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Lockheed Wins Two Training Contracts

With Sequestration affecting the U.S. defense budget that still does not mean contracts for new programs are not being awarded. In fact with the extension of the Continuing Resolution and the passing of a full year’s funding — not budget — the Services may now award some work that was on hold pending a decision in that matter.

Lockheed Martin (LMT) in the last 30 days received contracts for 2 new training systems. One from the U.S. Army and the other from an international customer, the Royal Saudi Air Force. Foreign Military Sales (FMS) and Direct Commercial Sales (DCS) are not affected by sequestration.

The first, Saudi, contract is worth up to $253 million and is for systems to support the Kingdom’s Boeing (BA) F-15SA fighters. The contract will provide maintenance and pilot training support by 2020. In the current day services are investing millions in computer and simulation based training devices to aid in operating and maintaining complex weapon systems.

The second one for the U.S. Army is for a command and control simulator to aid in training U.S. and allied country leadership in the conduct of military operations. That could be worth up to $146 million. The Joint Land Component Constructive Training Capability (JLCCTC) system builds off of an earlier simulator, WARSIM, that has been successfully used since 2012 for group leader training.

The advantages of computer based training is that it reduces overall costs and personnel required. They also collect data that may be reviewed and analyzed to support teaching and further training. Lockheed’s Orlando unit does a great deal of work in this area as do several other contractors like Cubic and L-3 Communications.

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Injazat Signs Major Manpower Agreement with Cubic Defense Applications — Press Release

Abu Dhabi, February 18, 2013 – Injazat Data Systems has signed a major agreement with US-based defense training and simulation company Cubic Defense Applications. Under the terms of the manpower support agreement between the two parties, Injazat will send skilled personnel to assist in the operation and maintenance of Cubic’s computer-based training simulation systems in the UAE. The deal reflects Injazat’s growing role in the local defense industry as the company provides business, consultancy and technology-related services to several entities in the sector.

The announcement by Injazat, a Mubadala group company, took place during the International Defense Exhibition (IDEX) 2013 which takes place 17th – 21st February.

Cubic’s EST 2000 marksmanship system, the only virtual skills training system validated by the US Army, is currently part of the Indoor Training Systems program for several UAE government institutions. Injazat’s experience in the IT and defense industries will help Cubic deploy advanced training solutions.

“As an internationally-acclaimed defense specialist, Cubic is an ideal partner for extending our regional market reach and connecting our information and communication technology (ICT) services with Cubic’s rich defense heritage. Defense is an important aspect of national development, which is why Injazat has been building up its capabilities in this field.” said Ibrahim Lari, Chief Executive Officer, Injazat Data Systems.

Cubic Corporation is a US contractor with over 50 years of experience supplying equipment and solutions to over 35 nations. Its expertise includes fare collection systems courtesy of its Cubic Transportation Systems subsidiary, and defense training via Cubic Defense Applications. Cubic has recently established a regional office in Abu Dhabi, collocated with Injazat.

Peter Turpie, Managing Director of Cubic Middle East, said: “Cubic’s vision is to establish an effective local presence from which we will leverage our world-class capabilities to best support the UAE’s needs. Injazat shares this vision and we very much look forward to a successful, wide ranging and long-term partnership with them.”

Human capital development is a key function in many of Abu Dhabi’s and the UAE’s companies and organizations. “Developing the right ICT skills and competencies among Emirati nationals is a priority for Injazat. Our partnership with Cubic allows our employees to collaborate on world-class training systems that will further expand their defense and technology skill sets, which will help us support the UAE’s defense initiatives in the long term,” said Lari.

Injazat and Cubic have also signed up to jointly pursue potential areas of collaboration in the UAE, Qatar, Oman and other markets in the Middle East. Both parties will collaborate on the formalized recruitment, development, training and employment of UAE Nationals to support key defense and government organizations in the UAE and promote collaborative Injazat-Cubic products and services across the Middle East.

Injazat Data Systems is an industry-recognized market leader in the region for Information Technology, Data Center and IT Managed Services. Injazat combines its local expertise and presence with an extensive global technology partnership network. Injazat continues to develop market-leading IT services to meet dynamic customer needs in areas covering consultancy, project management, system integration, transformation, applications, data center and cloud services, and a wide range of managed services aimed at making businesses more secure and agile.

