U.S. Air Forces Europe Awards Titan with $74 Million Contract
10/15/2003 - The Titan Corporation (NYSE:TTN) announced that the U.S. Air Forces Europe has awarded the company a $74 million five-year contract. Under this award, Titan will provide assistance and advisory services to five major organizations of the armed forces: the European Command, the Joint Analysis Center, the Warrior Preparation Center, U.S Air Forces Europe, and U.S. Army Europe.
"This new single-source contract extends Titan's solid relationship with our armed forces in Europe, and places Titan at the center of intelligence and operational support activities throughout the European Theater," said Gene Ray, Titan's chairman, president and CEO.
Under the contract, Titan will provide an extensive array of services, including counter-terrorism analyses; engineering and technical services; management and professional support; studies, analyses and evaluation services to maintain and enhance government owned computer hardware as well as provide intelligence analysis support.
About Titan
Headquartered in San Diego, The Titan Corporation is a leading provider of comprehensive information and communications systems solutions and services to the Department of Defense, intelligence agencies, and other federal government customers. As a provider of national security solutions, the company has approximately 11,000 employees and current annualized sales of approximately $1.7 billion.
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