Tetra Tech wins $12.7M in MCC engineering contracts
Get Alerts TTEK Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.7%
Revenue Growth %: -0.9%
Join SI Premium – FREE
Tetra Tech, Inc. (NASDAQ: TTEK) has been awarded two contracts totaling $12.7 million by the Millennium Challenge Corporation (MCC) to provide independent engineering and technical services for infrastructure projects worldwide, according to a company statement.
The concurrent five-year contracts will have Tetra Tech engineers and technical specialists deliver consulting and due diligence services spanning early-stage needs assessments, feasibility studies, design, construction supervision, and commissioning. The work covers transport and vertical infrastructure systems including roadways, bridges, ports, airports, and logistics facilities.
The awards follow prior work Tetra Tech performed for the MCC, including a seven-year, $40 million engagement as Program Management Consultant to MCA-Mongolia on the Mongolia Water Compact, which involved water supply and wastewater recycling infrastructure.
"For almost two decades, Tetra Tech has provided high-end engineering and technical services to support MCC with their Compact planning, development, and implementation throughout the world," said Roger Argus, Tetra Tech Chief Executive Officer.
Tetra Tech is headquartered in Pasadena, California, and employs more than 25,000 people globally.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Corning (GLW) files for up to $2B offering of common shares
- Tenon Medical raises $2.87M through warrant inducement deal
- AstraZeneca's camizestrant fails primary endpoint in breast cancer trial
Create E-mail Alert Related Categories
Corporate NewsRelated Entities
Argus, Maynard Um, Mark Zuckerberg, ARKSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share