TTN Titan Corp

U.S. Navy Awards Titan $49.9 Million Shipboard Physical Security Systems Support Services Contract SAN DIEGO, May 16 /PRNewswire-FirstCall/ -- The Titan Corporation (NYSE:TTN), a leading national security solutions provider, announced today that the U.S. Navy's Crane Division, Naval Surface Warfare Center, Crane, Indiana has awarded the company a five-year $49,900,000 Indefinite Delivery/Requirements contract for the installation of shipboard physical security equipment aboard Military Sealift Command and U.S. Navy ships. "This all new award strengthens Titan's role as a premier national security solutions provider," said Gene Ray, Titan's chairman, president, and CEO. "Through this contract, Titan will be providing our military personnel much needed force protection to face the threats posed in hostile areas. These new security systems will improve each ship's ability to detect and deter intrusion while in U.S. and foreign ports." Under this contract, Titan will provide services in the areas of logistics, installation, testing, and operator training for new Shipboard Physical Security and Shipboard Security Module systems on board U.S. Navy, Military Sealift Command, and Coast Guard ships. This new multiple-award contract was competitively awarded to Titan. 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 compete and receive work having a maximum potential value of $49.9 million over the five-year period 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: www.titan.com or visit Titan's investor page at: www.titan.com/investor DATASOURCE: The Titan Corporation CONTACT: Wil Williams, Vice President for Corporate Communications of The Titan Corporation, +1-858-552-9724, , or investors, The Berlin Group, Inc., +1-858-552-9896 or , for The Titan Corporation Web site: http://www.titan.com/investor Web site: http://www.titan.com/

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