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Cubic Wins $134M to Help Navy Train Pilots; Harold Carlisle Comments
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...
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...
Cubic Promotes CFO William Boyle To CEO, Bradley Feldmann COO
William Boyle
Cubic Corp.’s (NYSE: CUB) board of directors has promoted Chief Financial Officer William Boyle to president and CEO in a series of executive moves, Cubic announced Friday.
John Thomas
Boyle, who also held the executive vice president title, has served as interim president and CEO of the San Diego-based firm since the death of founder...
Cubic Wins $300M For Navy Combat Ship Training Systems
Cubic Corp. has won $300 million in contract awards from the to produce training systems for the branch’s combat ships, the Orlando Sentinel reports.
Richard Burnett writes the company’s simulation systems division won three $100 million awards to build the systems for the Littoral Combat Ship.
The company will make systems for both Lockheed...
Cubic Buys NEK Special Ops Training Business for $52M; Jay Thomas Comments
Jim Balentine
Cubic Corp. (NYSE: CUB) has acquired the operating assets of NEK Special Programs Group LLC, the special operations training subsidiary of NEK Advanced Securities Group for $52 million cash.
Jay Thomas
Cubic said the transaction closed Dec. 14 and Jim Balentine, president of Cubic’s mission support services business unit, will oversee...
Cubic Names William Boyle Interim CEO Following Founder Walter Zable’s Passing
William W. Boyle
Walter C. Zable
Cubic Corp. (NYSE: CUB) has appointed Chief Financial Officer Willam W. Boyle interim president and CEO following the death of founder Walter J. Zable, who had also served as board chairman.
For more on Zable’s life and career, click over to GovCon Executive.
The company said Boyle will retain his CFO role,...
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...
Cubic Wins Potential $200M Contract for Laser Weapons System
The U.S. Army‘s program executive office for simulation, training and instrumentation has awarded Cubic’s defense systems business segment a contract potentially worth more than $200 million to upgrade the Instrumentable Multiple Integrated Laser Engagement System Individual Weapons System.
An initial order of $19 million covers the base...
Cubic to R&D Abrams Gun Shields, Deliver Virtual Trainer to National Guard
Cubic Corp. (NYSE: CUB) has won an $11 million order to provide a virtual small arms training system to the U.S. Army National Guard.
The order includes simulated weapons and subtrainers for the Engagement Skills Trainer 2000.
The company will also research and develop a design mock-up for 77 Loader’s armored gun shields, which fit in the turret hatches...
Cubic Wins $49M for Data Link of Joint STARS Surveillance System
Cubic Defense Applications (NYSE: CUB) has won a five-year $49 million indefinite-delivery/indefinite-quantity U.S. Army contract to provide repairs and engineering support for an airborne surveillance and control data link.
The data link relays data and communications for Joint STARS, a Northrop Grumman (NYSE: NOC) built battle management, intelligence,...





