Benzinga | Sep 8, 2021 01:10PM EDT

Tetra Tech Bags $49M Coastal Geospatial Contract From NOAA

* Tetra Tech, Inc. (NASDAQ:TTEK) has secured a five-year, $49 million, multiple-award contract from the National Oceanic and Atmospheric Administration (NOAA) to support the Office for Coastal Management's (OCM) Digital Coast program.

* Tetra Tech will provide highly technical geospatial services to support NOAA's mandate to manage the nation's coastal resources, including the Great Lakes.

* The contract's geographic scope extends from the U.S. territories in the Pacific Islands and the Caribbean and to all coastal states.

* Tetra Tech will provide specialized GIS services that will enable NOAA to develop sustainable solutions to reduce the impact of rising seas and climate change on coastal shorelines.

* Price Action: TTEK shares are trading higher by 1.26% at $149.36 on the last check Wednesday.