- Press Release
- Oct 4, 2022
NASA Awards Titan Two Blanket Purchasing Agreements Totaling $200 Million
The Titan Corporation
announced today that its wholly owned subsidiary Titan Systems Corporation has
been awarded two, five-year Blanket Purchase Agreements (BPAs), each having a
potential value of $100 million for software Independent Verification and
Validation (IV&V) services in support of specified NASA Programs.
Systems was the only company selected and included in these two program domain
Issued by the NASA’s Goddard Space Flight Center, one agreement supports
multiple NASA centers including Ames Research Center, Moffett Field, CA; Glenn
Research Center, Cleveland, OH; Langley Research Center, Hampton, VA; and the
Goddard Space Flight Center Earth Sciences, Greenbelt, MD.
agreement’s $100 million ceiling, NASA has initially identified approximately
$27 million in services for Titan.
The second $100 million BPA provides IV&V services to the Jet Propulsion
Laboratory, Pasadena, CA.
For this agreement, approximately $59 million in
IV&V services have been identified.
Each BPA is for five years, which
includes a base year and four one-year options.
Scheduled to begin this month, these efforts are part of NASA’s program to
improve mission success and software quality of diverse earth and space
science missions and critical ground systems, such as the National
Polar-Orbiting Operational Environmental Satellite System and the JPL Mars
These BPA contracts mitigate software development and
operational risks through systems analyses, tests, and evaluations of system
designs and implementations for NASA critical flight and ground systems
The work will be performed at the NASA IV&V facility in Fairmont, WV, and
at seven NASA Centers and the Jet Propulsion Laboratory.
execution of both BPAs will be centralized at the NASA IV&V facility and Titan
office in Fairmont, WV.
“We are pleased to continue our long-term relationship with NASA, and we
salute NASA, our dedicated employees, and Senator Robert Byrd’s leadership for
consistently endeavoring to make NASA the preeminent organization it is,” said
Gene Ray, Titan’s Chairman, President and CEO.
Headquartered in San Diego, California, The Titan Corporation creates,
builds and launches technology-based businesses, offering innovative technical
Three of Titan’s four core businesses develop and deploy
communications and information technology solutions and services.
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 7,600 employees,
annualized sales of approximately $1 billion and total backlog in excess of
“Safe Harbor” Statement under the Private Securities Litigation Reform Act
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 the belief that the
government will continue funding these programs, and Titan will continue to
win additional work under the Blanket Service Agreements.
are subject to risks and uncertainties that could cause actual results to
differ materially from those set forth in or implied by forward-looking
These risks and uncertainties include the risks associated with
the Company’s entry into new commercial businesses and new markets that
require the company to develop demand for its product, its ability to execute
its spin off strategy, its ability to access the capital markets and other
risks described in the Company’s Securities and Exchange Commission filings.“
Wil Williams, Vice President Corporate Communications
(858) 552-9724 or email@example.com.
If you would like to receive press
releases via electronic mail, please contact firstname.lastname@example.org.
Press Releases and other Titan information are available on The Titan
Corporation’s World Wide Web site: http://www.titan.com.