Benzinga | Oct 14, 2021 11:48AM EDT

Tetra Tech Bags $22.4M Task Order Under IT Application Development Contract

* Tetra Tech, Inc. (NASDAQ:TTEK) has secured a $22.4 million task order under its $169 million, multiple-award contract to provide information engineering, enterprise architecture, and agile software development services to the U.S. Department of Labor, Bureau of Labor Statistics (BLS).

* BLS is responsible for measuring labor market activity, working conditions, and price changes in the economy.

* Under this five-year task order, Tetra Tech will provide the BLS Office of Compensation and Working Conditions full life-cycle software development, database design, and advanced data analytics on a diverse set of employee metrics.

* Price Action: TTEK shares are trading higher by 1.29% at $161.86 on the last check Thursday.