Cubic Corp.’s (NYSE: CUB) defense systems business has received a first production order for its tactical vehicle system from the U.S. Army‘s program executive office for simulation, training and instrumentation.
The $13 million order is under an indefinite-delivery/indefinite-quantity contract awarded last year, which is potentially worth more than $100 million over four option years.
TVS uses vehicle laser sensors, a control module and other electronics to provide instant feedback to vehicle crews when laser simulated weapons score “hits” during training.
Cubic will begin delivering kits in 2012 for use at multiple worldwide Army installations.
“This important contract positions Cubic to expand delivery of the TVS system to the U.S. Army and many international customers over the next several years, ” said Bradley H. Feldmann, president of Cubic Defense Applications.
