SAN DIEGO, 2 March 2005. The Titan Corp. announced today that the U.S. Navy's Space and Naval Warfare Center located in Charleston, S.C., 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 $125.9 million 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, Titan 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. For more information, see www.titan.com.
