Tetra Tech joins $990 million contract for Indo-Pacific infrastructure

PASADENA - Tetra Tech, Inc. (NASDAQ:TTEK), a $9.95 billion market cap engineering firm with strong financial health according to InvestingPro analysis, has been selected as part of the MVL USA Inc. team for a $990 million multiple-award contract to provide architect-engineer services across the Indo-Pacific region, the company announced in a press release Tuesday.

Under the contract with Naval Facilities Engineering Systems Command (NAVFAC) Pacific, Tetra Tech will serve as MVL USA’s lead designer of record to support infrastructure delivery for the Pacific Deterrence Initiative.

The engineering firm will provide design-build services for new facilities, repairs, renovations, and upgrades to various infrastructure including buildings, bridges, roads, airfield runways, hangars, fuel storage, and other base infrastructure across more than 15 countries in the region.

"Tetra Tech has supported NAVFAC Pacific in their mission to deliver vital infrastructure to support the U.S. Navy in the Indo-Pacific Region for decades," said Dan Batrack, Tetra Tech Chairman and CEO.

The contract aims to accelerate the delivery of resilient infrastructure projects throughout the Indo-Pacific, supporting U.S. military modernization efforts and national security objectives.

Tetra Tech, which describes itself as a provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, employs approximately 30,000 people worldwide.

The company did not disclose the specific timeline for project implementation or the exact allocation of the contract value between the partners in the MVL USA team.

In other recent news, Tetra Tech has been awarded several significant contracts, highlighting its ongoing success in securing major projects. The U.S. Environmental Protection Agency awarded Tetra Tech a $94 million contract for emergency response services, focusing on chemical and hazardous materials incidents. Additionally, Tetra Tech secured a $248 million contract from the U.S. Army Corps of Engineers to provide architect-engineer services for U.S. military facilities in Europe. Another notable contract includes a $10 million deal with California’s West Basin Municipal Water District to upgrade water treatment facilities.

In financial developments, RBC Capital Markets adjusted its price target for Tetra Tech to $48, down from $49, while maintaining an Outperform rating. This adjustment follows Tetra Tech’s second fiscal quarter results, which exceeded expectations, and an updated forecast for fiscal year 2025. RBC Capital noted that Tetra Tech’s base business is well-positioned for growth in fiscal year 2026 and beyond. Meanwhile, Adecoagro S.A. has announced its Annual General Meeting for shareholders, scheduled for June 6, 2025, in Luxembourg. Shareholders on record as of May 2, 2025, are eligible to participate in the meeting.

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