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PASADENA, Calif. - Engineering firm Tetra Tech, Inc. (NASDAQ:TTEK), a $10 billion market cap company with annual revenues exceeding $4.5 billion, has secured a $10 million contract from California’s West Basin Municipal Water District to modernize the process control system at water treatment facilities serving nearly one million people across 17 cities in Los Angeles County, according to a press release statement.
Under the contract, Tetra Tech will provide digital systems engineering and technical services to replace and upgrade the distributed control system for West Basin MWD’s advanced water recycling facilities. The work includes platform evaluation and selection, design, preparation of plans and technical specifications, and automation system programming and integration.
The modernization aims to enhance operational efficiency, cybersecurity, and reliability of the district’s water treatment infrastructure.
West Basin Municipal Water District operates water recycling facilities as part of its Water for Tomorrow program, which focuses on drought resilience and diversification of water supplies to communities across coastal Los Angeles.
"We are pleased to use our Leading with Science approach to strengthen the critical digital automation systems that support West Basin’s Water for Tomorrow program," said Dan Batrack, Tetra Tech Chairman and CEO.
Tetra Tech, headquartered in Pasadena, California, employs approximately 30,000 people and specializes in water, environment, and sustainable infrastructure projects worldwide. The company operates with moderate debt levels and maintains strong profitability metrics. For deeper insights into Tetra Tech’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro, which offers exclusive ProTips and detailed research reports.
In other recent news, Tetra Tech has reported notable achievements in securing contracts and receiving analyst attention. The company 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. Additionally, Tetra Tech secured a $94 million contract from the U.S. Environmental Protection Agency to support emergency response activities in Region 7. These developments highlight Tetra Tech’s expanding role in both military and environmental sectors.
Analysts have also adjusted their outlooks on Tetra Tech following its recent earnings report. RBC Capital Markets lowered its price target to $48, citing strong second-quarter results that exceeded expectations, while maintaining an Outperform rating. KeyBanc Capital Markets raised its price target to $41, reflecting optimism after the company reported a year-over-year EBITDA margin expansion and projected 10% core revenue growth for fiscal year 2025. These analyst updates underscore the company’s robust financial performance and strategic positioning. Meanwhile, Adecoagro S.A. announced its Annual General Meeting for shareholders, scheduled for June 2025 in Luxembourg.
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