A multiple-award contract is an arrangement where a buyer awards the same contract to several suppliers instead of a single vendor, so those suppliers share the opportunity to win future work under that contract. For investors, it matters because being one of the chosen suppliers can create a steady stream of potential, often lower-risk revenue—like being on a preferred list—while also meaning any single supplier may receive only part of the total business, not an exclusive guarantee.
architect-engineer (A-E)technical
An architect-engineer (A-E) is a professional or firm that combines building design and technical engineering services, creating the plans and specifications needed for construction and often overseeing technical details during the build. For investors, A-E firms matter because their design quality, cost estimates, and project oversight influence budgets, schedules, and legal risk—like a project's chief planner whose choices can determine whether a project finishes on time and on budget.
lock and dam infrastructuretechnical
Lock and dam infrastructure are river structures that control water levels and create a step-like system so boats can move up or down between stretches of different elevation — think of a staircase for ships. Investors care because these works shape the cost, speed and reliability of moving bulk goods like grain, coal and raw materials; they can generate toll revenue, require costly maintenance or upgrades, and create supply-chain or regulatory risks that affect related companies and commodities.
inland flood risk managementtechnical
Measures and plans to reduce damage from flooding that occurs away from the coast—typically from heavy rainfall, overflowing rivers, or blocked drainage. It covers engineering works, land use rules, early warning systems and emergency plans that act like waterproofing and drainage for a region. Investors care because inland flood risk management affects property values, operational continuity, insurance costs and regulatory obligations, which can change a project's returns and risk profile.
See more from StockTitan in Google Search and AI answers.Adds StockTitan as a preferred source · opens Google
PASADENA, Calif.--(BUSINESS WIRE)--
Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today that the U.S. Army Corps of Engineers (USACE) Mobile District has selected the Company for a $49 million multiple-award contract to provide architect-engineer (A-E) design and technical services for inland and coastal navigation and water resources infrastructure projects.
Under this 5-year contract, Tetra Tech’s engineers, scientists, and technical specialists will provide comprehensive A-E services to optimize and improve critical civil works infrastructure in the Mobile District’s area of responsibility in the Southeastern United States. Our teams will leverage expertise and in-house proprietary technology to conduct studies and analyses, create innovative models and designs, and provide engineering services during construction. These technical solutions will support inland flood risk management, coastal hurricane and storm damage reduction, shallow and deep draft navigation, lock and dam infrastructure, and coastal and riverine ecosystem restoration projects. The contract also includes Mobile District’s Support for Others Program providing similar A-E Design Services in Central and South America.
“Tetra Tech has provided highly specialized A-E design and technical services to support USACE in improving the nation’s navigation and water resources infrastructure for more than 40 years,” said Roger Argus, Tetra Tech Chief Executive Officer. “We will continue leveraging our Leading with Science®approach and Tetra Tech Delta technology solutions to design resilient and innovative solutions that improve critical infrastructure, support the safety of our communities, and facilitate economic growth.”
About Tetra Tech
Tetra Tech is the leader in water, environment and sustainable infrastructure, providing high-end consulting and engineering services for projects worldwide. With more than 25,000 employees working together, Tetra Tech provides clear solutions to complex problems by Leading with Science® to address the entire water cycle, protect and restore the environment, and design sustainable and resilient infrastructure. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn 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.
