Tetra Tech, Inc. (TTEK Quick QuoteTTEK - Free Report) has secured a $249 million contract from the U.S. Army Corps of Engineers (USACE) Omaha District to offer environmental evaluation and design services for facilities and sites across the United States.

Per the seven-year, multiple-award deal, TTEK’s scientists, engineers and technical experts will deliver various environmental services. This includes creating water resource management plans, evaluating and protecting ecosystems and designing sustainable building features to enhance water and energy efficiency.

Lately, Tetra Tech has received a series of deals that are likely to drive its growth. In September 2024, it secured a $39.3 million contract from the United States Agency for International Development (USAID). The latest deal will involve the company supporting USAID’s Engendering Industries program.

In July 2024, the company received a $73 million deal from USAID to enhance the availability of cost-effective and dependable electricity across 18 nations in West Africa. Also, in March 2024, it secured a $375 million multiple-award contract from the National Aeronautics and Space Administration (NASA). Per the five-year contract, Tetra Tech will offer environmental restoration and compliance services at NASA facilities across the United States.

In January 2024, the company secured a $34 million contract from USAID. Per the deal, TTEK will support the USAID Integrated Land and Resource Governance II project, which is aimed at promoting sustainable economic development through better land rights governance. Also, in the same month, it secured a $24 million, single-award deal from USAID to conserve biodiversity and natural resources in Cambodia.

TTEK’s Zacks Rank and Price Performance

Tetra Tech currently carries a Zacks Rank #4 (Sell). Shares of the company have gained 54.7% in the past year compared with the industry‘s 36.8% growth.

Image Source: Zacks Investment Research

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