5/16/2003 - The Titan Corporation (NYSE:TTN) announced that the company is one of three that the Defense Threat Reduction Agency (DTRA) has awarded a contract having a total potential value of $300 million to provide specialized engineering services. This DTRA award to Titan is in addition to and modifies an eleven-year contract of the same value previously announced to provide Balanced Electromagnetics Engineering Services to the agency. Under this latest contract, Titan will develop methodologies and software tools to model, design, test and assess the survivability and operability of new and emerging systems in nuclear weapon and natural radiation environments.
"This second award represents a significant opportunity for Titan to contribute to our national security," said Gene Ray, Titan's chairman, president, and CEO. "In addition to its important contributions to our military, this effort will develop protection methodologies which can address a potentially significant area of vulnerability within our nationís critical infrastructure."
This contractís engineering effort focuses on the development of tools to model, design, test and assess new and emerging systems, technologies, and infrastructure protection methodologies that can survive and operate within nuclear, natural radiation, and other environments.
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. The company has approximately 10,500 employees and current annualized sales of approximately $1.5 billion. www.titan.com
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