2/9/2004 - The Titan Corporation (NYSE:TTN) announced that it has been awarded a Defense Intelligence Agency Blanket Purchase Agreement (BPA) for the Defense Intelligence Information Systems Integration and Engineering Support Services Contract 3 (DIESCON 3) to provide the Department of Defense Intelligence Information System and Intelligence Community a wide range of information technology support. Titan anticipates that this multiple-award, multiyear BPA will have a potential value to Titan of $50 million over the next five years. The total potential value of the DIESCON 3 blanket purchase agreement for all seven awardees is $300 million, with Titan having to compete for future task orders with the six other pre-qualified contractor teams.
"Our Titan Team for DIESCON 3 brings the intelligence community a rich mixture of small business partners and large IT vendors with the world's best products and skilled technicians," said Gene Ray, Titanís president, chairman, and CEO. "As a prime BPA holder on DIESCON II, Titan has an established track record of successfully supporting the DIA, National Intelligence Agencies, Commands and Services on a range of IT engineering and development activities."
Under the DIESCON 3 contract, the Defense Intelligence Agency and other intelligence agencies can buy IT products and services, including planning, database management, systems and network engineering, hardware and software integration, application development, deployment, operation, and management, client-server and web-enabled applications, local and wide area networks, and other general IT capabilities worldwide.
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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