Perhaps best of all, we won many significant new contracts last year. Amidst stiff competition, we were selected to lead the development of the Los Angeles River Revitalization Master Plan. Our joint venture team won a $2 billion worldwide water resources contract with the U.S. Agency for International Development. Under this contract, the team will serve as program integrator for the new Indian Ocean Tsunami Warning System. We won an $800 million indefinite delivery/indefinite quantity environmental remediation contract with the U.S. Department of Energy and a $250 million unexploded ordnance contract with the U.S. Army Engineering and Support Center, Huntsville. We also won important contract recompetes and new task orders under existing contracts with the U.S. Environmental Protection Agency, the U.S. Navy, the National Aeronautics and Space Administration, and the U.S. Missile Defense Agency. Our authorized and fully funded backlog is now about $900 million.

Tetra Tech’s revenue is down about 7% to $1.3 billion, reflecting our exit from non-core businesses. We recognized significant charges to effect this change, but the business unit divestitures, consolidation costs and contract write-downs make Tetra Tech a more healthy and robust organization.