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Titan Corporation - Definition and Overview |
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Titan Corporation is a United States-based headquartered in San Diego, California. The company is a provider of information and communications systems solutions and services to the Department of Defense, intelligence agencies, and other federal government customers. As of 2004, the company has approximately 12,000 employees and annualized sales of approximately $2 billion.
The company employees as a private military contractor whom some of the nearly 4,000 translators may have implications in the abuse of prisoners at Abu Ghraib in 2004.
In May 2004, a civilian contractor and Titan employee Adel Nakhla, an Egyptian-born American citizen, was "terminated" from the job, after he admitted he held down "nude, handcuffed to each other and placed in sexual positions." (as described by the Taguba Report)
The company was in the process of being acquired by the Lockheed Martin Corporation but the attempted merger fell through on June 26, 2004:
Lockheed Martin Corporation announced that it has terminated the merger agreement with The Titan Corporation because Titan did not satisfy all the closing conditions on or before June 25, 2004. Under the terms of the amended merger agreement, either party could terminate the merger agreement if Titan either (i) had not obtained written confirmation from the Department of Justice that the investigation of alleged Foreign Corrupt Practices Act (FCPA) violations was resolved as to Titan and the Department did not intend to pursue any claims against Titan; or (ii) Titan had not entered into a plea agreement on or prior to June 25, 2004, provided that the terminating party had not contributed to the failure to consummate the merger through a breach of its obligations in any material respect. Titan did not satisfy either requirement.
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