Tetra Tech EC, an operating unit of
Tetra Tech, Inc
), recently won a $100 million contract from the U.S. Navy to
provide environmental remediation services at various Department
of Defense (DoD) installations across the country. Under this
indefinite delivery/indefinite quantity (ID/IQ) award, Tetra Tech
will be paid an award fee in addition to the cost of the
contract. The award has a one-year base period with an option to
extend it for four additional years
Per the U.S. Navy Unrestricted Remedial Action Contract (RAC)
VI, Tetra Tech EC is expected to actively participate for the
remedial action requirements of the U.S. Navy. Additionally, to
support the Southwest division of Naval Facilities Engineering
Command (NAVFAC), Tetra Tech EC is expected to perform removal
actions, expedite and emergency response actions, pilot and
treatability studies, facilities operation and maintenance, and
other related activities.
Tetra Tech remediation program will provide services to
various DoD installations including Alaska, Arizona,
California, Colorado, Nevada, New Mexico, Oregon, Utah,
Washington, and other installations within the NAVFAC Atlantic
The recent contract win is the fourth such consecutive
contract awarded by the U.S. Navy to Tetra Tech. In Mar 2013, the
company had received a similar contract for 5 years to provide
environmental remediation services in the Atlantic area.
Tetra Tech is a leading player in providing services like
consulting, engineering and program management. Tetra Tech also
supports the government and the commercial clients by providing
solutions in environmental services, water, energy,
infrastructure and natural resources.
Tetra Tech currently carries a Zacks Rank #5 (Strong Sell).
The company's stock prices have crashed 12% since its management
lowered the financial guidance for the third quarter of fiscal
2013 to a loss of 30 cents to 50 cents per share from an earlier
guidance of 32 cents to 42 cents earnings per share.
Some of the better placed stocks within the Pollution Control
industry worth a look are
Casella Waste Systems Inc.
Calgon Carbon Corporation
). While CECO carries a Zacks Rank#1 (Strong Buy), Casella and
Calgon each carry a Zacks Rank #2 (Buy).
CALGON CARBON (CCC): Free Stock Analysis
CECO ENVIRNMNTL (CECE): Free Stock Analysis
CASELLA WASTE (CWST): Free Stock Analysis
TETRA TECH NEW (TTEK): Free Stock Analysis
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