Tetra Tech Inc.
) bagged a $100 million contract from the U.S Department of
Defense. The contract is an indefinite-delivery
indefinite-quantity agreement, with the maximum value of $100
million inclusive of a cost plus award fee.
As per the terms of the contract, the service period may be
extended upto a maximum period of 60 months and hence, is
expected to be complete by Mar 2018. The contract requires TTEK
to provide environmental remediation services for projects at
various locations, primarily within the Naval Facilities
Engineering Command (NAVFAC) Atlantic area of responsibility
This mainly includes regions of North Carolina, Virginia and
Maryland comprising, 29%, 25% and 15% of the total area under the
supervision of AOR. Other principal geographical areas of
operation will include Connecticut (5%); Maine (5%);
Massachusetts (5%); Washington, D.C. (5%); Africa (5%);
Pennsylvania (4%); West Virginia (1%); and Vieques, Puerto Rico
NAVFAC does not intend to issue any task order as of now.
However, definitive funds will be awarded to Tetra Tech with
regard to specific Task Orders as per requirement. Tetra Tech may
be required to extend its services to any place that is included
in the AOR covered by NAVFAC Atlantic or outside of NAVFAC
Atlantic's purview (as per necessities of the Government).
Out of the total three proposals received for the contract,
Tetra Tech's was chosen and the company was awarded with this
IDIQ contract. This contract is expected to act as a protective
gadget for the company to serve and be paid for as and when
Tetra Tech Inc. currently has a Zacks #3 Rank (Hold). The
other companies that can also be considered at the moment are
Calgon Carbon Corporation
CECO Environmental Corp.
), all having a Zacks Rank #2.
CALGON CARBON (CCC): Free Stock Analysis
CECO ENVIRNMNTL (CECE): Free Stock Analysis
TETRA TECH NEW (TTEK): Free Stock Analysis
TYCO INTL LTD (TYC): Free Stock Analysis
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