1/8/2004 - The Titan Corporation (NYSE:TTN) announced that the U.S. Navy's Space and Naval Warfare Systems Command (SPAWAR) Systems Center, San Diego, has awarded the company an indefinite-delivery/indefinite-quantity (ID/IQ) five-year contract (three-year base period with two option years), having a potential value, with options if exercised, of $19,184,739. Under this award, Titan will provide military and commercial satellite systems engineering and test and evaluation support for U.S. Navy and Air Force systems.
"Titan has been providing systems engineering expertise to San Diego's SPAWAR Systems Center for over 12 years," said Gene Ray, Titan chairman, president and CEO. "This latest award further demonstrates our customer's satisfaction with Titan and the company's unique strength in delivering systems engineering, test and evaluation support for our nationís military services."
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 12,000 employees and current annualized sales of approximately $1.9 billion.
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