Content area
Full text
San Diego-based Titan Corp. plans to absorb local defense contractor Jaycor, Inc. this year in a $95 million deal.
Titan announced Jan. 22 it had signed a definitive agreement to acquire Jaycor for approximately $95 million in Titan stock.
Jaycor produces communications products and a variety of sensors. It also offers information technology services. Clients include the Department of Defense and the Department of Energy.
The transaction is expected to close in the first quarter of 2002.
Titan announced the...