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Tetra Tech Wins $248M Architect Engineering Contract From USACE
ZACKS· 2025-07-09 15:06
Core Insights - Tetra Tech, Inc. (TTEK) has secured a $248 million contract from the U.S. Army Corps of Engineers (USACE) for architect-engineer services in the EUCOM region [1][9] - The five-year contract involves multidisciplinary design services across eight European countries, supporting military infrastructure [2][9] - Tetra Tech has recently won multiple contracts that are expected to drive growth, including a $249 million contract for environmental services in the U.S. [3][5] Contract Details - The contract with USACE includes services such as conceptual and detailed design, planning, 3D modeling, and various engineering services [2][9] - Tetra Tech's recent contracts also include a deal for flood management in the UK and three contracts worth $416 million for technical services in the Indo-Pacific region [4] Financial Performance - Tetra Tech's shares have increased by 24.3% over the past three months, outperforming the industry average growth of 17.7% [6] - The company is experiencing growth due to its focus on high-end consulting and engineering services, particularly in its Government Services Group [6] Challenges - Rising selling, general, and administrative expenses, particularly in marketing, may impact Tetra Tech's profit margins in the future [8] - The company's international operations expose it to foreign currency risks [8]
Tetra Tech Secures Extended Multiple-Award OASIS+ Contract From GSA
ZACKS· 2025-04-09 15:25
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]