Tetra Tech Secures Extended Multiple-Award OASIS+ Contract From GSA

Core Insights - Tetra Tech, Inc. (TTEK) has secured an extended One Acquisition Solution for Integrated Services (OASIS+) contract from the Government Services Administration (GSA) for broad service areas, with financial terms undisclosed [1] - The five-year, multiple-award Indefinite Delivery Indefinite Quantity contract includes various technical service areas to support federal agencies, building on Tetra Tech's previous success under the OASIS contract, where the company earned over $725 million in project awards [2] Recent Contracts and Growth Drivers - Tetra Tech has recently received multiple contracts that are expected to drive growth, including a contract from the U.S. Army Corps of Engineers (USACE) for architect-engineer services [3] - In March 2025, Tetra Tech secured a contract from United Utilities for managing flooding and stormwater control in the UK, along with three contracts worth $416 million from USACE for technical services in the Indo-Pacific region [4] - In October 2024, Tetra Tech obtained a $249 million contract from USACE Omaha District for environmental evaluation and design services across the U.S. [5] Financial Performance and Challenges - Tetra Tech currently holds a Zacks Rank 4 (Sell), with shares declining by 27.1% over the past year, compared to a 20.5% decline in the industry [6] - The company is facing rising operating costs and expenses, which may impact margins, alongside high debt levels that could affect profitability [6]