Tetra Tech (TTEK) Secures 5-Year $40M Contract From FAA

Tetra Tech, Inc. (NASDAQ:TTEK) recently secured a five-year $40-million single-award contract from the Federal Aviation Administration (FAA) in a bid to prepare a state-of-the-art information technology system which will help improve the safety standards of the aviation industry.

Over the last six months, shares of this Zacks Rank #2 (Buy) company have rallied 13.9%, outperforming 8% growth recorded by the industry.

Inside the Headlines

The federal information technology arm of Tetra Tech has been assisting FAA’s aviation safety mission for more than 20 years.

FAA Office of Aerospace Medicine (AAM) examines aspects of aerospace medical and medicine certification programs for air-traffic controllers, pilots, and other security critical personnel.

Per the $40-million contract, Tetra Tech will support the FAA Office of Aerospace Medicine (AAM) in building an Aerospace Medicine Safety Information System (AMSIS). This will provide a combination of system architecture development, system engineering and designing, training, testing and data analytics services.

Tetra Tech stated that AMSIS will offer enhanced ability and improved data accessibility for evaluating medical information and hence identify safety trends. Notably, AMSIS will substitute the current functionalities and legacy systems, and thereby provide advanced capabilities to assist the key safety initiatives of AAM, such as Aviation Medical Examiner Program, Airmen Medical Certification, ATCS Medical Clearance, Internal Substance Abuse Program, Aerospace Medical Research and Industry Drug and Alcohol Testing Program.

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