TTN Titan Corp

U.S. Navy's Space and Naval Warfare Systems, Charleston Awards Titan $125.9 Million ID/IQ Navigation Systems Support Services Contract SAN DIEGO, March 2 /PRNewswire-FirstCall/ -- The Titan Corporation (NYSE:TTN), a leading national security solutions provider, announced today that the U.S. Navy's Space and Naval Warfare Center located in Charleston, South Carolina, has awarded the company a five-year (one base year, plus four one-year options) indefinite delivery/indefinite quantity (ID/IQ) contract having a potential value at $125,887,107 with options, if exercised, to provide navigation systems installation support services. "This single-awarded follow-on contract -- which is more than double the value of our previous contract -- clearly reflects our customer's satisfaction with Titan's work," said Gene Ray, Titan's chairman, president, and CEO. "With this contract, Titan continues to provide to the U.S. Navy fleet support of the most modern navigation systems available, as we have done for the past five years." Under this competitively awarded contract, Titan will provide engineering, logistics, installation, testing, and fabrication in support of navigation systems for U.S. Navy ships, submarines, shore laboratories and training facilities, U.S. Coast Guard ships, and vessels serviced through foreign military sales. 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 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 Dr. Gene Ray, the expectation that the government will fund and Titan will receive work having a maximum potential value of $125.9 million over the five-year period (one base year; four option years) of the described work during the life of the 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, The Titan Corporation, +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/investor Web site: http://www.titan.com/

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