Cubic Wins Major Combat Training Center Equipment Order in Asia Pacific
Cubic Defense Systems, a subsidiary of Cubic Corporation (NYSE: CUB) announced
today it has been awarded a contract in excess of $70 million from a customer
in the Asia Pacific region for significant quantities of combat training
SAN DIEGO, Calif., Dec. 4, 2013 (GLOBE NEWSWIRE) -- via PRWEB - Cubic Defense
Systems, a subsidiary of Cubic Corporation (NYSE: CUB) announced today it has
been awarded a contract in excess of $70 million from a customer in the Asia
Pacific region for significant quantities of combat training center equipment.
This latest order, from a long-term customer in the region, includes
laser-based simulation equipment, vehicle kits, numerous weapon
configurations, indirect fire assets, and support equipment. The contract
incorporates a number of accessories, communication system components, after
action review capabilities, and exercise control upgrades.
"This contract from a long-term customer reinforces our extensive and growing
footprint in the Asia Pacific region," said Dave Schmitz, president of Cubic
Defense Systems. "We are committed to providing the highest levels of customer
service and on-time delivery to satisfy this important contract."
Engineering and production work for the contract will be performed in several
locations including the company's operations in Auckland, NZ, and in San
Diego, CA. First deliveries will occur in late 2014 and continue through 2016.
About Cubic Corporation
Cubic Corporation is the parent company of three major business segments:
Transportation Systems, Defense Systems, and Mission Support Services. Cubic
Transportation Systems is a leading provider of automated fare collection
systems and services for public transit authorities. Cubic Defense Systems is
a leading provider of realistic combat training systems and secure
communications. Mission Support Services is a leading provider of training,
operations, maintenance, technical and other support services for the U.S. and
allied nations. For more information about Cubic, see the company's Web site
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CONTACT: Cubic Corporation
+1 (858) 505-2430
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