Titan Warns of Second-Quarter Loss, Says It Will Sell Datron

From: The Washington Post | Date: July 9, 2004| Author: Renae Merle | Copyright information

Titan Corp. said yesterday that it will cost far more than it had originally expected to settle federal bribery investigations and that it will sell one of the business units targeted in those inquiries.

The San Diego-based government contractor also warned that the investigations by the Justice Department and Securities and Exchange Commission and the related breakdown of its planned acquisition by defense giant Lockheed Martin Corp. will contribute to a net loss of $62 million (74 ...

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