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Tetra Tech Awarded $94 Million Emergency Preparedness and Response Services Contract

1. Tetra Tech secured a $94 million EPA contract for environmental services. 2. The contract spans seven years, enhancing TTEK’s revenue prospects.

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$37.2407/15 09:04 AM EDTEvent Start
$37.100507/16 03:20 PM EDTLatest Updated
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FAQ

Why Bullish?

This contract enhances TTEK's revenue stream and validates its expertise. Historically, such government contracts have led to price increases, as seen with similar firms in the sector.

How important is it?

The awarded contract significantly boosts TTEK's operational scope and revenue potential, important for investors. As environmental services gain focus, TTEK’s role enhances its market position.

Why Long Term?

The seven-year duration of the contract ensures sustained revenue, contributing positively over an extended period. Previous long-term contracts have bolstered earnings predictability for TTEK.

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ECLWTRGXPO
PASADENA, Calif.--(BUSINESS WIRE)-- #emergencyresponse--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 Environmental Protection Agency (EPA) has awarded the Company a $94 million, single-award contract to provide technical services in EPA Region 7 to support the Superfund Technical Assessment & Response Team (START). Under this seven-year contract, Tetra Tech scientists, engin.

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