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PASADENA, Calif. - The U.S. Environmental Protection Agency has awarded Tetra Tech, Inc. (NASDAQ:TTEK) a $94 million single-award contract to provide technical services for the Superfund Technical Assessment & Response Team in EPA Region 7, according to a company press release.
The seven-year contract will involve Tetra Tech’s scientists, engineers, and technical specialists supporting preparedness and response activities for various emergencies, including chemical and hazardous materials releases, oil spills, industrial accidents, and natural disasters.
Under the agreement, Tetra Tech will oversee time-critical cleanup actions, perform contaminated site assessments, and conduct training and community outreach. The company will also implement technologies for collecting and streaming real-time field data to support emergency decision-making.
"Tetra Tech has supported EPA’s START program for 30 years, providing technical services in 36 states, Puerto Rico, and the District of Columbia," said Dan Batrack, Tetra Tech Chairman and CEO.
EPA Region 7 encompasses Iowa, Kansas, Missouri, Nebraska, and nine Tribal Nations. The START program is part of the EPA’s emergency response framework designed to address environmental emergencies and hazardous situations.
Tetra Tech, based in Pasadena, California, employs approximately 30,000 people and specializes in water, environment, and sustainable infrastructure projects. The company provides consulting and engineering services for projects worldwide.
The contract represents a continuation of Tetra Tech’s long-standing relationship with the EPA’s emergency response initiatives.
In other recent news, Tetra Tech reported impressive second-quarter earnings for fiscal year 2025, surpassing analysts’ expectations with earnings per share of $0.33 and revenue of $1.32 billion, both exceeding forecasts. The company’s Government Services Group led the growth with a 12% year-over-year revenue increase. Tetra Tech also secured a new $1.5 billion credit facility to support future growth. In another development, Tetra Tech was awarded a $248 million contract by the U.S. Army Corps of Engineers to provide architect-engineer services for U.S. military installations in Europe. This contract continues Tetra Tech’s collaboration with the U.S. Department of Defense. On the analyst front, RBC Capital Markets adjusted Tetra Tech’s stock price target to $48 while maintaining an Outperform rating, citing confidence in the company’s potential for growth. Meanwhile, KeyBanc Capital Markets raised its price target for Tetra Tech shares to $41, highlighting the company’s strong financial performance and strategic direction. These developments reflect Tetra Tech’s robust positioning and strategic initiatives in the engineering and consulting services sector.
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