Press release from Business Wire
Tetra Tech Awarded $100 Million Multiple-Award Contract to Support Building and Renovating U.S. Diplomatic Facilities Worldwide
Wednesday, May 01, 2013
Tetra Tech Awarded $100 Million Multiple-Award Contract to Support Building and Renovating U.S. Diplomatic Facilities Worldwide16:37 EDT Wednesday, May 01, 2013
PASADENA, Calif. (Business Wire) -- Tetra Tech, Inc. (NASDAQ: TTEK) announced today that its subsidiary PRO-telligent was awarded a $100 million indefinite delivery/indefinite quantity (ID/IQ) contract to support the U.S. Department of State in building and renovating its diplomatic facilities worldwide. Tetra Tech will provide a full range of architecture and engineering support services to the U.S. Department of State's Bureau of Overseas Buildings Operations.
“This contract is an expansion of our previous support to the State Department, where we provide a wide range of services for their essential facilities,” said Tetra Tech's Chairman and CEO Dan Batrack. Multiple companies, including several large and several small businesses, will share in the ID/IQ contract. Tetra Tech's contract has a ceiling value of $100 million over the five-year ordering period.
About Tetra Tech (www.tetratech.com)
Tetra Tech is a leading provider of consulting, engineering, program management, construction management, and technical services. The Company supports government and commercial clients by providing innovative solutions to complex problems focused on water, environment, energy, infrastructure, and natural resources. With more than 14,000 staff 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.
Tetra Tech, Inc.
Jim Wu, Investor Relations
Charlie MacPherson, Media & Public Relations