Financial News
Tetra Tech Wins $110 Million USACE Dam Safety and Risk Management Contract
Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, announced today that the U.S. Army Corps of Engineers (USACE), Sacramento District awarded a Tetra Tech-led joint venture a multiple-award contract to assess and manage risks for dams and levee systems in the western United States for a period up to five years.
Tetra Tech will perform site characterization studies, environmental assessments, engineering evaluations, and hydrologic analyses related to the safety of dams and levee systems. Our team will use advanced analytics and predictive modeling to assess structural integrity and design risk-based management approaches for dam and levee safety.
“Increased impacts from climate change have placed the nation’s dam and levee systems under additional stress from extreme weather events,” said Dan Batrack, Tetra Tech Chairman and CEO. “Tetra Tech looks forward to continuing to use our Leading with Science® approach to support the USACE in reducing flood risks, maintaining public safety, and restoring ecosystems.”
About Tetra Tech
Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 21,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development. We are Leading with Science® to provide sustainable and resilient solutions for our clients. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn, Twitter, and Facebook.
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 Form 10-Q filings with the Securities and Exchange Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211102005344/en/
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