Titan under SEC's microscope

The Securities and Exchange Commission is investigating allegations that Titan Corp. made illegal payments to consultants in foreign countries, but the investigation is not expected to derail Titan's acquisition by Lockheed Martin Corp., company officials said.

The payments were reported to the Justice Department and the SEC by Titan and Lockheed Martin after the two companies discovered them during normal preparations for the acquisition.

The acquisition is expected to close March 16 when Titan's shareholders vote on the deal, said Wil Williams, a Titan spokesman.

 

About the Author

Nick Wakeman is the editor-in-chief of Washington Technology. Follow him on Twitter: @nick_wakeman.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.

Trending

contracts DB