Tetra Tech (TTEK) Awarded $700M USAID Contract to Support REPLACE Program

February 10, 2014 2:50 PM EST
Tetra Tech, Inc. (Nasdaq: TTEK) announced that it has been awarded a $700 million contract to provide technical services to the U.S. Agency for International Development (USAID) in supporting sustainable, long-term management of natural resources through the Restoring the Environment through Prosperity, Livelihoods and Conserving Ecosystems (REPLACE) program. This is a multiple-award indefinite delivery indefinite quantity contract (IDIQ) and has a five-year period of performance.

Under this contract, Tetra Tech will use integrated watershed management approaches to conserve natural resources and maintain key ecosystem goods and services, while ultimately enhancing the livelihoods and economic options of local communities. Tetra Tech will support USAID in addressing issues of biodiversity conservation and sustainable forestry, climate change adaptation and mitigation, as well as resource-based conflict prevention and resource-based policy reform.

“Throughout our history, Tetra Tech has focused on solutions in the water and environment sectors,” said Dan Batrack, Tetra Tech’s Chairman and CEO. “We look forward to expanding our relationship with USAID to provide the broad range of services this contract requires.”

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