Tetra Tech Awarded $40 Million FAA Contract

On February 13, Tetra Tech, Inc. (TTEK) announced that the company was awarded a $40 million contract to develop software for the FAA. Under the contract, Tetra Tech will develop a new information system for tracking and analyzing medical information associated with pilots, air traffic controller, and other aviation personnel. Tetra Tech will support the FAA for five years under this Aerospace Medicine Safety Information System (AMSIS) contract.

 

Sonal received the news and alerted subscribers at 9:00 am. The next trade took place at the market open for $46.30. The stock price closed higher for the day at $47.05. Tetra Tech continued to move higher over the next few days before closing at $48.85 on February 20.

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