TTEK Wins $19.7 Million Contract - Analyst Blog
March 05 2013 - 8:00AM
Zacks
Tetra Tech Inc.
(TTEK) recently announced that it has been awarded a $19.7 million
contract to provide technical assistance to the U.S. Agency for
International Development (USAID). The scope of the contract
primarily involves providing public utility services in Haiti.
This is a single award contract
with a term of five years. The contract will enable USAID to help
the Haitian local governments deliver different public utility
services including clean energy, clean water and sanitation.
TTEK is a leading provider of
environmental services and helps in the development of clean energy
solutions and drafts environment related public service
policies.
As per the terms of the agreement,
Tetra Tech will assist USAID in the latter’s efforts to increase
revenues accruing to local governments of Haiti. The company will
deploy its expertise to make sure that the services are sustainable
in the long run. This program will not only help the local
Government to use the central government funds, but will also
improve the transparency and accountability by encouraging more
involvement of the citizens. Apart from these direct benefits, the
program is also expected to improve the legal structure for
decentralized administration.
Earlier in Jan 2013, Tetra Tech was
awarded a $350 million contract to provide technical assistance to
the U.S. Agency for International Development (USAID) for a global
clean energy development program. The company was also offered a
$24 million contract to provide technical support for USAID’s
trans-boundary water resources management and regional climate
change adaptation program in East Africa.
Tetra Tech Inc. currently has a
Zacks #3 Rank (Hold). The other companies that can also be
considered at the moment are Clean Energy Fuels
Corp. (CLNE) and Tyco International
(TYC), both of which have a Zacks Rank #2.
CLEAN EGY FUELS (CLNE): Free Stock Analysis Report
TETRA TECH NEW (TTEK): Free Stock Analysis Report
TYCO INTL LTD (TYC): Free Stock Analysis Report
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