Cubic Acquires Software, Gaming Firm Intific; Dave Schmitz Comments

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Cubic Corp.  (NYSE: CUB) has acquired Intific Inc. for an undisclosed amount in a move aimed at extending the company’s reach into the cybersecurity, game-based service and transportation training markets. Intific will operate within the Cubic Defense Systems business unit, Cubic said Monday. Dave Schmitz Dave Schmitz, president of Cubic Defense Systems, said the company intends to absorb Intific’s...

Dave Schmitz: Cubic Defense Award ‘Reinforces Growing Footpint’ in Asia Pacific

Dave Schmitz
Dave Schmitz A Cubic Corp. (NYSE: CUB) subsidiary has won a combat training equipment order from an Asia Pacific customer worth more than $70 million. Cubic Defense Systems will build laser-based simulation tools, vehicle kits, weapon configurations, fire systems and backup equipment for the customer, Cubic said Wednesday. “This contract from a long-term customer reinforces our extensive and growing...

Cubic Subsidiary to Help Train Army Reserves Soldiers on Marksmanship; Dave Schmitz Comments

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A Cubic Corp. (NYSE: CUB) subsidiary has won a $10 million contract to help the U.S. Army Reserves train warfighters on how to find targets at a distance. Cubic Defense Systems will provide its Engagement Skills Trainer virtual training tool and simulated weapons to Reserves soldiers using feedback efficiency indicators and three-dimensional targets, Cubic said Thursday. Dave Schmitz, president of...

Cubic to Pay Shareholders 12 Cent Semiannual Dividend

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Cubic Corp.’s (NYSE: CUB) board of directors has approved a regular semiannual dividend of 12 cents per share. The dividend payable on Sept. 4 to stockholders of record as of Aug. 20, 2013, the company said Thursday.

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

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Cubic 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 AISAutomated Information Systems’ assets and foreign subsidiaries through a bankruptcy sale, Cubic said Tuesday. Dave Schmitz, Cubic president of defense systems, said AISAutomated Information...

Cubic Corp. to Provide Marines with Combat Simulators; Dave Schmitz Comments

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Cubic Corp.’s (NYSE: CUB) defense applications business has won a contract to provide the U.S. Marine Corps with a laser-based simulation system intended to help train marine forces. Cubic Defense Applications will deliver the instrumented-tactical engagement simulation system II that imitates actual combat situations and is slated to replace legacy systems at the Marine Corps base in Quantico, Va.,...

Cubic to Research Tech, Develop Concepts for Pacific Command Tests

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Cubic Corp. has won a $6,619,241 contract to research technology and develop operational aspects for tactics, techniques and procedures for U.S. Pacific Command. PACOM intends for the research to support its joint innovation and experimentation initiatives, the Defense Department said Monday. The company will also participate in joint tests and evaluations and develop concepts under the cost-plus-fixed-fee...

Cubic in Talks to Buy Serco’s Transportation Solutions Business

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Cubic Corp. is in discussions with Serco Group plc to acquire the latter’s transportation solutions business in a move aimed at growing Cubic’s presence in the enforcement, road and traffic markets. Talks have entered the exclusive due diligence phase and Cubic intends to integrate the business into its transportation systems division if the companies agree to a transaction, Cubic said...

Cubic Wins $134M to Help Navy Train Pilots; Harold Carlisle Comments

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A Cubic Corp. (NYSE: CUB) subsidiary has won a $134 million task order contract to provide training and support services to the U.S. Navy for nine types of aircraft. This five-year order falls under the Fielded Training Systems Support III indefinite-delivery/indefinite-quantity contract, Cubic said Tuesday. Cubic Worldwide Technical Services started work April 1 at five naval air stations and provides...

Dave Schmitz Promoted to Cubic Defense Lead; Brad Feldmann Comments

Dave Schmitz Dave Schmitz, a former chief operating officer for Cubic Corp.’s defense applications business segment, has been promoted to president of the segment nine months after first joining the company. Schmitz succeeds Brad Feldmann, who in February was promoted to president and chief operating officer of Cubic, the company said Tuesday. Brad Feldmann Prior to joining Cubic, Schmitz served...

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