To: Don Powrie who wrote (16615 ) 5/12/1998 9:17:00 AM From: Don Powrie Respond to of 34592
>>>> NEWS! NYSE: TTN Titan Corporation Awarded $22.3 Million Navy Contract For Module Test And Repair Program SAN DIEGO, May 12 /PRNewswire/ -- The Titan Corporation (NYSE: TTN - news) announced today that it has been awarded a $22.3 million, five-year contract from the Department of the Navy to provide engineering and logistics support services on the Navy's Module Test & Repair Program and other Department of Defense (DOD) components. Under the contract, Titan's wholly owned subsidiary, Titan Technologies and Information Systems, will implement an analysis, repair and training program in all DOD branches and the U.S. Coast Guard, for all shore- or ship- based equipment and systems containing electronic circuit card assemblies, electronic modules and/or printed circuit cards. In addition, Titan will provide the same support to designated countries with Foreign Military Sales (FMS) agreements with the U.S., including New Zealand, Australia, Spain, Kuwait, Oman, Saudi Arabia, Thailand and Taiwan. ''This contract demonstrates the Navy's confidence in Titan's ability to provide leading edge information technology solutions for its current requirements and into the next century,'' stated Gene W. Ray, President and Chief Executive Officer of Titan Corporation, ''and underscores our ability to compete successfully in a Best Value competitive contract environment. Additionally, delivering information technology solutions to our foreign allies underscores the global application of the services we provide.'' 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. 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. SOURCE: The Titan Corporation