Leading technical services provider
Tetra Tech, Inc.
) recently announced that it has received a $243 million contract
from the National Guard Bureau Environmental Engineering Support
Services for providing diverse services in the U.S. and its
surrounding areas. The contract, valid for one base year, can be
extended up to two option years.
The multiple-award contract requires Tetra tech to provide
services such as, Environmental Engineering, Professional and
Technical Support for the U.S. defense bases like Air National
Guard and the Army National Guard.
Apart from providing these services, the contract also
includes restoration and cleaning up of the area after necessary
assessments. Tetra Tech will also need to comply with
environmental norms during the course of the project and take
steps to prevent pollution.
Tetra Tech is a leading player in providing services like
consulting, engineering and program management. It also supports
commercial clients by offering integrated solutions for
environmental services, water, energy, infrastructure and natural
resources. This contract will strengthen the company's federal
work, which contributed about 26% of the total revenue in the
last-reported quarter (first-quarter 2014).
This apart, the company operates globally and serves public
and private clients. As demand for water and natural resources
have increased, governments all around the world have started to
take up environmentally sound initiatives. Hence, the industry
looks modestly promising for the company's growth.
However, the news failed to cheer the investors and the
company's share prices inched down 0.7% on Feb 11, following the
company's announcement on Monday (Feb 10).
Tetra Tech currently carries a Zacks Rank #2 (Buy). However,
other stocks in the same industry that are worth considering
Sharps Compliance Corp.
Heritage-Crystal Clean, Inc
Pure Cycle Corporation
). While Sharps Compliance carries a Zacks Rank #1 (Strong Buy),
Heritage-Crystal and Pure Cycle Corporation both carry a Zacks
HERITAGE-CRYSTL (HCCI): Free Stock Analysis
PURE CYCLE CORP (PCYO): Free Stock Analysis
SHARPS COMPLIAN (SMED): Free Stock Analysis
TETRA TECH NEW (TTEK): Free Stock Analysis
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