Cubic Receives $125 Million in Orders from the Pacific Rim; Reflects the
Company's Long-Standing Customer Relationships in the Region
SAN DIEGO, Calif., July 10, 2013 (GLOBE NEWSWIRE) -- via PRWEB -- Cubic
Defense Systems, the defense systems division of Cubic Corporation (NYSE:
CUB), announced today it received several contracts totaling more than $125
million for combat training support requirements in the Asia Pacific region.
These contracts range from five to six years duration and are fully funded.
The contracts support Cubic's existing regional work force and offer expansion
opportunities in collective training, operations and maintenance, and certain
program management and range modernization efforts.
In FY12 more than 50 percent of Cubic Defense Systems' orders were from
international customers. These new orders continue that trend and help
diversify the company's reliance on the United States market place.
"These large orders from Asia Pacific reflect the confidence our long-standing
customers place in Cubic's professionalism, responsiveness, and high quality
work force," said Dave Schmitz, president of Cubic Defense Systems. "Today
more than 50 percent of our work force is located outside the United States
demonstrating our commitment to further expand the company's already
significant international business base."
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 a 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 http://www.cubic.com.
This article was originally distributed on PRWeb. For the original version
including any supplementary images or video, visit
CONTACT: Cubic Corporation
Press spacebar to pause and continue. Press esc to stop.