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Titan, Surebeam Rise on Mail-Sterilization Order


Titan Corp.


was gaining in premarket trading after it received a contract for 20 mail-sterilization devices from the U.S. government.

The systems, which were ordered in the wake of the anthrax scares, will be built by Titan's majority owened

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The U.S. Postal Service will pay about $40 million for eight electron beam systems and will get an option to buy 12 more for about $5 million each. Titan has estimated the cost of using the systems on mail at 1 cent per letter.

Titan was recently up 2.8% at $27.75, while Surebeam was gaining 25% to $16.50.