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October 20, 1998 |
The Titan Corporation Announces Agreement with SAKON to Provide
Telephone, Internet and Rural Telephony Products,Systems Integration and
Services |
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Strategic Relationship Includes Titan Taking 19 Percent Ownership
Position in an Emerging International Telecommunications Service
Provider |
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April 26, 1999 |
Titan Corporation Announces the Execution of Definitive Agreements in
Nine Countries to Provide Telecommunications Equipment and Services
Through Sakon LLC, a Titan Minority Owned Subsidiary |
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Titan and Sakon to Provide Telephone, Internet and Rural Telephony
Products, Systems Integration and Services |
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May 17, 1999 |
Titan Corporation Announces the Execution of Definitive Agreements in
Three Countries to Provide Telecommunications Equipment and Services
Through Sakon LLC |
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Titan and Sakon Have Now Signed Agreements in Twelve Countries to
Provide Telephone, Internet and Rural Telephony Products, Systems
Integration and Services Potential Value of All Executed Agreements
Could Exceed $5 Million |
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January 5, 2001 |
Titan Completes Installation of 30 Satellite Gateways in Africa, Middle
East and Latin America |
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The Titan Corporation (NYSE:TTN) today announced that it has now
installed 30 satellite gateways in developing markets throughout Africa,
the Middle East, and Latin America, meeting its year-end 2000 goal. |
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July 12, 2001 |
Titan Subsidiary Titan Wireless Acquires a Minority Interest in Gateway
Systems. |
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Titan Wireless, through its subsidiary Sakon, has acquired a minority
interest in Gateway Systems, one of the largest providers of data
transmission services to the corporate market in India. |
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Nov. 5, 2001 |
India's Gateway Systems Extends BWA Network Using Alvarion Products -
Both BreezeACCESS and WALKair |
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Gateway Continues to Expand Rapidly and
Launches Services in New Cities. |
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Nov. 5, 2001 |
Broadband Wireless Business Magazine |
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“Gateway's 10.5 GHz spectrum license covers all of India's strategic
markets and enables the provision of wireless broadband services to more
than 70% of India's businesses,” said Andy Goorno, CEO at Sakon |
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December 12, 2001 |
Titan Subsidiary Titan Wireless Deploys Broadband Wireless Access
Technology in Three New Markets |
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Titan Wireless, through its subsidiary, Sakon, has completed the initial
deployment of Broadband Wireless Access (BWA) technology in Bangladesh,
Cameroon and Ghana and has begun providing broadband data and Internet
services to corporate customers in each of these markets. |
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January 30, 2002 |
Alvarion Announces Installation by Titan Wireless of BWA Networks in
Three Additional Countries |
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Titan Wireless has completed the installation of Alvarion networks in
the 3.5GHz and 10.5GHz frequency bands in Bangladesh, Cameroon, and
Ghana, and that its subsidiary, Sakon, has begun providing broadband
data and Internet services to corporate customers in each of these
markets. |
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January 30, 2002 |
Broadband Wireless Business Magazine |
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"Our BWA deployments in these regions are important steps toward
realizing our goal of becoming a leading provider of broadband services
to corporate customers in developing countries," said Amine Doukkali,
president and COO at Sakon. |
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July 11, 2002 |
Titan to Exit International Telecommunications Operations. |
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Titan plans to exit its international telecommunications business
through a combination of selling and winding down its operations within
its Titan Wireless segment. |
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September 15, 2003 |
LOCKHEED MARTIN ANNOUNCES AGREEMENT TO ACQUIRE TITAN CORPORATION |
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Lockheed Martin Corporation (NYSE:LMT) and Titan Corporation (NYSE:TTN)
have entered into a definitive agreement for Lockheed Martin to acquire
Titan. Under the merger agreement, shareholders of Titan may elect to
receive $22 per share in cash, an equivalent amount of Lockheed Martin
common stock or a combination. |
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June 26, 2004 |
Statement by Titan's Gene Ray on Lockheed Martin’s Announcement to
Terminate Merger Agreement |
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Statement by Gene W. Ray, chairman, president and chief executive
officer, Titan Corporation (NYSE:TTN), on Lockheed Martin Corporation's
announcement to terminate the Merger Agreement with Titan |
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June 3, 2005 |
The Titan Corporation and L-3 Communications Agree to $2.65 Billion
Merger |
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The Titan Corporation (NYSE:TTN), a leading national security solutions
provider, and defense contractor L-3 Communications (NYSE:LLL) have
entered into a definitive agreement for L-3 to acquire Titan in an
all-cash merger at a price of $23.10 per share. The total value of the
transaction, including L-3's assumption of Titan's debt, is expected to
be approximately $2.65 billion at closing. |
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July 29, 2005 |
L-3 Communications Completes Acquisition of the Titan Corporation;
Completes Related Debt Offerings and Tender Offer |
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L-3 Communications (NYSE: LLL) announced that it has completed its
acquisition of The Titan Corporation (NYSE: TTN). The company has been
renamed L-3 Communications Titan Corporation. |