Titan to Acquire Jaycor

1/22/2002 - The Titan Corporation (NYSE: TTN) today announced that it has entered into a definitive agreement to acquire Jaycor, Inc.-a San Diego based provider of information technology services and specialized communications and sensor products-for approximately $95 million in Titan common stock. The transaction is expected to close in the first quarter of 2002, reduce Titan's net debt by approximately $50 million, add approximately $45 to $50 million to Titan's 2002 revenues, and be accretive to Titan's 2002 earnings.

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