4/22/2004 - The Titan Corporation (NYSE:TTN) announced that it was awarded an indefinite-delivery, indefinite-quantity (ID/IQ) Aircraft Structural Life Surveillance (ASLS) and Structural Appraisal of Fatigue Effects Contract -— having a potential value of $29 million over five years -- to provide air vehicle engineering services to Naval Air (NAVAIR) Systems Command.
Through this contract, Titan will provide analyses, independent evaluations and case studies; collect, process and report fleet-wide individual aircraft/component structural usage and fatigue; analyze measured flight and ground loads data; validate the existence of damaging loads and their potential impact; and formulate recommendations to limit exposure to damaging loads.
"We are excited about building and expanding on our performance record with the new business opportunities that this latest contract offers," said Gene Ray, Titan's chairman, president and CEO.
In pursuit of this opportunity, Titan brought together a team of large and small companies, each with a strong reputation for achieving customer satisfaction and providing complementary strengths that includes: Heron Systems, NAVMAR, Ronkonkoma Aerospace, South West Research Institute, Tactical Data Analysis and University of Dayton Research Institute.
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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