Tetra Tech, Inc. (NASDAQ:TTEK) announced today that it has been awarded
the $200 million Navigation Technical Assistance Contract (NAVTAC) with
the Federal Aviation Administration (FAA). Tetra Tech will provide
engineering and technical support services for the planning, research,
development, implementation, sustainment, and decommissioning of FAA’s
navigation, landing, and lighting systems. Tetra Tech will also help the
FAA transition to an integrated ground- and space-based navigation
systems architecture and will support the FAA’s modernization
initiatives, including its Next Generation Air Transportation System
(NextGen) effort.
Tetra Tech currently serves as program manager for the FAA Air Traffic
Organization’s Information Technology Support Services Contract (ITSSC)
and has helped the FAA deploy satellite navigation technologies under
NAVTAC predecessor contracts held since 1998. The period of performance
for this new, single-award contract is two years, with five one-year
option periods. The initial contract award is $70 million; if all
options are exercised, the contract value could exceed $200 million.
"The U.S. commercial aviation industry is expected to carry one billion
passengers annually by 2021,” said Tetra Tech Chairman and CEO Dan
Batrack. "As the number of passengers continues to grow, the FAA faces
an increasingly complex challenge in making flight safe, efficient, and
cost-effective. Tetra Tech is pleased to support the FAA under the
NAVTAC and other contract vehicles.”
About Tetra Tech (www.tetratech.com)
Tetra Tech is a leading provider of consulting, engineering, program
management, construction, and technical services addressing the resource
management and infrastructure markets. The Company supports government
and commercial clients by providing innovative solutions focused on
water, the environment, and energy. With approximately 10,000 employees
worldwide, Tetra Tech’s capabilities span the entire project life cycle.
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 10-Q filings with the
Securities and Exchange Commission.