Zacks_Analysts' Blog : Tetra Tech Extends Contract - Analyst Blog

Tetra Tech Inc. (TTEK) received a $55 million contract to continue its service for high priority pollution prevention programs together with evaluation of innovative technologies and provision of research and development support to the U.S. Environmental Protection Agency (USEPA) Office of Research and Development, National Risk Management Research Laboratory. 

Since the year 2000, the company had been in the FEATS and STREAMS contracts. The current contract, new Scientific, Technical, Research, Engineering, and Modeling Support (STREAMS) II contract, is a descendant of earlier contracts.

The contract is for a period of five years. During this term, the company will develop and evaluate techniques and devices, which can decrease pollution of air, land, and water, and re-establish ecosystems. Additional work under the contract involves treatability studies and pilot-scale investigations, risk assessments and characterization of site, development and evaluation of models, and provision of technical support to different programs including the USEPA Superfund Program, the Resource Conservation and Recovery Act (RCRA) Program, and the USEPA Office of Water.

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. It typically begins at the earliest stage of a project by applying science to problems and developing solutions tailored to clients' needs and resources. Its solutions may span the entire life cycle of the project and include applied science, research and technology, engineering, design, construction management, construction, operations and maintenance, and information technology. 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 #4 Rank (short-term Sell recommendation) over the next one-to-three months.