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Cubic Reports Financial Results for the Quarter Ended December 31, 2012 — Press Release

February 11, 2013 by · Comment
Filed under: Business Line, Companies, Cubic, Earnings, Events, Press Releases 

SAN DIEGO, CA–(Marketwire – February 11, 2013) – Cubic Corporation (NYSE: CUB) today reported its financial results for the quarter ended December 31, 2012. Net income attributable to Cubic shareholders for the first quarter of fiscal 2013 was $12.4 million, or 47 cents per share this year compared to $20.7 million, or 77 cents per share last year. Sales for the quarter decreased from $316.8 million to $313.4 million, a decrease of 1 percent. Operating income was $18.2 million in this year’s first quarter compared to $27.8 million last year, a decrease of 34 percent. Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA), a non-GAAP measure (as described below), for the first quarter this year was $23.0 million, compared to $33.6 million last year.

“While our first quarter reflected some unusual cost items and lower profitability, we continue to make progress on major long-term transit projects and have completed two acquisitions that will provide growth opportunities in our defense and transportation segments in key strategic focus areas,” said William W. Boyle, Chief Executive Officer of Cubic Corporation. “I believe our diversification and strategic focus will differentiate Cubic over the long term.”

Transportation Systems

Cubic Transportation Systems (CTS) develops and delivers innovative fare collection systems and services for public transit authorities worldwide. In the first quarter of this year, CTS sales decreased 6 percent to $118.6 million compared to $125.8 million in the same period last year, primarily due to reduced work on a contract to design and build a system in Vancouver. Last year’s first quarter revenues were higher on the project as we were producing a significant amount of the hardware for the system, while this year we are in the latter stages of system delivery. This decrease was partially offset by higher sales from a contract to design and build a system in Sydney, Australia. CTS is currently in the design and build phase for three major projects to design, build and operate transit fare systems in Sydney, Vancouver and Chicago.

Operating income from CTS decreased 26 percent in the first quarter this year to $13.2 million, compared to $17.9 million in the first quarter of last year. In addition to the impact on operating income caused by the decrease in sales, we are currently incurring costs in excess of revenues on our contract in Sydney, Australia due to the transition of portions of the system into full operations. We anticipate improved profitability on the Sydney contract as the systems complete the transition phase and move into full operations.

Mission Support Services

Mission Support Services (MSS) is a leading provider of highly specialized support services to the U.S. government and allied nations. Sales from MSS increased 5 percent to $113.4 million in the first quarter this year, from $107.5 million in the first quarter of last year. Sales growth was driven by an increase in activity during the first quarter at the Joint Readiness Training Center (JRTC) in Fort Polk, Louisiana and by higher sales from Abraxas, a company Cubic acquired in fiscal year 2011.

MSS operating income decreased 7 percent to $4.2 million in the first quarter this year from $4.5 million in the first quarter of last year. NEK, a Special Operations Forces Training company we acquired in December 2012, had an operating loss of $0.5 million in the first quarter of fiscal 2013 primarily due to the incurrence of $0.4 million of acquisition-related costs.

Defense Systems

Cubic Defense Systems (CDS) is focused on two primary lines of business: training systems and secure communications. Training systems sales increased 1 percent in the first quarter this year to $65.6 million while operating income decreased 48 percent for the quarter from $4.8 million last year to $2.5 million this year. Although total training systems sales increased, the sales of higher margin small arms training systems and air combat training systems to a customer in the Far East decreased, which decreased operating income.

Secure communications sales decreased 23 percent in the first quarter this year to $11.6 million compared to $15.0 million in the first quarter of last year. Secure communications operating income decreased to $0.3 million in the first quarter this year from $3.2 million in the first quarter of last year. Decreased profitability on lower data link sales, including the impact of a $1.2 million cost increase on a U.S. government contract, contributed to the decrease in operating income.
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Navy Awards Littoral Combat Ship (LCS) Training Contracts

The LCS is the newest U.S. Navy ship. Interestingly they are of 2 designs and built at 2 yards. This was done to speed production and also because the original plans called for fifty or more of the ships to be built. The Lockheed Martin (LMT) USS Independence design (LCS-1) is built at the Marinette Marine facility in Wisconsin and the USS Freedom (LCS-2) at the Austal America yard in Mobile, AL. The Freedom is designed by General Dynamics (GD).

So far each yard has delivered 2 ships having received contracts for up to 10. LCS-4, the USS Coronado, made by Austal is almost complete and will commission this year.

The ships despite their dissimilar hull shape have the same basic performance and weapons. They will be capable of being equipped with different modules depending on the mission and these will include anti-mine, anti-surface and air defense. The first LCS are based at San Diego, CA and are already carrying out operations.

In support of the program the Navy awarded Cubic Corporation (CUB) 3 contracts for training for the ships. Due to the 2 different designs there was one contract awarded in support of each. Then third for developing mission training packages. Each contract is worth almost $100 million.

As the LCS numbers grow there will be growing demand for more efficient training. These packages will help the Navy prepare a larger number of sailors for these ships.

