Oct 5, 2017   SOURCE: BusinessWire

Tetra Tech Awarded $356 Million FAA Navigation Technical Assistance Contract

Tetra Tech, Inc. (NASDAQ: TTEK) announced today that it has been awarded a $356 million single-award contract to provide engineering and technical support services to the Federal Aviation Administration (FAA). Under the five-year Navigation Technical Assistance Contract II (NAVTAC II), Tetra Tech will support the FAA in the planning, research, development, implementation, maintenance, and decommissioning of the FAA’s navigation, landing, and lighting systems.

The U.S. commercial aviation industry is expected to carry one billion passengers annually by 2021. As the number of passengers continues to grow, the FAA faces an increasingly complex challenge in ensuring that flights are safe, efficient, and cost-effective. Under NAVTAC II, Tetra Tech will assist the FAA in addressing these challenges by helping the agency transition to an integrated ground- and space-based navigation systems architecture, as well as by supporting the FAA’s modernization initiatives, including its Next Generation Air Transportation System effort and its transition to Performance Based Navigation.

“Tetra Tech is a long standing FAA prime contractor, assisting in the implementation and deployment of satellite- and ground-based navigation technologies,” said Tetra Tech Chairman and CEO Dan Batrack. “We are pleased to continue to support the FAA’s modernization efforts under NAVTAC II.”

About Tetra Tech

Tetra Tech is a leading provider of consulting and engineering services differentiated by Leading with Science® in providing innovative technical solutions to our clients. We support global commercial and government clients focused on water, environment, infrastructure, resource management, energy, and international development. With 16,000 associates worldwide, Tetra Tech provides clear solutions to complex problems. For more information about Tetra Tech, please visit tetratech.com, follow us on Twitter (@TetraTech), or like us on 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 10-Q filings with the Securities and Exchange Commission.