Tetra Tech Awarded $16.9 Million Software Development Task Order Under Its $169 Million IT Services Contract

Rhea-AI Summary

Tetra Tech, Inc. (NASDAQ: TTEK) has been awarded a $16.9 million task order to provide application development and technical support under a $169 million contract with the U.S. Department of Labor's Bureau of Labor Statistics. This five-year contract includes full lifecycle technology services aimed at enhancing economic information analysis. Tetra Tech aims to improve efficiency and decision-making for the Bureau using its software solutions and expertise in artificial intelligence and machine learning.

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• Awarded a $16.9 million task order under a $169 million contract with the U.S. Department of Labor.
• Provides full lifecycle technology services, including artificial intelligence and agile software development.

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• None.

PASADENA, Calif.--(BUSINESS WIRE)-- Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, announced today that it has been awarded a $16.9 million task order to provide application development, modernization, and enhancement services and other technical support under its $169 million, multiple-award technology support services contract with the U.S. Department of Labor, Bureau of Labor Statistics (BLS). BLS is responsible for measuring labor market activity, working conditions, and price changes in the economy.

Under this five-year task order, the Tetra Tech Federal IT Services Group will provide full lifecycle technology services, including artificial intelligence and agile software development, to support the BLS Office of Prices and Living Conditions and Office of Productivity and Technology in collecting, analyzing, and disseminating essential economic information to support public and private decision-making. Tetra Tech’s technology solutions experts will also provide statistical application development, database design, machine learning, and production support and maintenance.

“Using our Leading with Science^® approach, Tetra Tech provides software solutions to help BLS improve efficiency and support timely and accurate decision-making,” said Tetra Tech Chairman and CEO Dan Batrack. “We are pleased to continue our longstanding partnership with BLS to support their modernization efforts under this contract.”

About Tetra Tech

Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 21,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development. We are Leading with Science^® to provide sustainable and resilient solutions for our clients. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn, Twitter, and Facebook.

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. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Risk Factors" included in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220124005858/en/

Jim Wu, Investor Relations

Charlie MacPherson, Media & Public Relations

(626) 470-2844

Source: Tetra Tech, Inc.