Press release from Business Wire
Tetra Tech Awarded $29 Million USACE Hurricane Risk Reduction Contract
Monday, May 24, 2010
Tetra Tech Awarded $29 Million USACE Hurricane Risk Reduction Contract09:00 EDT Monday, May 24, 2010 PASADENA, Calif. (Business Wire) -- Tetra Tech, Inc. (NASDAQ: TTEK) announced today that it has been awarded a $29 million contract to build a storm protection system for the U.S. Army Corps of Engineers (USACE) in New Orleans. This firm-fixed-price project in St. Charles Parish is the third such hurricane risk reduction contract that Tetra Tech has won since August 2009. Tetra Tech will construct levees, sector and sluice gates, and related hurricane risk reduction infrastructure. The new work is expected to be completed in August 2011. Tetra Tech will execute this contract from its New Orleans-area offices, with support from other local Louisiana business partners. “In this area of New Orleans, extremely low elevations make residents and businesses vulnerable to flooding, even during moderate tropical storms,” said Dan Batrack, Tetra Tech's Chairman and CEO. “Tetra Tech is proud to support the USACE in its efforts to reduce the risk of storm damage and flooding in the Gulf Coast region.” 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.