Tetra Tech Wins $22 Million USAID Urban Water and Sanitation Contract

Rhea-AI Summary

Tetra Tech, Inc. (NASDAQ: TTEK) has received a five-year, $22 million contract from the U.S. Agency for International Development (USAID) to enhance sustainable water, sanitation, and hygiene (WASH) practices and climate-resilient water resource management (WRM). This project, part of the URBAN WASH program, aims to improve equitable access to water and sanitation in urban areas globally. Tetra Tech will leverage its expertise to create impactful policies through collaboration with various stakeholders.

Positive

• Awarded a five-year, $22 million contract from USAID for WASH and WRM.
• Focus on sustainable and equitable access to water and sanitation services.

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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 the U.S. Agency for International Development (USAID) awarded the Company a five-year, $22 million, single-award global contract to improve sustainable water, sanitation, and hygiene (WASH) and promote climate-resilient water resource management (WRM).

Tetra Tech’s team of water and sanitation experts and researchers will provide technical services to support the USAID Urban Resilience by Building partnerships and Applying New evidence in WASH (URBAN WASH) program. Our teams will generate evidence for more impactful, sustainable, equitable, and climate-resilient WASH and WRM policy and programming in urban and peri-urban areas as well as support high-impact WASH and WRM interventions through collaboration with researchers, the private sector, civil society groups, government bodies, and multilateral institutions.

“Climate change poses significant challenges to provide safe and reliable water supplies for communities,” said Dan Batrack, Tetra Tech Chairman and CEO. “Tetra Tech has supported USAID to improve sustainable and equitable access to water and sanitation in developing countries for more than 40 years and we look forward to continuing to support USAID to enhance access to reliable water and sanitation services in urban settings worldwide.”

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/20211109005456/en/

Jim Wu, Investor Relations

Charlie MacPherson, Media & Public Relations

(626) 470-2844

Source: Tetra Tech, Inc.

FAQ

What contract did Tetra Tech win from USAID?

Tetra Tech won a five-year, $22 million contract from USAID to improve sustainable water and sanitation practices.

How will the USAID contract impact Tetra Tech's operations?

The contract will enable Tetra Tech to provide technical services to enhance WASH and WRM initiatives globally.

What is the purpose of the URBAN WASH program?

The URBAN WASH program aims to support sustainable and equitable access to water and sanitation in urban and peri-urban areas.

How long is the contract with USAID?

The contract with USAID is for five years.

What is the stock symbol for Tetra Tech?

The stock symbol for Tetra Tech is TTEK.