3/11/2004 - The Titan Corporation (NYSE:TTN) announced that it was awarded an indefinite-delivery, indefinite-quantity (ID/IQ) Program Management Multiple Award Contract -- having a potential ceiling value of up to $460 million over five years-to provide Naval Air (NAVAIR) Systems Command support services for all phases of naval aircraft and aviation weapon systems. Currently, Titan is a leading provider of systems engineering for NAVAIR with over 400 people employed in Patuxent River Maryland, NAVAIR’s Headquarters, as well as over 250 additional employees at supporting team sites and depots.
“We are pleased to have the opportunity to continue our long history of providing technical and management support to the Naval Aviation community,” said Gene Ray, Titan’s chairman, president and CEO. “We are excited about building and expanding on our performance record with the new business opportunities that this latest contract offers.”
As part of this multiple award ID/IQ contract for which Titan will compete for task orders, the company will provide technical support services to the NAVAIR team through all acquisition phases of naval aircraft and aviation weapon system acquisition including research, design, development, and engineering; procurement; test and evaluation; training facilities; and equipment, in-service engineering and logistics engineering support. As required by NAVAIR’s acquisition and operations program managers, Titan will also provide program/project administration, financial management, acquisition support and planning, configuration and production management.
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 $2.0 billion.
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