Tetra Tech Wins $86 Million Federal Technology Services Contract

Rhea-AI Summary

Tetra Tech, Inc. (NASDAQ: TTEK) has secured an $86 million contract to provide IT support for U.S. Space Force systems. This 6.5-year agreement will see Tetra Tech's Federal IT Group deliver technology services essential for mission-critical operations. The company's Chairman and CEO, Dan Batrack, emphasized leveraging their Leading with Science approach to enhance system management. Tetra Tech aims to provide integrated digital solutions for timely information delivery across these critical facilities.

Positive

• Awarded an $86 million contract to provide IT support to U.S. Space Force.
• The contract spans 6.5 years, providing long-term revenue stability.
• Tetra Tech will leverage its Leading with Science approach for enhanced service delivery.

Negative

• 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 an $86 million contract to provide information technology (IT) support to mission-critical systems for the U.S. Space Force, Space Systems Command.

Under this 6.5-year contract, the Tetra Tech Federal IT Group will provide technology services for mission-critical facilities. Our technical experts will provide cutting-edge technology systems support and integrated digital solutions to ensure consistent, timely delivery of key information.

“Tetra Tech will use its Leading with Science^® approach and leverage its Federal IT resources and capabilities to support the management of these mission-critical systems,” said Tetra Tech Chairman and CEO Dan Batrack.

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/20221116005930/en/

Jim Wu, Investor Relations

Charlie MacPherson, Media & Public Relations

(626) 470-2844

Source: Tetra Tech, Inc.

FAQ

What is Tetra Tech's recent contract award value?

Tetra Tech was awarded an $86 million contract.

Who is the contract with for Tetra Tech?

The contract is with the U.S. Space Force.

How long is the Tetra Tech contract duration?

The contract is for 6.5 years.

What type of services will Tetra Tech provide under this contract?

Tetra Tech will provide IT support for mission-critical systems.

Which division of Tetra Tech is involved in this contract?

The Tetra Tech Federal IT Group is responsible for the contract.