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Cubic Technology Will Be On Display at Army Aviation Expo — Press Release

Cubic Technology Will Be On Display at Army Aviation Expo

NASHVILLE, TN–(Marketwire – March 30, 2012) – Cubic Corporation (NYSE: CUB) will showcase its latest innovations and technology in tactical military communications and training for the Army Aviation industry this weekend at the AAAA Annual Forum and Exposition.

Among the highlights will be Cubic’s new Multiband Miniature Transceiver (MMT), a much smaller, lighter and lower-cost integrated digital data link capable of providing voice, data and imagery information for both airborne and ground applications across four frequency bands.

“The MMT will save our customers size, weight and power, at a significantly lower cost than previous generations of data links,” said Brad Feldmann, president of Cubic Defense Applications, which makes the system. “It has the potential for broad application, and is another example of Cubic innovation producing cost-effective solutions.”

Cubic will also showcase its newest Personnel Locator System, the 2nd generation of a high-performance search-and-rescue system that has been used by NATO and U.S. forces for more than two decades to locate downed pilots and for other combat search and rescue missions. The advanced PLS is interoperable with all U.S. combat survival radios and standard civil emergency distress beacons. It is also compatible with many NATO survival radios.

Known as the Quad A Expo, the event is sponsored by the Army Aviation Association of America, a not-for-profit advocacy group for the U.S. Army aviation community. Companies from all over the world attend. This year, the expo is from April 1-4 at the Gaylord Opryland Hotel and Convention Center in Nashville.

Cubic technology and systems on display at the expo also will include:

  • The Tactical Edge Analysis and Display System (TEADS), developed with partner 2D3, which enhances situational awareness and actionable intelligence by interconnecting intelligence, surveillance and reconnaissance data links on unmanned aerial vehicles with existing tactical networks, dramatically improving the dissemination of video and other critical data to the warfighter.
  • Cubic’s industry-leading air combat training systems, used in live simulated battles by fighter and attack pilots all over the world to gain tactical proficiency and test their skills.
  • Cubic Global Tracking Solutions’ technology, which uses smart devices and satellite data links to track and monitor containers, trucks, equipment, pallets and almost anything else anywhere in the world, 24 hours a day.

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. 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 website at www.cubic.com.

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Cubic Global Tracking Solutions mist(TM) Technology Receives Algorithm Validation by NIST — Press Release

February 1, 2012 by · Comment
Filed under: Business Line, Companies, Cubic, Events, IT, Press Releases 

Cubic Global Tracking Solutions mist(TM) Technology Receives Algorithm Validation by NIST

Cubic’s mist(TM) Crypto Module Evaluated and Meets Stringent Security Requirements

VIENNA, VA–(Marketwire – February 01, 2012) – Cubic Global Tracking Solutions, the asset visibility solutions provider of Cubic Corporation (NYSE: CUB), received cryptographic algorithm validations from the National Institute of Standards and Technology (NIST) for the company’s mist™ technology that is utilized in Cubic’s mesh asset tags, mobile mesh gateways and fixed mesh gateways.

The Cubic mist™ AES-CCM and mist™ DRBG algorithms were recently added to the NIST algorithm validation lists. These two algorithms are the key to implementing encryption systems meeting Federal Information Processing Standards 140-2 requirements (FIPS 140-2).

Cubic’s mist™ algorithms have been implemented on Texas Instruments Incorporated (TI’s) CC2530 system-on-chip (SoC) hardware, which supports the IEEE 802.15.4 wireless standard. The cryptographic algorithms are incorporated in Cubic’s mist™ Crypto module, which implements an ultra-low power, robust, mesh radio network targeted for logistics applications. This validation means the Cubic mist™ Crypto module meets the standards and guidelines for information security.

“Information security is a crucial prerequisite to Cubic Global Tracking Solutions’ customers that employ our mesh technology, called mist™. We understand the importance of security and place a high value on making sure our technology not only meets, but exceeds our customer’s requirements,” said Mary Ann Wagner, president of Cubic Global Tracking Solutions.

“The secure connection of devices to the Internet of things is of increasing importance for supply chain management. Texas Instruments is pleased to work with Cubic to provide a secure wireless solution for logistics management,” said Mark Grazier, program manager for wireless sensor networks and worldwide third party developer network, Low-Power RF at TI.

About Cubic Global Tracking Solutions

Cubic Global Tracking Solutions is a provider of asset-visibility systems and services. Cubic’s secure asset monitoring solutions provide ongoing situational awareness across an enterprise, and require limited or no infrastructure.

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 for U.S. and allied military and security forces. 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 website at www.cubic.com.

