Tetra Tech : Wins $150 Million U.S. Navy Architect-Engineer Contract
November 18, 2020 at 11:39 am EST
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Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, announced today that the U.S. Naval Facilities Engineering Command awarded the Company a $150 million, multiple-award, architect and engineering services contract to support facilities at locations worldwide.
Under this five-year contract, Tetra Tech will provide services for the modernization of systems related to fuel storage and distribution, emergency backup power, and fire protection and spill containment. Tetra Tech's scientists and engineers will leverage high-end technology and advanced analytics to deliver innovative solutions in sustainable infrastructure design, including waterfront protection and stormwater management.
'The U.S. Navy has been a valued client for more than 50 years,' said Dan Batrack, Tetra Tech Chairman and CEO. 'We look forward to continuing to use our Leading with Science approach to support the Navy's sustainable infrastructure initiatives.'
About Tetra Tech
Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 20,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, infrastructure, resource management, energy, and international development. We are Leading with Science to provide sustainable and resilient solutions for our clients.
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.
Tetra Tech, Inc. is a global provider of consulting and engineering services that is focused on water, environment, sustainable infrastructure, renewable energy and international development. The Company is Leading with Science to provide solutions for its public and private clients. The Company operates through its two segments: government services group (GSG) and commercial/international services group (CIG). Its GSG segment provides consulting and engineering services primarily to United States (U.S.) government clients and development agencies worldwide. The Company's CIG segment primarily provides consulting and engineering services to U.S. commercial clients and international clients that include both commercial and government sectors. Its CIG segment provides sustainable infrastructure and related environmental, engineering and project management services to commercial and local government clients across Canada, in Asia Pacific, the United Kingdom, as well as Brazil and Chile.