Tetra Tech Scores $85M EPA Deal

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Pasadena-based engineering firm Tetra Tech Inc. has won an $85 million contract from the Environmental Protection Agency to assess abandoned uranium mines in the Navajo Nation in the Southwest, the company announced last week. The company’s stock price remained essentially flat Oct. 11, the day the contract was announced, closing at $48.25 a share, for a market capitalization of about $2.7 billion. A portion of funding for the contract comes from a $1 billion settlement reached between the federal government and mining companies in 2015 for the cleanup of over 50 abandoned uranium mines. Tetra Tech, which was No. 1 on the Business Journal’s list of environmental engineering and consulting firms ranked by number of L.A. County employees with 465 local workers, won another federal contract this month with the Federal Aviation Administration. That $356 million deal is to provide engineering and technical support.

– Caroline Anderson

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