Tetra Tech, Inc. (NASDAQ: TTEK) announced today that the U.S. Department of Defense (DoD) has awarded the Company a $300 million, multiple-award contract to provide assessment, monitoring, and evaluation services to support the DoD objective of strengthening alliances with key strategic partners across the globe through security cooperation.
DoD awarded Tetra Tech the initial $117 million task order to provide advanced analytics to identify performance indicators to measure progress and provide frameworks to facilitate security cooperation. Working with the Office of the Secretary of Defense for Policy and the Defense Security Cooperation Agency, Tetra Tech will use innovative techniques to acquire data and deploy advanced analytics to provide in-depth evaluation of the effectiveness and sustainability of various security cooperation programs. Building an advanced data-driven program will enable more accurate and timely monitoring of any gaps in partner nations’ institutional capacity, especially in their ability to design and implement policy, logistics operations, and resource and human capital management.
“We are pleased to support DoD by providing high-end consulting and advanced analytics for this important program,” said Dan Batrack, Tetra Tech Chairman and CEO. “Tetra Tech is in a unique position to support DoD’s key initiative through the combination of our high-end expertise and advanced analytics capabilities.”
Key data points: The growth forecast = 5.9% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities and forecasts in automatic number plate recognition system market to 2031 by type (stationary and portable), application (traffic management, parking, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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