Tetra Tech Selected for $5 Billion USAID Governance and Stabilization Multiple-Award Contract
Tetra Tech (NASDAQ: TTEK) has been awarded a $5 billion multiple-award IDIQ contract by USAID to support global democracy initiatives. The 10-year contract, through USAID's Office of Transition Initiatives, focuses on addressing governance and resiliency challenges in developing countries. Tetra Tech will work on strengthening local engagement, revitalizing critical infrastructure, and enhancing essential public services, including clean water supplies, using evidence-based approaches.
Tetra Tech (NASDAQ: TTEK) ha ricevuto un contratto IDIQ pluriennale del valore di 5 miliardi di dollari da USAID per sostenere iniziative globali per la democrazia. Il contratto, della durata di 10 anni, attraverso l'Ufficio per le Iniziative di Transizione di USAID, si concentra sull'affrontare le sfide di governance e resilienza nei paesi in via di sviluppo. Tetra Tech lavorerà per rafforzare il coinvolgimento locale, rivitalizzare le infrastrutture critiche e migliorare i servizi pubblici essenziali, inclusi i rifornimenti di acqua pulita, utilizzando approcci basati su prove.
Tetra Tech (NASDAQ: TTEK) ha sido galardonada con un contrato IDIQ por múltiples adjudicaciones de 5 mil millones de dólares por USAID para apoyar iniciativas de democracia global. El contrato de 10 años, a través de la Oficina de Iniciativas de Transición de USAID, se centra en abordar los desafíos de gobernanza y resiliencia en países en desarrollo. Tetra Tech trabajará en fortalecer la participación local, revitalizar la infraestructura crítica y mejorar los servicios públicos esenciales, incluidos los suministros de agua potable, utilizando enfoques basados en evidencia.
Tetra Tech (NASDAQ: TTEK)는 USAID로부터 50억 달러 규모의 다수 수상 IDIQ 계약을 수여받아 글로벌 민주주의 이니셔티브를 지원합니다. 이 10년 계약은 USAID의 전환 이니셔티브 사무소를 통해 이루어지며, 개발도상국의 거버넌스 및 회복력 문제 해결에 중점을 둡니다. Tetra Tech는 지역 참여 강화, 주요 인프라 재활성화 및 깨끗한 물 공급을 포함한 필수 공공 서비스 향상을 위해 증거 기반 접근 방식을 사용하여 작업할 것입니다.
Tetra Tech (NASDAQ: TTEK) a reçu un contrat IDIQ à multiples attributions de 5 milliards de dollars de USAID pour soutenir des initiatives de démocratie mondiale. Le contrat de 10 ans, par le biais du Bureau des Initiatives de Transition de USAID, se concentre sur la résolution des défis de gouvernance et de résilience dans les pays en développement. Tetra Tech travaillera à renforcer l'engagement local, à revitaliser les infrastructures critiques et à améliorer les services publics essentiels, y compris l'approvisionnement en eau potable, en utilisant des approches basées sur des données probantes.
Tetra Tech (NASDAQ: TTEK) hat von USAID einen 5 Milliarden Dollar umfassenden Vertragsrahmen mit mehreren Aufträgen erhalten, um globale Demokratieinitiativen zu unterstützen. Der 10-jährige Vertrag, der über das Büro für Übergangsinitiativen von USAID läuft, konzentriert sich auf die Bewältigung von Herausforderungen in Bezug auf Governance und Resilienz in Entwicklungsländern. Tetra Tech wird daran arbeiten, die lokale Beteiligung zu stärken, kritische Infrastruktur zu revitalisieren und essentielle öffentliche Dienstleistungen, einschließlich der Bereitstellung von sauberem Wasser, unter Verwendung evidenzbasierter Ansätze zu verbessern.
- Secured a major $5 billion USAID contract
- Long-term revenue visibility with 10-year contract duration
- Expands company's presence in government contracting sector
- Multiple-award contract structure means revenue not guaranteed
- Contract value shared among multiple awardees
Insights
Under the 10-year contract, Tetra Tech will support USAID’s Office of Transition Initiatives to address complex governance and resiliency challenges in developing countries around the world. Our technical experts will leverage evidence-based approaches to strengthen local engagement, revitalize critical infrastructure, and enhance the access and resiliency of essential public services such as clean water supplies.
“For more than four decades Tetra Tech has supported USAID to strengthen local governance systems for communities in developing countries,” said Dan Batrack, Tetra Tech Chairman and CEO. “We are pleased to continue supporting USAID in their mission to foster strong democracies around the world.”
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 28,000 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/20241028227350/en/
Jim Wu, Investor Relations
Charlie MacPherson, Media & Public Relations
(626) 470-2844
Source: Tetra Tech, Inc.
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