(PR NEWSWIRE) DJ: The Titan Corporation Awarded $13.8 Million Order for Mi
DJ: The Titan Corporation Awarded $13.8 Million Order for Mini-Dama Satellite
Communications Terminals
SAN DIEGO, May 21 /PRNewswire/ -- The Titan Corporation (NYSE: TTN) today
announced that its wholly owned subsidiary, Linkabit Wireless, Inc., has
received a $13.8 million order for Mini-DAMA UHF satellite communications
terminals. While the entire order was placed by the Navy's San Diego-based
Space and Naval Warfare (SPAWAR) Systems Command, a significant percentage
of the terminals will be provided to the naval forces of U.S. Allies.
Gene W. Ray, Titan President and Chief Executive Officer, stated, "We are
extremely pleased to know that this order for Mini-DAMA terminals will not
only provide critical, worldwide communications for U.S. naval forces, but
that it will have the direct effect of ensuring that same level of
communications interoperability between U.S. forces and our allies in the
United Kingdom, Netherlands, Germany and Australia. We anticipate that
other nations will follow suit in the near-term. Furthermore," added Ray,
"this order further solidifies the backlog of Linkabit Wireless, our
communications systems subsidiary."
The Titan Corporation, headquartered in San Diego, California, provides
state-of-the-art information technology and electronic systems and services
for commercial and government clients.
"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 that 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 Company's entry into new commercial
businesses, dependence on continued funding of U.S. Department of Defense
programs, government contract procurement and termination risks, and other
risks described in the Company's Securities and Exchange Commission filings.
Contact: Scott Rieger, Investor Relations (619) 552-9400/ invest@titan.com
Press releases and other Titan information are available on The Titan
Corporation's World Wide Web site: titan.com.
If you would like to receive press releases via electronic mail, please
contact the Corporate Communications Department at corpcomm@titan.com.
/CONTACT: Scott Rieger, Investor Relations for Titan Corporation,
619-552-9400, or invest@titan.com, or Corporate Communications Department,
corpcomm@titan.com/
06:30 EDT
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