Tetra Tech Inc.(TTEK) recently announced that it has received a $23.6 million contract from the U.S. Navy for minimizing the adverse impact of military training on the environment. The expanded training grounds are located at the Marine Corps Air Ground Combat Center (MCAGCC) in Twentynine Palms, CA.
MCAGCC, situated in Mojave Desert, is one of the largest military training regions in the U.S.
The five-year deal will require Tetra Tech to assess the area by conducting field surveys and data analysis, so as to provide customized solutions. The company will also be evaluating the density and health status, and habitat structure of the endangered species as per the official federal listing. Thereafter, Tetra Tech will assist the U.S. Navy and the U.S. Fish and Wildlife Service, along with the MCAGCC’s Natural Resources and Environmental Affairs division, to develop strategies for countering the negative environmental impact of training.
Tetra Tech is a leading provider of consulting, engineering, program management, construction and technical services focusing on resource management and infrastructure. The company’s expertise in the domain, coupled with its cost-effective and innovative solutions, would significantly benefit the project. Notably, the company derives a major portion of its revenues from the U.S. federal government projects.
Tetra Tech currently has a Zacks Rank #4 (Sell), owing to the strong downward estimate revisions witnessed after a soft third-quarter 2014 performance. Some better-ranked stocks in the sector include Sharps Compliance Corp. (SMED), Nordson Corporation (NDSN) and PMFG, Inc. (PMFG). All three stocks carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment