|
Titan Provides Additional Details |
|
SAN DIEGO, CA - November 21, 2002 - The Titan Corporation announced today that it was the Department of Defense's National Security Agency (NSA) that selected Titan as prime contractor for the Enterprise Architecture and Decision Support (EADS) program having a potential value of $533 million over a 24-month base period and five options. "NSA's selection of Titan for this award underscores the company's capability and leadership in competing, winning and implementing strategic transformational programs," said Gene Ray, Titan's chairman and CEO. "This award reflects the best capabilities, technologies, and team effort available to respond to NSA's program requirements." The program supports NSA's continuing effort to transform its national security missions of providing foreign signals intelligence and protecting national security-related information systems using the innovation of industry partners. This new contract supports the institutionalization of disciplined technical planning. The award also focuses on providing technical input and analyses for acquisition, investment, and strategic planning decisions regarding on-going and future efforts and functions of NSA. The work will be performed at Titan facilities in Maryland. "This newest NSA win -- the largest, single contract award in Titan's history -- expands the already important role that Titan is playing in supporting the intelligence community and contributing to DoD transformation," said Eric DeMarco, Titan's president and COO. About Titan ##
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release, which are not historical facts, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Examples of such forward looking statements include that the government will fund, continue to make awards, exercise options, and issue task orders against the potential funding ceiling of contract. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the risks associated with the Company's dependence on continued funding of U.S. Department of Defense and federal civilian agency programs, contract termination risks, risks related to the Company's commercials businesses, risks associated with acquiring other companies, including integration risks, and other risks described in the Company's Securities and Exchange Commission filings. This release contains more details and is a follow on to a previous release issued by the company on October 28, where Titan announced the award of this contract from an undisclosed government customer.
Media Contact:
Wil Williams, Vice President Corporate Communications (858) 552-9724 or wwilliams@titan.com
Investor Relations Contact:
If you would like to receive press releases via electronic mail,
For more information on The Titan Corporation, |
Please send any questions or comments about this web service
to webmaster@titan.com
Copyright © 2002 The Titan Corporation
All rights reserved.