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Tetra Tech Wins Architect-Engineer Services Contract From USACE
TTEKTetra Tech(TTEK) ZACKS·2025-04-04 16:55

Core Viewpoint - Tetra Tech, Inc. has secured multiple significant contracts, indicating a strong growth trajectory despite facing challenges such as rising operating costs and high debt levels [1][3][7]. Group 1: Recent Contracts and Projects - Tetra Tech has been awarded a contract from the U.S. Army Corps of Engineers (USACE) for architect-engineer services, capped at 46million[1].−Thethree−yeardealinvolvesprovidingengineeringanddesignsolutionsforvariousprojects,includingroadimprovements,buildingupgrades,andsafetychecksfordamsandlevees[2].−InMarch2025,TetraTechsecuredacontractfromUnitedUtilitiesforfloodmanagementintheUK,andthreecontractsworth46 million [1]. - The three-year deal involves providing engineering and design solutions for various projects, including road improvements, building upgrades, and safety checks for dams and levees [2]. - In March 2025, Tetra Tech secured a contract from United Utilities for flood management in the UK, and three contracts worth 416 million from USACE for technical services in the Indo-Pacific region [3]. - In October 2024, the company received a 249millioncontractfromUSACEforenvironmentalevaluationanddesignservicesacrosstheU.S.[4].−Additionally,TetraTechsecureda249 million contract from USACE for environmental evaluation and design services across the U.S. [4]. - Additionally, Tetra Tech secured a 39.3 million contract from USAID to support the Engendering Industries program [4]. Group 2: Financial Performance and Market Position - Tetra Tech currently holds a Zacks Rank of 4 (Sell), with shares declining by 22.3% over the past year, compared to an 11.5% decline in the industry [5]. - The company is facing increasing operating costs and high debt levels, which may impact its profit margins in the future [7].