District, awarded the Company a $249 million multiple-award contract to provide comprehensive planning and environmental services. Under the 5-year contract Tetra Tech will provide technical services to support major environmental initiati.

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