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To: Bucky Katt who wrote (10686)	2/20/2003 10:39:31 AM
From: Bucky Katt	Read Replies (1) \| Respond to of 48461

Got in TTN @7.75

To: Bucky Katt who wrote (10686)	2/24/2003 9:31:48 AM
From: BW	Respond to of 48461

TTN news - they also just back 03 EPS U.S. Navy Awards Titan a $169 Million Contract for Engineering and Technical Services Monday February 24, 8:30 am ET Titan Comfortable With First Call's Consensus EPS Estimate for 2003 SAN DIEGO, Feb. 24 /PRNewswire-FirstCall/ -- The Titan Corporation (NYSE: TTN - News) announced today that it has won an indefinite-quantity, five-year U.S. Navy contract having a potential value of $169 million. Awarded by the Fleet Industrial Supply Center Norfolk, Detachment Philadelphia for the Naval Sea Systems Center (NAVSEA) Shipbuilding Support Office (NAVSHIPSO) in Philadelphia, the contract provides engineering and technical support services for modification of shipboard equipment and systems. This was a multiple award with five other firms receiving prime contracts under the award. "This award fortifies Titan's role as an important source for engineering and technical support for Navy programs," said Gene Ray, Titan's Chairman and CEO. "We are proud to be afforded the opportunity to continue our support of NAVSHIPSO's expanding role in modifying shipboard systems." Under the contract, Titan will provide a wide range of technical services for habitability, propulsion, electrical, auxiliary and electronics systems aboard all classes of U.S. Navy ships and watercraft. Last week, Titan reaffirmed it previously announced guidance of pro forma $.15 EPS for the fourth quarter of 2002. Today Titan reiterated that it remains comfortable with First Call's consensus of pro forma* EPS of $.65 for 2003. This translates to GAAP EPS of $.57 for 2003. 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. The company has approximately 10,000 employees and annualized sales of approximately $1.4 billion. Pro Forma results are from continuing operations and exclude amortization of purchased intangibles, deferred compensation, and exit related charges. "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. 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. Examples of such forward-looking statements include that the company is comfortable with First Call's consensus on pro forma EPS for 2003, as well as the belief that the government will fund, continue to make ID/IQ awards, issue orders against the potential funding ceilings of Titan and other companies having similar ID/IQ contracts with NAVSHIPSO, and that Titan would be able to win shares of those awards. 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.