Titan Buying Satellite Company

Titan Buying Satellite Company

Titan Corp. is acquiring Datron Systems Inc., a Vista, Calif.-based provider of radio and satellite-based communications systems and broadband communications products for government and commercial markets. The stock deal is worth between $46 million and $56 million. Datron's 2001 revenue was $62.3 million.

In addition to reducing Titan's overall debt by approximately $9 million, the transaction is expected to add to Titan's earnings once the integration of Datron is completed later this year. The acquisition is expected to close by the end of the third quarter.

Datron was founded in 1969 as a defense contractor. The company pioneered the development of antennas to track airborne rockets, missiles, weaponry and spacecraft. More recently, Datron has developed technology for bringing broadband voice, video and data communications to commercial airlines, among other products.

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