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Cubic Global Tracking Solutions Supports DoD With Generation II Satellite Enabled Tracking & Intrusion Detection Devices — Press Release

September 12, 2011 by · Comment
Filed under: Business Line, Companies, Cubic, Events, IT, logistics, Press Releases 

Cubic Global Tracking Solutions Supports DoD With Generation II Satellite Enabled Tracking & Intrusion Detection Devices

Container Tracking & Monitoring Solution Provides Logistics Intelligence and Intrusion Detection

VIENNA, VA–(Marketwire – September 12, 2011) – Cubic Global Tracking Solutions, the asset visibility solutions provider of Cubic Corporation (NYSE: CUB), is tracking and monitoring containers for the U.S. Department of Defense (DoD) with Generation II Satellite Enabled Tracking & Intrusion Detection (GEN II SETID) tags.

Cubic’s Container Tracking & Monitoring Solution employs Cubic’s Global Sentinel devices, which the DoD refers to as GEN II SETID tags. These devices provide situational awareness, actionable logistics intelligence, intrusion detection and theft deterrence along with enhanced force protection for the DoD.

“With Cubic’s Container Tracking & Monitoring Solution, our goal is to allow the DoD to have complete visibility of assets arriving in theater, cut down on theft and ultimately increase security,” stated Mary Ann Wagner, President of Cubic Global Tracking Solutions. “Cubic provides satellite tracking and intrusion detection in one device, along with sensors for heat, humidity, light, motion and power management — and offers a battery life of up to three years. This is unparalleled in the marketplace.”

Cubic’s Container Tracking & Monitoring Solution allows the DoD to buy a service versus buying a tag. This service can be tailored to the customer’s requirements to include installation, tracking/monitoring and device removal. This allows the DoD to buy the service on demand.

At the end of August, the first shipment of containers equipped with Cubic’s solution arrived from both east coast and west coast DoD distribution centers into Afghanistan, without incident. “Our goal is to build upon the relationship with the DoD and the carriers in order to continue to increase the safety and security of containers going into theater,” stated Wagner.

Cubic Global Tracking Solutions will be in Booth R at the National Defense Transportation Association Annual Conference in Phoenix, Arizona, from 12-15 September.

About Cubic Global Tracking Solutions

Cubic Global Tracking Solutions is a provider of asset-visibility systems and services. Cubic’s secure asset monitoring solutions provide ongoing situational awareness across an enterprise, and require limited or no infrastructure.

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. 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 website at www.cubic.com.

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Cubic Global Tracking Solutions’ Global Sentinel(TM) System Receives Iridium Certification — Press Release

Cubic Global Tracking Solutions’ Global Sentinel(TM) System Receives Iridium Certification

Continuous Global Coverage by Employing Iridium 9602 Short-Burst-Data Transceiver in 5th Generation Global Sentinel Asset Tracking Device

VIENNA, VA–(Marketwire – June 13, 2011) –

Cubic Global Tracking

Cubic Global Tracking Solutions, the asset visibility solutions provider of Cubic Corporation (NYSE: CUB), today announced it has received certification from Iridium Communications, Inc. for the Global Sentinel™ System.

The Global Sentinel™ System tracks and monitors valuable high-risk assets across an organization’s enterprise through an infrastructure free system that provides two-way, redundant encrypted communications. The system provides up to 2,000 unique geo-zones for each device to control precise reporting rules along the supply chain. It can monitor asset conditions including temperature, humidity, light sensing, motion and container door status.

“As an Iridium partner for the past seven years, we’ve worked closely to integrate the Iridium 9602 transceiver into Cubic’s fifth generation of products,” said Mary Ann Wagner, president of Cubic Global Tracking Solutions. “Our partnership with Iridium is essential to the services we provide our customers because we rely on Iridium to provide real-time low latency reporting on our customers’ assets in areas where other modes of communication are unavailable. This capability allows us to have continuous global coverage for reliable secure reporting of asset position, status and event alerts. This is essential because of the critical nature of the assets we are tracking and monitoring for our Department of Defense and commercial customers.”

“The Iridium 9602 is ideal for a growing range of applications, including remote and personal location tracking, and monitoring and tracking of assets and equipment for greater efficiency,” said Greg Ewert, executive vice president, Global Distribution Channels for Iridium. “As the world’s farthest-reaching network, together with our partners, we are enabling innovation through new types of Iridium 9602-based machine-to-machine (M2M) solutions that provide consistent, reliable communications across the globe.”

To provide real-time asset tracking worldwide, Cubic’s Global Sentinel™ System relies on a variety of transmission links to communicate the positioning and status of an asset. Based on the location of the asset, the system selects whichever link is the most cost-effective for data transmission. This includes wireless mesh networking, cellular or the ubiquitous global two-way coverage of the 66-satellite Iridium constellation. Often, the Global Sentinel™ System relies on the Iridium network because it eliminates blind spots when other routing methods are not available for use, due to the asset being out of range of coverage.

