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Tetra Tech Wins $416M Civil Engineering Contracts From USACE
TTEKTetra Tech(TTEK) ZACKS·2025-03-19 17:00

Group 1 - Tetra Tech, Inc. (TTEK) and its joint venture partner have secured three contracts worth 416millionfromtheU.S.ArmyCorpsofEngineers(USACE)fortechnicalservicesintheIndo−Pacificregion[1]−Thefive−yearcontractsinvolvecivilworks,militarybaseinfrastructure,andplanningprojects,includingadvancedcomputermodelingandengineeringdesignservices[2]−TTEKwillconductdetailedfacilityassessmentsandfocusonoptimizingwaterresourcesinfrastructuretoenhancesustainability[3]Group2−Recently,TetraTechhasreceivedseveralcontractsthatareexpectedtodrivegrowth,includinga416 million from the U.S. Army Corps of Engineers (USACE) for technical services in the Indo-Pacific region [1] - The five-year contracts involve civil works, military base infrastructure, and planning projects, including advanced computer modeling and engineering design services [2] - TTEK will conduct detailed facility assessments and focus on optimizing water resources infrastructure to enhance sustainability [3] Group 2 - Recently, Tetra Tech has received several contracts that are expected to drive growth, including a 249 million contract from the USACE Omaha District for environmental evaluation and design services [4] - In addition, TTEK secured a 39.3millioncontractfromUSAIDfortheEngenderingIndustriesprogramanda39.3 million contract from USAID for the Engendering Industries program and a 73 million deal to enhance electricity availability in West Africa [5] - The company also obtained a $375 million contract from NASA for environmental restoration and compliance services at NASA facilities [5] Group 3 - Tetra Tech currently has a Zacks Rank of 4 (Sell) and its shares have declined by 18% over the past year, compared to an 8.4% decline in the industry [6] - The company is facing rising operating costs and high debt levels, which may impact its margins and profitability [7]