Cubic Defense Applications Appoints Dave Schmitz New COO

Cubic Cubic Corp. announced today it has appointed Dave Schmitz to the newly created position of chief operating officer of its defense systems business unit, Cubic Defense Applications. To read about other recent executive moves at Cubic read our story at GovCon Executive. Schmitz previously served as vice president and general manager of Cobham Sensor System‘s microwave business and will...

Cubic Wins $120M to Provide Immersive Training Equipment to Middle East Nation

Cubic Corp. (NYSE: CUB) announced today it has secured a prime contract worth more than $120 million with a Middle East customer. Cubic’s simulation system division, the company will provide “immersive training equipment” for various weapons at more than 20 locations. The company said the equipment enables comprehensive marksmanship and small arms training capabilities. Cubic did not report...

Cubic Reports Record Sales, Backlog in FY2011; Profit Grows 20%

Cubic Corp. (NYSE: CUB) has released financial results for its 2011 fiscal year ended Sept. 30, 2011. The company reported record high sales totaling approximately $1.3 billion, an increase of 8 percent over sales of nearly $1.2 billion in 2010. Profit rose 20 percent to $84.8 million, or $3.17 per share, from $70.6 million, or $2.64 per share last year. Total backlog also reached a record high...

Cubic Intros Mini Transceiver

Cubic Corporation (NYSE: CUB) announced today its business unit, Cubic Defense Applications, premiered its multiple radio frequency digital data link. The Multibank Miniature Transceiver mitigates the flow of voice and image data between air and ground stations. Cubic says MMT also includes additional removable encryption to protect the information. Cubic designed MMT to work with intelligence, surveillance...