Cubic Global Tracking Solutions provides uninterrupted tracking and monitoring and is an international provider of defense and commercial asset visibility solutions used by the Department of Defense for container tracking, yard management and shipment monitoring in the Middle East and Southwest Asia.

About Cubic Global Tracking Solutions
Cubic Global Tracking Solutions is a provider of asset-visibility systems and services. Cubic’s secure asset monitoring solutions provide ongoing situational awareness across an enterprise, and require limited or no infrastructure.

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. 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 website at www.cubic.com.

About Iridium Communications Inc.

Iridium Communications Inc. (www.iridium.com) is the only mobile satellite service (MSS) company offering coverage over the entire globe. The Iridium constellation of low-Earth orbiting (LEO) cross-linked satellites provides critical voice and data services for areas not served by terrestrial communication networks. Iridium serves commercial markets through a worldwide network of distributors, and provides services to the U.S. Department of Defense and other U.S. and international government agencies. The company’s customers represent a broad spectrum of industry, including maritime, aeronautical, government/defense, public safety, utilities, oil/gas, mining, forestry, heavy equipment and transportation. Iridium has launched a major development program for its next-generation satellite constellation, Iridium NEXT. The company is headquartered in McLean, Va., U.S.A. and trades on the NASDAQ Global Select Market under the ticker symbols IRDM (common stock), IRDMW ($7.00 warrants), IRDMZ ($11.50 warrants) and IRDMU (units).

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Cubic Introduces Multiband Miniature Transceiver for ISR Platforms — Press Release

Cubic Introduces Multiband Miniature Transceiver for ISR Platforms

Flexible, Easy to Integrate Digital Data Link Includes Removable Encryption

SAN DIEGO, CA–(Marketwire – May 17, 2011) – Cubic Defense Applications, a defense systems business unit of Cubic Corporation (NYSE: CUB), has introduced a new digital data link that operates in multiple radio frequency (RF) bands and can be used throughout the world by matching the available portion of spectrum. Cubic’s Multiband Miniature Transceiver (MMT) transfers voice, data and imagery between air and ground platforms and possesses the extra advantage of removable encryption.

Specifically designed to be interoperable with most intelligence, surveillance and reconnaissance (ISR) systems, the MMT receives and transmits video and telemetry data across five frequency bands — Ku, C, S, L and UHF — at data rates from 200 Kbps to 45 Mbps.

At 23 cubic inches, the MMT can fit in a shirt pocket and weighs less than 1.7 pounds. This makes it easy to incorporate into an air or ground platform. The MMT also has minimal power requirements.

Cubic developed the MMT to meet the growing operational requirement for multiband units with removable encryption. The Spanish government has ordered the new digital data link and Cubic expects to announce other orders in the near term.

Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation. Cubic Defense Applications is a leading supplier of combat training systems, communications, cyber technologies, and global tracking solutions. Cubic Mission Support Services is a leading provider of training, operations, maintenance, and technical support services. 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 www.cubic.com.

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Cubic Announces $18.8 Million U.S. Army Contract for Functional and Analytical Support to the Sustainment Battle Lab — Press Release

March 24, 2011 by · Comment
Filed under: Business Line, Companies, Cubic, Events, IT, Press Releases, S&T 

Cubic Announces $18.8 Million U.S. Army Contract for Functional and Analytical Support to the Sustainment Battle Lab

HAMPTON, VA–(Marketwire – March 24, 2011) – The U.S. Army has awarded Cubic Applications Inc., a mission support services subsidiary of Cubic Corporation (NYSE: CUB), an $18.8 million contract for functional and analytical support to the U.S. Army Combined Arms Support Command’s (CASCOM) Sustainment Battle Lab located at Fort Lee, Virginia.

The Sustainment Battle Lab assists the Army Concept Development and Experimentation Plan and the Sustainment community by researching and evaluating existing and emerging logistics processes; developing future concepts, force designs and organizational relationships; and evaluating existing and emerging logistics technologies and facilities to support these activities. The battle lab participates in Joint, Army and other Service processes, experiments and wargames in fulfilling its responsibilities. Under this contract, Cubic will provide management, analytical, and technical support to the Sustainment Battle Lab and other CASCOM directorates for Army Concept Development and Experimentation Plan & Future Force initiatives.

“The support Cubic provides to this program will assist the Army’s combat development process in a variety of venues by providing analytical rigor to develop quantifiable data so the Army can make informed decisions and see a positive return on their investment,” said Joe Roszkowski, Program Director for Cubic’s Operations Support Division in Prince George, Virginia.

Cubic Applications, Inc. is part of the Mission Support Services business unit of 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 and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services. 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 www.cubic.com.

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Cubic to Provide Laser Data Link for Sniper System — Press Release

Cubic to Provide Laser Data Link for Sniper System

SAN DIEGO, CA–(Marketwire – March 22, 2011) – Cubic Defense Applications, the defense systems business of Cubic Corporation (NYSE: CUB), has received a $2.5 million contract to provide an optical data link system to the contractor team developing a new small-caliber guided weapon system for the Defense Advanced Research Projects Agency (DARPA).

The goal of the Extreme Accuracy Tasked Ordnance (EXACTO) system is to produce a guided, actively controlled 50-caliber sniper rifle system with significantly improved range and accuracy over current systems. Cubic is under contract to Teledyne Scientific & Imaging LLC, prime contractor for the EXACTO program, to develop optical command link components for the fire control and guidance subsystems.

“EXACTO will enable our ground troops to operate with greater precision at long range and under difficult environmental conditions,” said Steve Sampson, vice president of Advanced Programs for Cubic Defense Applications. “Our optical link will be a critical piece of this new guided system.”

The new endeavor draws upon the company’s past research and development efforts in optical communications, including creation of two-way optical combat identification system designed to reduce the incidence of fratricide. Cubic developed the combat ID solution with funding from DARPA and the U.S. Army.

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. 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 www.cubic.com.

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Cubic to Provide Education, Leader Development, and Training Support Services to the U.S. Army Combined Arms Center and Fort Leavenworth — Press Release

Cubic to Provide Education, Leader Development, and Training Support Services to the U.S. Army Combined Arms Center and Fort Leavenworth

LEAVENWORTH, KS–(Marketwire – March 03, 2011) – Cubic Applications, Inc., a mission support services subsidiary of Cubic Corporation (NYSE: CUB), has received a new five-year contract to provide military training and education support to the U.S. Army’s Combined Arms Center (CAC) and Fort Leavenworth, Kansas. Cubic is one of ten companies to win the five-year CAC Omnibus V Contract, which has a maximum value of $260 million.

The CAC Omnibus V Contract is the primary services support contract used by the Army’s Combined Arms Center and Fort Leavenworth to provide education, leader development, and training support services to the Army’s Training and Doctrine Command and its associated schools and centers. The contract vehicle allows commanders and program managers to obtain training and related support quickly, without losing focus on their primary missions. Areas of support include doctrine, organizational, training, combat, materiel, personnel, simulation, software and leader development. Other services include information technology and exercise support, data collection and analysis, studies, military research, knowledge management, mapping and terrain analysis, publication development and strategic communications.

Cubic has been a mainstay at Fort Leavenworth and is the only major contractor to successfully retain a position on every omnibus contract awarded for the past 20 years. Under the contract, Cubic Applications, Inc. will retain its leadership position in providing state of the art education and training to help shape the Army’s future generations of soldiers and leaders.

Cubic’s Training and Education Division in Leavenworth, Kansas, takes the lead for Cubic Applications, Inc. in this program.

Cubic Applications, Inc. is part of the Mission Support Services business unit of 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 and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services. 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 www.cubic.com.

The information contained in this article should not be interpreted as an endorsement by the U.S. Government.

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Cubic Receives ID/IQ Contract, $14.5 Million Task Order to Support Training Simulators in U.S., Overseas — Press Release

February 1, 2011 by · Comment
Filed under: Business Line, Companies, Cubic, Events, IT, Press Releases, training 

Cubic Receives ID/IQ Contract, $14.5 Million Task Order to Support Training Simulators in U.S., Overseas

SAN DIEGO, CA–(Marketwire – January 31, 2011) – Cubic Worldwide Technical Services, Inc., a subsidiary of Cubic Corporation (NYSE: CUB), has been awarded one of eight indefinite-delivery/ indefinite-quantity (ID/IQ) multiple award contracts for Fielded Training Systems Support Services (FTSS). The Naval Air Warfare Center Training Systems Division in Orlando, Florida, awarded the contracts to support over 900 training simulators for the U.S. Navy and Marine Corps, and for other governments under potential Foreign Military Sales.

As part of the FTSS III award, CWTS also received the initial FTSS III Task Order (0001) for operations, maintenance and instructional support for the E-2C training devices at Navy facilities located in Norfolk, Virginia, and Point Mugu, California. Valued at approximately $14.5 million, this task order began in January with a two-month mobilization/phase-in, to be followed with a 55-month period of performance.

