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

Rhea-AI Summary

Tetra Tech (NASDAQ: TTEK) has secured a significant $46 million multiple-award contract from the U.S. Army Corps of Engineers (USACE) Los Angeles District. The 3-year agreement tasks Tetra Tech with providing comprehensive engineering and design services across various critical projects.

The scope encompasses:

• Civil and military infrastructure
• Coastal and port facility development
• Dam and levee safety assessments
• Inland flood control design
• Emergency operations support for flood and earthquake response

Positive

• Secured substantial $46 million contract with USACE
• 3-year contract duration providing steady revenue stream
• Strengthens existing relationship with key government client

Negative

• Multiple-award contract structure suggests competition with other vendors

PASADENA, Calif.--(BUSINESS WIRE)-- 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 civil and military infrastructure, coastal and port facility development and improvements, dam and levee safety assessments and improvements, inland flood control design and implementation, and emergency operations support for flood and earthquake response activities.

“Tetra Tech is pleased to continue our long history of delivering innovative and sustainable engineering solutions for the USACE Los Angeles District,” said Dan Batrack, Tetra Tech Chairman and CEO. “Our technical leadership and experience addressing complex engineering challenges position us to deliver exceptional value to our client and its stakeholders.”

About Tetra Tech

Tetra Tech is the leader in water, environment and sustainable infrastructure, providing high-end consulting and engineering services for projects worldwide. With 30,000 employees working together, Tetra Tech provides clear solutions to complex problems by Leading with Science^® to address the entire water cycle, protect and restore the environment, design sustainable and resilient infrastructure, and support the clean energy transition. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn 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/20250402878397/en/

Jim Wu, Investor Relations

Charlie MacPherson, Media & Public Relations

(626) 470-2844

Source: Tetra Tech, Inc.

FAQ

What is the value and duration of Tetra Tech's new USACE contract?

Tetra Tech secured a $46 million multiple-award contract with USACE Los Angeles District for a 3-year duration.

What services will Tetra Tech (TTEK) provide under the USACE contract?

Tetra Tech will provide engineering and design services for infrastructure, coastal facilities, dam safety, flood control, and emergency response operations.

How will the $46M USACE contract impact TTEK's revenue?

The contract provides potential revenue of up to $46 million over 3 years, though actual revenue may vary as it's a multiple-award contract.

What geographic region does the TTEK USACE contract cover?

The contract is with the USACE Los Angeles District, covering their operational jurisdiction.

What types of emergency services will TTEK provide under the USACE contract?

TTEK will provide emergency operations support specifically for flood and earthquake response activities.