Tetra Tech, a consulting and engineering firm, has faced a significant drop in its stock price by about 26% this year, closing at $29.44, largely due to cuts in foreign aid under the Trump administration. These budget reductions, particularly from the U.S. Agency for International Development (USAID), jeopardize humanitarian efforts globally, including Tetra Tech's lucrative contracts aimed at improving infrastructure and providing water access in developing countries. The company previously secured substantial contracts, including a $5 billion deal from USAID for global initiatives, and recent announcements of slashing programs are deeply affecting revenues.
The Trump administration's cuts to USAID have severely impacted Tetra Tech's revenues, resulting in a significant 26% drop in their stock price this year.
With $5 billion in recent contracts from USAID for global humanitarian projects, Tetra Tech's dependency on federal funding has raised concerns due to the budget cuts.
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