Tetra Tech Gets USAID Order

Tetra Tech, Inc. (TTEK - Analyst Report) announced the award of a $63 million task order to provide architect/engineering (A/E) services for the U.S. Agency for International Development (USAID) in support of sustainable infrastructure development programs in Afghanistan.

This five-year program is Tetra Tech’s first major award under the USAID global A/E infrastructure services contract announced in October 2008.

Working with the USAID Office of Infrastructure, Engineering, and Energy, Tetra Tech will identify, plan, design, and provide engineering support for urban and rural water supply and sanitation systems; vertical structures including schools and government facilities; power transmission and generation projects; and transportation systems, among other development-related projects nationwide.

U.S. foreign assistance has always had the twofold purpose of furthering America's foreign policy interests in expanding democracy and free markets while improving the lives of the citizens of the developing world. Spending less than one-half of 1 percent of the federal budget, USAID works around the world to achieve these goals.

Tetra Tech provides consulting, engineering, program management, construction, and technical services for resource management, infrastructure, and environment in the United States and internationally. Its services include applied science, research and technology, engineering, design, construction management, construction, operations and maintenance, and information technology. The company was founded in 1966 and is headquartered in Pasadena, California. Major competitors are Shaw Group Inc. (SHAW - Snapshot Report) and URS Corp. (URS - Analyst Report).

We currently have a Neutral recommendation on TTEK.

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