Tetra Tech – TTEK – Awarded $91 Million Remediation Contract
Tetra Tech, Inc. (NASDAQ: TTEK) announced that it has been awarded a $91 million contract to provide engineering services to investigate, design, and implement remedial actions at the National Aeronautics and Space Administration (NASA) Kennedy Space Center and Cape Canaveral Air Force Station, in Florida. This multiple-award, indefinite delivery/indefinite quantity contract has a five-year period of performance.
Under this new contract, TTEK can develop and implement contamination assessment and remedial actions at sites that are contaminated with hazardous waste, solid waste, and/or petroleum products. These activities are generally regulated under the Resource Conservation and Recovery Act (RCRA). TTEK will provide RCRA regulatory documentation, investigate contamination, develop remedial designs, and conduct groundwater and soil remediation.
About Tetra Tech – TTEK
Tetra Tech (TTEK) is a leading provider of consulting, engineering, program management, construction management, and technical services. The Company supports government and commercial clients by providing innovative solutions to complex problems focused on water, environment, energy, infrastructure, and natural resources. With more than 13,000 employees worldwide, Tetra Tech’s capabilities span the entire project life cycle.
TTEK serves public and private clients by addressing the fundamental needs for water, natural resources, environmental services, infrastructure and energy. Its solutions span the entire life cycle of the project and include applied science, research and technology, engineering, design, construction management, construction, operations and maintenance, and information technology. It operates in four segments: Engineering and Consulting Services, Technical Support Services, Engineering and Architecture Services and Remediation and Construction Management. On August 6, 2010, it acquired EBA Engineering Consultants, Ltd. In August 2011, it acquired Metalica Consultores, S.A. During the fiscal year ended October 2, 2011, it acquired BPR, Inc. and Proteus EPCM Engineers.
TTEK Business Groups
Tetra Tech aligns its business operations into four major business groups:
Engineering and Consulting Services: Provide scientific, consulting, engineering, and project management services for water resources, groundwater, watershed management, mining, geotechnical, environmental management, and information technology projects.
Technical Support Services: Provide consulting services to support international development, climate change and environmental programs, energy management, disaster management and emergency response, and staff augmentation/facilities management projects.
Engineering and Architecture Services: Provide engineering, architecture, interior and exterior design, and program administration services for water and wastewater facilities, buildings, land development projects, and transportation infrastructure.
Remediation and Construction Management: Provide program management and construction services, including design-build and design-bid-build services, for environmental remediation, infrastructure, heavy civil, military transformation, ports and harbors, energy, and communications projects.
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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