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Tetra Tech Awarded $46 Million Multiple-Award USACE Architect-Engineer Services Contract

1. Tetra Tech received a $46 million contract from USACE over three years. 2. The contract involves engineering and design services for essential projects.

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$30.82504/03 09:18 AM EDTEvent Start
$29.4804/04 03:26 PM EDTLatest Updated
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FAQ

Why Bullish?

The contract indicates robust demand for Tetra Tech's engineering services, positively influencing revenue. Previous similar contracts have historically led to stock price appreciation for TTEK.

How important is it?

The awarded contract signifies a strong endorsement from a governmental agency, likely boosting investor confidence and market perception of TTEK's capabilities.

Why Long Term?

The three-year duration of the contract ensures sustained revenue, contributing to long-term growth. Historical revenue patterns from large contracts show a tendency to enhance company valuations over time.

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FLRAECOMHWM
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) Los Angeles District awarded the Company a multiple-award contract not to exceed $46 million. Under the 3-year contract, Tetra Tech will provide comprehensive engineering and design services to support a wide range of essential projects, including.

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