Cubic Buys DTECH LABS for $114.5M; Bradley Feldmann Comments

Bradley Feldmann
Bradley Feldmann Cubic Corp. (NYSE: CUB) has acquired modular networking and baseband communications equipment provider DTECH LABS Inc. for $114.5 million. Bradley Feldmann, president and CEO of Cubic, said Tuesday the DTECH acquisition is part of the company’s “near-term strategy to build a niche $100 [million] to $200 million C4ISR business generating mid-teen EBITDA margins.” Sterling, Virginia-based...

BAE Vet Chris Bellios Joins Cubic as Nat’l Intell SVP; Bill Toti Comments

CubicLogo
Chris Bellios, formerly a vice president at BAE Systems, has joined Cubic as senior vice president of national intelligence for the mission support services business and will manage training and mentorship strategies. He will report to Mission Support Services President and General Manager Bill Toti and oversee the execution of Cubic’s national intelligence programs, the company said...

December 2 Market Close: GovCon Index Rebounds as Biotech, Energy Shares Drive Market

GovConIndex
The GovCon Index gained some ground Tuesday from the previous day’s loss with an increase of 0.387 percent — or 0.273 points — to close at 70.263. Biotechnology and energy companies were the major drivers of activity on the major stock markets and investors also drew confidence in data that showed growth in construction spending during October, according to Bloomberg. Traders...

December 1 Morning Report: GovCon Index Up; Cubic Reports Record Earnings

GovConIndex
The GovCon Index closed Wednesday at 70.507, a 0.35 percent increase from Tuesday, continuing its week of gains for the third day in a row heading into the Thanksgiving break. Cubic Corp. (NYSE: CUB) led Index gainers reporting positive financial results for its fourth quarter and full 2014 fiscal year ended Sept. 30, 2014. Tech companies carried U.S. major indicators, Reuters said, with the Dow...

November 26 Market Close: GovCon Index Extends Climb With Push From Cubic

GovConIndex
The GovCon Index continued its week of gains into a third straight day as it closed at 70.507 — a 0.35 percent increase from Tuesday. Cubic Corp. (NYSE: CUB) was the largest gainer for the Index as the company said in its earnings release it set a new quarterly revenue record. Reuters cited technology stocks as drivers of increases across the stock market and energy shares as a pressure on...

Cubic Sets Revenue Record in 4Q 2014, Records 3% Hike for Full Fiscal Year

CubicLogo
Cubic Corp. (NYSE: CUB) has announced financial results for its fourth quarter and full 2014 fiscal year ended Sept. 30, 2014. The San Diego-based defense and transportation technology contractor reported a 3-percent increase in revenue to $1.398 billion for the full year and a 16-percent jump to a record figure of $396.4 million for the quarter. Cubic also reported a record profit for the fourth...

Dave Schmitz: Cubic to Help US Army Train on Tactical Vehicle, Laser Engagement Systems

Dave Schmitz
Dave Schmitz Cubic Corp. (NYSE: CUB) has received a more than $51 million U.S. Army order of tactical vehicle and integrated laser engagement systems for the service’s home-station training program. The technology incorporates laser emitters affixed to military weapons and sensors to simulate combat and records data during combat training exercises, Cubic said Monday. “Cubic is proud...

Bill Toti: Cubic to Support Marines Training for Combat Readiness

Bill Toti
Bill Toti A Cubic (NYSE: CUB) operating company within its mission support services business will provide training support to the U.S. Marine Corps under a three-year, $46.5 million contract with the Marine Corps Systems Command. Cubic Applications will help the Marine Air Ground Task Force’s training systems support program in providing battle staff and C4 mobile training, command post and...

Jan Marshall to Serve as Cubic VP, CIO; Bradley Feldmann Comments

CubicLogo
Jan Marshall, founder of the jlm Coaching and Consulting group, has joined Cubic (NASDAQ: CUB) as vice president and chief information officer. In her new role, Marshall will take charge of the team handling information technology solutions delivery, infrastructure, applications and processes, Cubic said Tuesday. “Her passion for transforming IT within a company to impact the business will...

Cubic Announces Exec Changes at Transportation Systems Arm; Matt Newsome, Matt Cole Comment

CubicLogo
Cubic‘s (NASDAQ: CUB) transportation systems subsidiary has promoted Dave Blue and Rasheed Behrooznia and transferred Pradip Mistry as part of leadership changes in the company’s sales, engineering and research and development businesses. Blue will serve as vice president of sales and account management while Behrooznia will be VP of engineering for the Americas, the latter replacing Mistry,...