TITAN AWARDED $17 MILLION AIR FORCE CONTRACT.The Titan Corporation's (NYSE NYSE See: New York Stock Exchange : TTN) wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Titan Systems Corporation has been awarded an Air Force contract having a potential value of $17 million. The U.S. Air Force's Electronic Systems Center (ESC), headquartered at Hanscom AFB AFB abbr. acid-fast bacillus AFB Acid-fast bacillus, also 1. Aflatoxin B 2. Aorto-femoral bypass , Massachusetts, awarded Titan Systems a $17,051,810 modification to a labor-hour contract, to provide for information technology support from April 2001 through March 2002 for system acquisition and development planning in support of ESC's Strategic and Nuclear Defense Directorate at Hanscom. Headquartered in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. , The Titan Corporation creates, builds and launches technology-based businesses, offering innovative technical solutions. Three of Titan's four core businesses develop and deploy communications and information technology solutions and services. In addition, Titan markets the leading technology for the electronic pasteurization of food products and is continually identifying promising technologies suitable for commercialization. The company has 7,800 employees, annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. sales of approximately $1.1 billion and total backlog of approximately $2.2 billion. |
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