Tetra Tech Inc.’s (TTEK) subsidiary received a Environmental Multiple Award Contract (EMAC) to provide environmental remediation services at U.S. Navy, Marine Corps, and other Department of Defense locations, mainly in California and the southwestern United States. This is a $200 million contract awarded to four firms, Tetra Tech being one of them. The contract is an add-on to the company’s backlog. The Naval Facilities Engineering Command (NAVFAC) of Southwest and Atlantic areas are supported by the EMAC and includes the U.S. trust territories of Puerto Rico and Guam. The main aim of EMAC is to restore the sites, which have been contaminated. Remedial actions, removal actions, and remedial design; operation and maintenance services; pilot and treatability studies; and other actions required for the restoration work are among the task of Tetra Tech EC. The contract is for a period of one year and has the option to be extended four times by one year. This is a indefinite delivery/indefinite quantity contract and is of a firm-fixed-price nature. Tetra Tech Inc. is a leading provider of consulting, engineering, program management, construction and technical services focusing on resource management and infrastructure. It serves clients by providing cost-effective and innovative solutions to fundamental needs for water, environmental and alternative energy services. Major competitors of Tetra Tech are Arcadis NV, Shaw Group Inc. (SHAW) and URS Corporation (URS). We currently maintain our Neutral rating on Tetra Tech Inc. with a Zacks #2 Rank (short-term Buy recommendation) over the next one-to-three months. SHAW GROUP INC (SHAW): Free Stock Analysis Report To read this article on Zacks.com click here.
updated May 16, 2012
Sign up to get our newsletter with money saving tips, travel hacks and more - no spam.
discounts & deals from all banks in one app?
At GET.com we compare credit cards and rate them objectively based on the credit card's features, interest rates and fees.
Cards are rated by our team based primarily on the basis of value for money to the cardholder. The GET.com team rates each card based on its annual fee, rewards, benefits, bonus, introductory APR, ongoing APR, flexibility (in how its benefits can be used and how rewards are earned and redeemed), and other card features.