Tetra Tech Pockets £60M Contract From Scottish Water For Water Utility Management
Portfolio Pulse from Shivani Kumaresan
Tetra Tech Inc (NASDAQ:TTEK) has been awarded a £60 million contract by Scottish Water to provide comprehensive asset management services for water utility assets. The eight-year contract involves inspecting, analyzing, and reporting on over 2,500 assets annually, with a focus on digital solutions for data collection and analysis.
June 01, 2023 | 3:28 pm
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Tetra Tech has secured a £60 million contract from Scottish Water for comprehensive asset management services, which will likely boost the company's revenue and strengthen its position in the water utility sector.
The £60 million contract is a significant win for Tetra Tech, as it will provide a steady stream of revenue over the eight-year period. Additionally, the focus on digital solutions for data collection and analysis will showcase Tetra Tech's capabilities in the water utility sector, potentially attracting more clients and further boosting its revenue. As a result, the stock price is likely to go up in the short term.
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