4/16/2004 - The Titan Corporation (NYSE:TTN) announced that it was recently awarded a $22,500,000 contract to design, develop, and test a prototype affordable weapons system (AWS). The AWS is a guided missile system consisting of missile, launcher and mobile ground station that utilize military and commercial off-the-shelf (COTS) components in a "system engineered COTS" design.
Launched from various platforms by a small rocket booster and powered in flight by a small turbojet engine, the affordable weapon system is designed to carry a 200-pound payload to a target several hundred miles away. Equipped with both line-of-sight and satellite data links, the system can fly directly to its target guided by the Global Positioning System. Alternatively, the missile can fly to an area and loiter for hours, until a forward observer directs the weapon to a target.
"The transition of AWS from an advanced technical development program to a funded R&D program is a major step toward bringing AWS and its transformational capabilities into the inventory in the shortest possible time," said Gene Ray, Titanís president, chairman and CEO.
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 annualized sales of approximately $2.0 billion.
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