Markets

Tetra Tech Wins FAA Contract - Analyst Blog

Leading technical services provider, Tetra Tech Inc . ( TTEK ), 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 Support Services.

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 areas.

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 $1.60-$1.80.

Currently, Tetra Tech has a Zacks Rank #3 (Hold). Some better-ranked stocks that warrant a look in the pollution control industry include Fuel-Tech, Inc . ( FTEK ), Landauer Inc . ( LDR ) and Pure Cycle Corp. ( PCYO ). All three carry a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

TETRA TECH NEW (TTEK): Free Stock Analysis Report

FUEL TECH INC (FTEK): Free Stock Analysis Report

PURE CYCLE CORP (PCYO): Free Stock Analysis Report

LANDAUER INC (LDR): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

FTEK ASH TTEK PCYO

Other Topics

Stocks

Latest Markets Videos

    Zacks

    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

    Learn More