Press release from Business Wire
Tetra Tech Awarded $50 Million Environmental Remediation Services Contract with USACE Omaha District
Monday, May 17, 2010
Tetra Tech Awarded $50 Million Environmental Remediation Services Contract with USACE Omaha District09:00 EDT Monday, May 17, 2010 PASADENA, Calif. (Business Wire) -- Tetra Tech, Inc. (NASDAQ: TTEK) announced today that it has been awarded a $50 million contract to provide environmental remediation services for the U.S. Army Corps of Engineers, Omaha District, in locations nationwide including Alaska, Hawaii, and the U.S. territories. Three large businesses will share in the $50 million ceiling value for this indefinite delivery/indefinite quantity contract, which has a base period of three years and two option years. This is a new contract for Tetra Tech. Tetra Tech will provide a wide variety of environmental services to remediate and help prevent the spread of environmental contamination from pollutants, toxic substances, and hazardous materials at known or suspected Hazardous, Toxic, and Radioactive Waste (HTRW) sites. The contract also includes incidental munitions response activity at designated sites. 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.