Press release from Business Wire
Tetra Tech Awarded $50 Million Millennium Challenge Corporation A/E Services Contract
Monday, August 09, 2010
Tetra Tech Awarded $50 Million Millennium Challenge Corporation A/E Services Contract09:00 EDT Monday, August 09, 2010 PASADENA, Calif. (Business Wire) -- Tetra Tech, Inc. (NASDAQ: TTEK) announced today that it has been awarded a $50 million contract to provide indefinite delivery/indefinite quantity (ID/IQ) architecture/engineering (A/E) services in support of Millennium Challenge Corporation (MCC) infrastructure improvement projects in more than 25 developing countries in Latin America, Africa, Eurasia, and the Middle East. The ID/IQ contract has a five-year base period. Task orders will be competitively awarded amongst multiple ID/IQ contract holders for these services. The new A/E services contract covers water resource management and water supply projects; construction and rehabilitation of roads, ports, airports, and railroads; sanitation improvements; energy and power resource development projects; and industrial and institutional facilities, among other projects. Tetra Tech will provide a range of consulting and engineering services, including development, assessment, design, monitoring, and evaluation. Tetra Tech's Chairman and CEO Dan Batrack said, “This A/E services contract offers Tetra Tech the potential to significantly expand our work with the MCC. The contract will help improve access to clean water and basic infrastructure necessities for communities in developing countries around the world.” About the Millennium Challenge Corporation (www.mcc.gov) The MCC is an innovative and independent U.S. foreign aid agency that is helping lead the fight against global poverty. 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.