Titan Awarded $19.9 Million U.S. Navy Total Ship Training Systems Support Contract
May 16 2005 - 10:31AM
PR Newswire (US)
Titan Awarded $19.9 Million U.S. Navy Total Ship Training Systems
Support Contract SAN DIEGO, May 16 /PRNewswire-FirstCall/ -- The
Titan Corporation (NYSE:TTN), a leading national security solutions
provider, announced today that the U.S. Navy's Naval Sea Systems
Command has awarded the company a sole- source $19.9 million
support contract to procure engineering and technical services for
the installation, testing, and training support for the Navy's
Total Ship Training Systems (TSTS) program, a fleet-wide effort
designed to bring more training and training technology onto actual
Navy platforms so as to maintain peak combat readiness. "With this
sole-source award, the U.S. Navy has clearly demonstrated its
confidence in Titan's proven ability to provide critical and
essential support to the Navy as it continues to migrate from
shore-based training to the shipboard environment through TSTS,"
said Gene Ray, Titan's president, chairman, and CEO. Under the
contract, Titan will provide extensive engineering and technical
services to the following shipboard training systems: (1)
AN/USQ-T46 Battle Force Tactical Training System; (2) AN/USQ-T47
Battle Force Electronic Warfare Trainer; (3) AN/USQ-T48 Trainer
Simulator-Stimulator Systems; (4) Navigation Seamanship &
Shiphandling Trainer; and (5) Damage Control Management Training
System. This effort will also include hardware and software
upgrades, shipboard training system installation and testing,
logistics support, maintenance and repair, technical support, and
operation and maintenance training. 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 $2.2 billion. "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
comments made by Gene Ray, and the expectation that the government
will fully fund the $19.9 million 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, risks relating to our ability to retain personnel to
perform contracts, contract termination risks and risks relating to
the exercise of options, and other risks more fully described in
the Company's Securities and Exchange Commission filings. Media
Contact: Wil Williams, Vice President for Corporate Communications,
(858) 552-9724 or Investor Relations Contact: The Berlin Group,
Inc. (858) 552-9896 or If you would like to receive press releases
via electronic mail, please contact: For more information on The
Titan Corporation, please visit our website at:
http://www.titan.com/ or visit Titan's investor page at:
http://www.titan.com/investor DATASOURCE: The Titan Corporation
CONTACT: media, Wil Williams, Vice President for Corporate
Communications, +1-858-552-9724, ; or investor relations, The
Berlin Group, Inc., +1-858-552-9896, , for The Titan Corporation
Web site: http://www.titan.com/ http://www.titan.com/investor
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