Tetra Tech Wins $65-Million Iraq Deal

Tetra Tech Inc. won a $65-million Pentagon contract to help destroy munitions found in Iraq. The contract from the Army Engineering and Support Center is the largest single assignment for the Pasadena-based firm. Its shares slipped 3 cents to $17.34 on Nasdaq.

The work is part of $287 million in military contracts for weapons disposition that are being managed by Parsons Corp., also based in Pasadena, which is being paid $89 million by the government for its role.

The remaining $133 million will be shared by Tampa, Fla.-based USA Environmental Inc. and EOD Technology Inc. of Knoxville, Tenn.

Separately, San Francisco-based Bechtel Corp., which won a $680-million contract to rebuild Iraq’s infrastructure, awarded a $25-million subcontract to Lucent Technologies Inc. to repair Iraq’s communications network.

From Bloomberg News