Services covered under the ID/IQ include operations and maintenance support, instruction, limited training device modifications, training device relocations, training system management, in-service engineering office support (backup resource to SeaPort-e), spares/product support, and other related trainer support services. The aggregate, not-to-exceed amount for these contemplated multiple award contracts combined is $900 million, and each contractor will be provided a fair opportunity to compete for individual task orders. Work will be performed in various locations inside and outside the continental United States and is expected to be completed in September 2018.

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. 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 www.cubic.com.

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Cubic Receives $35 Million Contract to Provide Advanced Instrumentation for U.S. Test Ranges — Press Release

Cubic Receives $35 Million Contract to Provide Advanced Instrumentation for U.S. Test Ranges

SAN DIEGO, CA–(Marketwire – November 11, 2010) – Cubic Defense Applications, the defense systems business of Cubic Corporation (NYSE: CUB), has been awarded a contract valued at approximately $35 million as part of an industry team developing the Common Range Integrated Instrumentation System (CRIIS) for U.S. military test ranges. If all options are exercised, Cubic’s participation in the CRIIS program has a potential value close to $90 million.

The CRIIS program fulfills a critical Department of Defense (DoD) requirement to provide Time, Space, and Position Information (TSPI) and system test data to support weapon system testing for a variety of platforms, including advanced aircraft, ships, helicopters, unmanned aerial vehicles, ground vehicles and dismounted soldiers.

Cubic is a key subcontractor on a team led by Rockwell Collins. The U.S. Air Force awarded Rockwell Collins a $140 million contract to develop the first phase of CRIIS.

“Cubic is known worldwide for its air combat training systems. With this major contract win, we are expanding significantly into the test and evaluation (T&E) instrumentation market,” said Brad Feldmann, President of Cubic Defense Applications.

Under contract to Rockwell Collins, Cubic will be responsible for portions of the design, development, packaging and integration of airborne, ground vehicle and shipboard subsystems. Cubic also has responsibility for site installation and activation. The initial contract includes development for three airborne subsystems, a wing-mounted instrumentation pod for F-15 and F-16 aircraft, and two internal systems designed to be installed within the F/A-18, F-22 and F-35 aircraft.

Development of the airborne, ground vehicle and shipboard subsystems will take place in San Diego. Ultimately, CRIIS will be operational at eight test ranges including Edwards Air Force Base, Eglin AFB, Nellis AFB, Naval Air Weapons Station China Lake, Naval Air Station Point Mugu, NAS Patuxent River, White Sands Missile Range and the Yuma Test Center.

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. 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 www.cubic.com.

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Cubic to Provide Training Support to Joint Multinational Simulation Center — Press Release

Cubic to Provide Training Support to Joint Multinational Simulation Center

Potential $35 Million Contract Will Serve U.S. Army Installations in Germany, Italy

KINGSTOWNE, VA–(Marketwire – November 04, 2010) – Cubic Applications, Inc. (CAI), a member of the Mission Support Services business unit of Cubic Corporation (NYSE: CUB), has been awarded a five-year contract with a potential value close to $35 million to provide simulation and network services to support battle simulations and battle command systems for the Joint Multinational Simulation Center (JMSC) located at Grafenwöhr, Germany, and five other European sites.

The JMSC is an element of the Joint Multinational Training Command (JMTC), the training command of U.S. Army Europe. The JMTC is the largest training command outside the continental United States. JMTC range and maneuver complexes, simulation centers, classrooms and facilities provide realistic and relevant training to U.S. Army, Joint Service, NATO, and allied units and leaders.

Larry Smith, Vice President and General Manager of CAI’s Virginia-based Defense Modernization Division, said this program will become the company’s largest European contract. Unlike other CAI training contracts, this one focuses entirely on information technology design, implementation, and support. CAI is providing software engineers, network engineers, systems administrators, database managers/developers and information assurance to support mission training and command and control systems employment and integration. Work on the contract begins December 1, 2010.

The JMSC supports U.S. and allied training from its principal location at Grafenwöhr, and from sites at Baumholder, Kaiserslautern, Schweinfurt/Bamburg, and Hohenfels in Germany and at Vicenza, Italy. Additionally, support is provided throughout the European theater to U.S., NATO and allied coalition units. Units supported range in size from Battalion through Joint Task Force. Significantly, JMSC also supports the Africa Command, with headquarters at Stuttgart, Germany.

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 and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services. 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 www.cubic.com.

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Cubic and Vitrociset Win Combat Training Center Program in Italy — Press Release

Cubic and Vitrociset Win Combat Training Center Program in Italy

U.S. and Rome-Based Defense Contractors to Deliver Most Modern CTC in Europe

SAN DIEGO, CA–(Marketwire – October 25, 2010) – Cubic Corporation (NYSE: CUB) and Vitrociset S.p.A., a defense, space and electronics company headquartered in Rome, have been awarded a five-year contract by the Italian Ministry of Defense for combat training. This program will provide the Italian Army the most advanced instrumented combat training center in Europe with live and constructive simulation capabilities at five different sites, and includes urban warfare training instrumentation. The program is expected to generate more than $50 million in revenues over the contract performance period.

