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Titan Awarded $13M Mini-Dama Contract
San Diego - May 21, 1998 - The Titan Corporation 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 around the world. 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.
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