Tetra Tech, Inc.
) recently announced that it has won a contract worth $24 million
to provide technical, analytical and programmatic support services
to the U.S. Environmental Protection Agency (EPA) Brownfields and
Land Revitalization Program.
As per this contract, Tetra Tech will support EPA's Office of
Brownfields and Land Revitalization (OBLR) efforts to assess,
resolve, and revitalize properties that are affected by the
presence or potential presence of dangerous substances, pollutants
or other contaminants.
The contract spans for five years and Tetra Tech will provide a
host of technical support services, including research and
analytical support, program planning and reporting services; and
communications and training support to the EPA.
Last month, Tetra Tech announced that it has won a $17 million
contract for the excavation and construction activities related
with the environmental remediation of dioxin contamination at
Vietnam's Da Nang Airport.
Tetra Tech is a leading provider of consulting, engineering,
program management, construction and technical services focusing on
resource management and infrastructure. It serves clients by
providing cost-effective and innovative solutions for fundamental
needs like water, environmental and alternative energy
Federal bodies like The United States Agency for International
Development (USAID), the Army Corps of Engineers and the
Environmental Protection Agency (EPA) are among the company's main
clients. These bodies are all receiving significant increases in
funding even without taking stimulus spending into account. About
43.4% of the total revenue in fiscal 2011 was derived from the
federal government and state and local government.
TTEK currently holds a Zacks# 3 Rank, implying a short-term Hold
rating on the stock.
TETRA TECH NEW (TTEK): Free Stock Analysis
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