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  • Friday, November 22, 2024

Army Selects AECOM-Tetra Tech JV for $90M Saudi Missile Program Support Contract

Jeff Brody

A joint venture between AECOM (NYSE: ACM) and Tetra Tech (Nasdaq: TTEK) has won a potential seven-year, $90M contract from the U.S. Army to support Saudi Arabia’s missile program.

The AECOM-Tetra Tech JV will provide engineering or architectural services to the program through the contract, which contains one base year plus six option years, the Department of Defense said Thursday.

The Army Corps of Engineers received three bids for procurement effort via the internet and will determine funding and work locations with each order.

DoD expects work to conclude by Jan. 1, 2027.

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