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  • Wednesday, April 24, 2024

Cubic Buys Live Fire Range Firm Assets, Subsidiaries; Dave Schmitz Comments

cubic corp logoCubic Corp. (NYSE: CUB) has acquired some assets of live fire range facility provider Advanced Interactive Systems as Cubic looks to expand offerings and capitalize on international channels.

Cubic closed the buy of AIS’ assets and foreign subsidiaries through a bankruptcy sale, Cubic said Tuesday.

Dave Schmitz, Cubic president of defense systems, said AIS will aim to help Cubic extend its training footprint to include overseas facility projects and grow services for law enforcement clients.

AIS supplies simulation products such as PRISim for classroom applications or indoor fire ranges and QuickRange for live fire and training ranges.

The company also provides design, construction and support services to international  customers for counterterrorism and live-fire law enforcement training.

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