U.S. Navy Awards Titan $26 Million Development Contract for New Low-Cost Weapon System

5/13/2002 - The Titan Corporation (NYSE: TTN) announced today that it has been awarded a $25,657,312 cost-plus-fixed-fee contract for the continuing development and implementation of the Affordable Weapon Systems Program at the Office of Naval Research (ONR). The work to be performed under this research project is for investigation of commercial off-the-shelf technology to determine the feasibility of applying this technology in the development of low cost weapon systems through innovative processes, assembly modification, testing and demonstration of the developed technology.

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