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 http://www.prweb.com/releases/2013/7/prweb10917345.htm CONTACT: Cubic Corporation Timothy Hill email@example.com 858-505-2430
Cubic Receives $125 Million in Orders from the Pacific Rim; Reflects the Company's Long-Standing Customer Relationships in the
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