Cubic and Vitrociset will provide and integrate fully instrumented man-worn and vehicle Multiple Integrated Laser Engagement System (MILES) kits to enhance the training of Italian forces in realistic operational settings. It includes urban training, specialized weapons effects, and a constructive simulation element to refine leader command, control, and operational decision making.

“Not only is the Italian CTC a significant contract in terms of its size and scope, but it also represent our first major sale in Italy and first ground combat win in Western Europe in many years,” said Bradley H. Feldmann, President, Cubic Defense Applications. “We are grateful that Cubic was chosen for this program, and look forward to working with Vitrociset to deliver a training capability that exceeds the expectations of the Italian Ministry of Defense.”

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. 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 www.cubic.com.

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Cubic Global Tracking Solutions Introduces Smarter Asset Tracking Technology to the DoD Market at NDTA Forum — Press Release

September 20, 2010 by · Comment
Filed under: Business Line, Companies, Cubic, Events, IT, logistics, Press Releases 

Cubic Global Tracking Solutions Introduces Smarter Asset Tracking Technology to the DoD Market at NDTA Forum

Company Completes Integration of Iridium’s New 9602 Modem for Enhanced Global Coverage and Cost Optimization

SAN DIEGO, CA–(Marketwire – September 20, 2010) – Cubic Global Tracking Solutions, the asset tracking business of Cubic Corporation (NYSE: CUB), today introduced their next-generation intelligent tracking solutions for military logistics professionals during the National Defense Transportation Association (NDTA) Forum & Expo in National Harbor, Maryland.

Cubic Global Tracking Solutions (Cubic GTS) was formed in May when Cubic acquired Impeva Labs, Inc., an international provider of defense and commercial cargo tracking solutions used by the U.S. Department of Defense for tracking and monitoring shipments in the Middle East and Southwest Asia. The company’s “least cost routing” methodology selects the most cost-effective transmission link for data routing — wireless mesh networking, active Radio Frequency Identification (RFID), cellular or the ubiquitous global two-way coverage of the 66-satellite Iridium constellation — to provide real-time asset tracking worldwide.

“We offer the most reliable, best value solution for customers,” said Randall Shepard, Senior Vice President of Cubic GTS. “Within two minutes from any point on earth, we can provide crucial information to our DoD and commercial customers to better manage their high-value assets — all for a very low life-cycle price. Remotely reconfigurable embedded intelligence allows our devices to only report when something unusual or of interest takes place. Redundant global communications, including Iridium, ensures that this actionable data is always received.”

An Iridium partner for the past five years, Cubic GTS worked closely with Iridium to integrate the new 9602 modem into Cubic’s fifth generation of products and is currently participating in Iridium’s internal certification process. Cubic’s open-architecture system enables customers to directly track and monitor valuable assets across the entire intermodal transportation network using secure Web-based applications. Alternatively, customers can rely on Cubic to provide global support around-the-clock.

Cubic GTS adds a new facet to Cubic Corporation’s long legacy in satellite and positioning systems with its Global Sentinel Unit (GSU) wireless communications module. The GSU features low battery consumption, near-real-time position and status reporting, and the capability to alter reporting cycles based on threat conditions. Its environmentally hardened enclosure ensures years of dependable, service-free operation under the harshest conditions.

Cubic GTS will highlight its lab-verified and field-tested products and services in Booth H at NDTA.

Cubic GTS is part of the Defense Systems business of Cubic Corporation, which has decades of experience in developing systems to track and determine the geographical position of objects in the air, on the ground and at sea. In the 1950s and 1960s, Cubic systems tracked missiles soaring over military test ranges and Gemini and Apollo astronauts orbiting over the Earth. In the 1960s, the company developed a satellite surveying system for the U.S. Army that mapped the planet, and created highly successful position location systems for the oil drilling industry. From the 1970s through the present, Cubic systems have tracked military pilots and ground troops during combat training exercises.

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. 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 www.cubic.com.

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Navy to develop WMD simulator

The US Navy awarded Cubic Applications Inc a contract to begin development of a training simulator for Weapons of Mass Destruction (WMD) environments. The contract is worth up to about $16 M, with $2M executed to date. The Navy will ultimately end up with a system that can conduct repeatable training on a range. The contract is for development of a system as well as looking at future technologies that can support this type of training.

See the press release at the The Wall Street Journal’s MarketWatch.com site.

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