Leading technical services provider,
Tetra Tech Inc
), received a contract from the Federal Aviation Administration's
(FAA) Office of Security and Hazardous Materials Safety (ASH)
Information Technology Support Services.
Per the contract, Tetra Tech will primarily provide extended
programmatic and operational support services for FAA's information
technology and security programs. The one-year contract, valued at
$76 million, can be extended up to four years.
Apart from the support services, Tetra Tech will offer
specialized cyber security services and help manage hazardous
materials tracking systems. Tetra Tech has a decade long history of
offering services to FAA's Office of (ASH) Information Technology
In Feb 2014, Tetra Tech received a $243 million contract from
the National Guard Bureau Environmental Engineering Support
Services for providing diverse services in the U.S. and surrounding
Tetra Tech is a leading provider of 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.
The company posted a strong second quarter fiscal 2014 with both
earnings and revenues surpassing the Zacks Consensus Estimate by
23.1% and 18.7%, respectively. Further, the company raised its
earnings guidance for fiscal 2014. Earnings per share are expected
in the band of $1.75-$1.85 as compared with the prior projection of
Currently, Tetra Tech has a Zacks Rank #3 (Hold). Some
better-ranked stocks that warrant a look in the pollution control
Pure Cycle Corp.
). All three carry a Zacks Rank #2 (Buy).
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