Cubic Board Names CEO; Makes Changes to Its Executive Management Team

Cubic Board Names CEO; Makes Changes to Its Executive Management Team 
SAN DIEGO, CA -- (Marketwire) -- 02/01/13 --  Cubic Corporation
(NYSE: CUB) announced today that its Board of Directors named William
W. Boyle as Chief Executive Officer. Mr. Boyle, formerly the
Executive Vice President and Chief Financial Officer, had also been
serving as Interim President and CEO since the passing of the
company's founder and former CEO, Walter J. Zable, in June 2012. Mr.
Boyle joined Cubic Corporation as Chief Financial Officer in 1983. 
The Board also appointed Bradley H. Feldmann to the newly created
position of President and Chief Operating Officer, promoted John
"Jay" D. Thomas to the position of Executive Vice President and Chief
Financial Officer, and appointed Stephen O. Shewmaker, President of
the company's Transportation Systems segment, to the additional role
as an Executive Vice President of the corporation, effective
"Maintaining the continuity of the management team, preserving the
unique culture of Cubic and achieving continued growth of the
corporation were important to the Board as the leadership changes
were carefully considered over the past number of months," said
Walter C. Zable, Executive Chairman of the Board. "We reviewed a
variety of alternatives and are pleased with the results," he added. 
Executive Biographies 
William W. Boyle 
Mr. Boyle, 78, has been Cubic's Interim President and Chief Executive
Officer and Executive Vice President since June 2012, and Chief
Financial Officer since 1983. He has served as a Director since 1995.
Previously, Mr. Boyle held financial management positions with
General Electric, Occidental Petroleum, and the Wickes Corporation.  
Bradley H. Feldmann  
Mr. Feldmann, 51, has been the President of Cubic's Defense Systems
(CDS) segment since 2008. CDS is our defense systems and products
business, which employs approximately 1,600 people in over 13
countries. From 1989 to 1999, he held progressively responsible
positions with CDS including Senior Vice President and Chief
Operating Officer (COO). From 1999 to 2000, Mr. Feldmann served as
Senior Corporate Vice President and COO at Comptek Research Inc., a
public company defense operation with 1,200 employees focused in
electronic warfare, system
s and services. From 2000 to 2004, he
served as Executive Corporate Vice President and President of ManTech
International Information Technology Group, a technology services
company. From 2005 to 2006, Mr. Feldmann was President and CEO of
U.S. Protect Corporation, and from 2006 to 2008, he served as COO of
OMNIPLEX World Services Corporation, 1,200-person operation focused
on force protection, physical security, and personnel security
John D. Thomas 
Mr. Thomas, 59, has been our Senior Vice President Finance and
Corporate Development since June 2012. Mr. Thomas has played a
critical role in helping to build Cubic through multiple acquisitions
that have significantly diversified the company and have been
instrumental in helping to make the company a leader in its three
main operating business units, Mission Support Services,
Transportation Systems and Defense Systems. In addition, he was
instrumental in structuring and negotiating the largest contract in
the company's history for the Prestige project and the Oyster
Card(TM) in London. He was Vice President Finance since 1994 and also
Vice President Corporate Development since 2008. He has held a
variety of corporate management positions with the Company since
1980. Prior to joining the company he held positions with Aramark
Corporation and Crocker Bank. 
Stephen O. Shewmaker  
Mr. Shewmaker, 62, has been the President of the companies comprising
the Cubic Transportation Systems (CTS) segment since 2008, a segment
with a recent history of strong growth. He is a recognized
international transit executive who has over 21 years of experience
in the mass transit ticketing industry. He has worked with Cubic's
Defense Systems and Transportation Systems segments from 1982 to 2002
and 2006 to the present. Mr. Shewmaker was Chairman of TranSys, Ltd.,
a joint venture in the U.K. which managed the Prestige (Oyster) smart
card ticketing contract with Transport for London and other partners.
From 2003 to 2006, Mr. Shewmaker was Senior Vice President for Thales
Transportation Systems.  
About Cubic Corporation  
Cubic Corporation is the parent company of three major business
segments: Defense Systems, Mission Support Services and
Transportation Systems. Cubic Defense Systems is a leading provider
of realistic combat training systems, cyber technologies, asset
tracking solutions, and defense electronics. Mission Support Services
is a leading provider of training, operations, maintenance, technical
and other support services to the U.S. and allied nations. Cubic
Transportation Systems is the world's leading provider of automated
fare collection systems and services for public transit authorities.
For more information about Cubic, see the company's web site at 
Timothy A. Hill
9333 Balboa Ave.
San Diego, CA 92123 
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