Tetra Tech Wins $800 Million USAID Global Engineering Services Contract

Rhea-AI Summary

Tetra Tech, Inc. (NASDAQ: TTEK) announced the awarding of a five-year, multiple-award contract by the U.S. Agency for International Development (USAID) worth up to $800 million. This contract focuses on providing global architect-engineer services aimed at fostering sustainable economic growth, enhancing food security, and addressing global health issues. Tetra Tech's team will deliver engineering design services for climate-resilient infrastructure, which includes water supply, sanitation, and urban planning, leveraging over 15 years of partnership with USAID.

Positive

• Awarded a five-year, $800 million contract by USAID for global infrastructure services.
• Focus on sustainable economic growth and climate-resilient infrastructure projects.
• Over 15 years of experience working with USAID enhances credibility and potential project success.

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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 Tetra Tech a multiple-award contract to provide global infrastructure services with a shared capacity of $800 million.

Under the five-year contract Tetra Tech will provide global architect-engineer services to USAID to drive sustainable economic growth, expand educational opportunities, enhance food security, protect the environment, and address global health challenges.

Tetra Tech’s engineers, scientists, and architects will provide comprehensive engineering design services to support the development of climate- and seismic-resilient infrastructure programs including water supply and sanitation, transportation, solid waste, electrical grids, and master planning of urban and commercial zones.

The U.S. Agency for International Development administers the U.S. foreign assistance program providing economic and humanitarian assistance in more than 100 countries worldwide.

“Tetra Tech has provided engineering support services to USAID for more than 15 years,” said Dan Batrack, Tetra Tech Chairman and CEO. “We look forward to continuing to apply our Leading with Science^® approach to design climate-resilient infrastructure across the globe.”

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/20210916005194/en/

Jim Wu, Investor Relations

Charlie MacPherson, Media & Public Relations

(626) 470-2844

Source: Tetra Tech, Inc.

FAQ

What is the Tetra Tech contract awarded by USAID about?

Tetra Tech was awarded a five-year contract by USAID valued at up to $800 million to provide global architect-engineer services for sustainable infrastructure projects.

How much is the USAID contract awarded to Tetra Tech?

The contract awarded to Tetra Tech by USAID is worth up to $800 million.

What types of services will Tetra Tech provide under the USAID contract?

Tetra Tech will provide engineering design services for climate- and seismic-resilient infrastructure, including water supply, sanitation, and urban planning.

How long has Tetra Tech been working with USAID?

Tetra Tech has been providing engineering support services to USAID for more than 15 years.

What are the goals of the services provided by Tetra Tech under the USAID contract?

The services aim to promote sustainable economic growth, expand educational opportunities, enhance food security, and address global health challenges.