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Tetra Tech Awarded £36 Million Multiple-Award Contract for Water Infrastructure Services

1. Tetra Tech secures a £36 million contract with Severn Trent Water. 2. The 3-year deal focuses on water infrastructure services in the UK.

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FAQ

Why Bullish?

The contract boosts TTEK's revenue stream, consistent with positive trends seen in previous infrastructure contracts like those with government agencies, which historically have resulted in stock price increases.

How important is it?

This contract is a significant boost to revenues, positioning TTEK well in the water infrastructure sector and hence highly relevant to its market performance.

Why Long Term?

The contract's duration is three years, indicating sustained revenue and potential for future growth in similar projects, enhancing long-term investor confidence.

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MSEXAWKWTRG
PASADENA, Calif.--(BUSINESS WIRE)-- #Severntrent--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today that Severn Trent Water has selected Tetra Tech for a £36 million multiple-award contract to provide comprehensive water infrastructure services in the United Kingdom. Under the 3-year contract, Tetra Tech engineers will conduct geotechnical investigations to assess soil and groundwater condi.

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