Tetra Tech Wins $500 Million National Design-Build Contract with the U.S. Coast Guard
Tetra Tech, Inc. (NASDAQ: TTEK) announced today that the TtEC-Tesoro
Joint Venture was awarded a National Multiple Award Construction
Contract (NMACC) with the U.S. Coast Guard that has a ceiling up to $500
million. The new contract will be used to execute construction and
design-build projects at U.S. Coast Guard installations and U.S.
Department of Homeland Security facilities across the United States and
U.S. territories. The NMACC may include a variety of operational,
waterfront, housing, and medical facilities, among other projects. Four
other contractors were each awarded contracts with $500 million ceilings
under this $2.5 billion total capacity, seven-year, indefinite
delivery/indefinite quantity contract.
Tetra Tech’s CEO, Dan Batrack, said, “This contract represents a
significant expansion in our contracting capacity for the U.S. Coast
Guard and U.S. Department of Homeland Security.”
About Tetra Tech (www.tetratech.com)
Tetra Tech is a leading provider of consulting, engineering, program
management, construction, and technical services addressing the resource
management and infrastructure markets. The Company supports government
and commercial clients by providing innovative solutions focused on
water, the environment, and energy. With more than 10,000 employees
worldwide, Tetra Tech’s capabilities span the entire project life cycle.
Any statements made in this release that are not based on historical
fact are forward-looking statements. Any forward-looking
statements made in this release represent management’s best judgment as
to what may occur in the future. However, Tetra Tech’s actual
outcome and results are not guaranteed and are subject to certain risks,
uncertainties and assumptions ("Future Factors"), and may differ
materially from what is expressed. For a description of Future
Factors that could cause actual results to differ materially from such
forward-looking statements, see the discussion under the section "Risk
Factors" included in the Company’s Form 10-K and 10-Q filings with the
Securities and Exchange Commission.
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