Tetra Tech Wins $300 Million FEMA Flood Risk Management Contract
December 07 2021 - 9:00AM
Business Wire
Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end
consulting and engineering services, announced today that the
Federal Emergency Management Agency (FEMA) has awarded the Company,
as part of the Advancing Resilience in Communities (ARC) joint
venture, an indefinite delivery, indefinite quantity contract with
a ceiling of $300 million for up to five years.
Under the contract the ARC joint venture will provide technical
support services to assess and manage flood risks in the
northeastern United States. Tetra Tech’s engineers and GIS
specialists will use advanced analytics and predictive modeling to
assess risks from flooding, including coastal storm surges. Our
team will develop detailed hazard maps and visualization dashboards
to communicate these risks to vulnerable communities to strengthen
their resilience against storm impacts.
In addition to Tetra Tech, the ARC joint venture includes team
members from Michael Baker International, Wood, Moffatt &
Nichol, Freese and Nichols, and NV5 Geospatial.
“Increased impacts from climate change have placed communities
at greater risk from more frequent and extreme flood events,” said
Dan Batrack, Tetra Tech Chairman and CEO. “Tetra Tech looks forward
to continuing to use our Leading with Science® approach to support
FEMA in reducing flood risks and building community
resilience.”
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, and
renewable energy. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20211207005365/en/
Jim Wu, Investor Relations Charlie MacPherson, Media &
Public Relations (626) 470-2844
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