Tetra Tech, Inc.
) recently received a five-year, $400 million contract to provide
technical assistance to the U.S. Agency for International
Development (USAID) clean energy program development in critical
The indefinite delivery/indefinite quantity (ID/IQ) contract
will be shared by five companies, including two small
As per the terms of the contract, Tetra Tech will design clean
energy strategies in countries including Afghanistan, Iraq,
Pakistan, South Sudan and Yemen; which will help USAID address
the increasing demand for use of clean energy services.
Tetra Tech will also help government structures in the
development of clean energy solutions; analyze the environmental
impact of energy services and also bring in private sector's
involvement and investment in clean energy.
Further, Tetra Tech will assist USAID in its efforts to reduce
global warming. The program also includes improvement of foreign
and local government capacity in the energy sector to handle
natural or man-made disasters.
Earlier in Feb 2013, the company was awarded a $350 million
contract to provide technical assistance to USAID for global
clean energy development program.
Tetra Tech, a leading provider of environmental services, is
performing well in its international market, benefiting from the
rising demand for clean resources. Tetra Tech currently has a
Zacks Rank #3 (Hold).
CECO Environmental Corp
), operating in the similar industry and having a Zacks Rank #1
(Strong Buy), along with
Quanta Services Inc.
Orion Marine Group Inc.
), both having a Zacks Rank #2 (Buy), are worth considering at
CECO ENVIRNMNTL (CECE): Free Stock Analysis
ORION MARINE GP (ORN): Free Stock Analysis
QUANTA SERVICES (PWR): Free Stock Analysis
TETRA TECH NEW (TTEK): Free Stock Analysis
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