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PASADENA, Calif. - Tetra Tech, Inc. (NASDAQ:TTEK) has secured a $249 million multiple-award contract from the U.S. Army Corps of Engineers (USACE), Mobile District, the company announced in a press release statement. The engineering firm, with a market capitalization of $8.37 billion, continues to expand its government services portfolio.
The five-year contract covers architect-engineer services to support environmental assessment, water management, and project design at facilities worldwide. Under the agreement, Tetra Tech will provide environmental services to help the U.S. Department of Defense manage water resources and protect human health and the environment. This contract adds to Tetra Tech’s robust revenue stream, which reached $4.6 billion over the last twelve months with 8.59% growth. InvestingPro analysis suggests the stock is currently undervalued compared to its Fair Value, with analysts setting price targets between $40-$47. The company’s financial health is rated as "GOOD" with a moderate debt level.
The company’s work will include compliance, planning, pollution prevention, conservation, restoration, remediation, and sustainment projects at military, civil, and federal sites.
"Tetra Tech has supported the USACE in building the infrastructure that supports U.S. national security for more than 40 years," said Dan Batrack, Tetra Tech Chairman and CEO.
The contract adds to Tetra Tech’s portfolio of government services work. The Pasadena-based firm employs approximately 30,000 people globally and specializes in consulting and engineering services for water, environment, and sustainable infrastructure projects.
This contract represents a continuation of Tetra Tech’s longstanding relationship with the Army Corps of Engineers, which spans over four decades according to the company.
In other recent news, Tetra Tech Inc. reported significant financial growth in its third-quarter earnings for fiscal year 2025. The company achieved a net revenue of $1.06 billion, marking an 11% increase compared to the previous year. Additionally, Tetra Tech’s earnings per share rose by an impressive 46% to $0.41. Despite these strong financial results, the company’s stock price saw a decline after market hours. In a separate development, Tetra Tech has been selected by Portsmouth Water to provide engineering design and technical support services in Southern England. The firm will focus on improving water infrastructure, including reservoirs, pipes, and treatment plants, benefiting over 700,000 people. This project also involves modernizing water delivery networks and implementing advanced asset management systems. These developments highlight Tetra Tech’s ongoing efforts to expand its services and enhance its financial performance.
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