Press release from Business Wire
Tetra Tech Joint Venture Awarded $300 Million U.S. Navy Wet Utilities Contract
Wednesday, April 28, 2010
Tetra Tech Joint Venture Awarded $300 Million U.S. Navy Wet Utilities Contract16:48 EDT Wednesday, April 28, 2010 PASADENA, Calif. (Business Wire) -- Tetra Tech, Inc. (NASDAQ: TTEK) announced today that its Tetra Tech -Pascal & Ludwig Constructors joint venture has been awarded a combined $300 million capacity contract to provide design-build services for wet utilities projects primarily in Southern California. Seven contractors will compete for firm-fixed price task orders under this indefinite delivery/indefinite quantity contract with the Naval Facilities Engineering Command Southwest (NAVFAC Southwest). The contract has one base year and four one-year option periods. This contract includes new construction, renovation, alterations, and repairs to existing water utilities at U.S. Navy and other Department of Defense facilities, including water and sewer lines, wells, pumping stations, treatment plants, and storage tanks. Individual task orders will range from $500,000 to $20 million. 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 approximately 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.