Cubic (NASDAQ: CUB) has won a potential $57 million contract to help the U.S. Army run a South Korea-based facility that conducts simulated tactical exercises for U.S. troops deployed worldwide.The company said Monday its applications business will provide support services at the Korea Battle Simulation Center for six base months and for up to four option years.
Rich Bristow, senior vice president and general manager for Cubic’s operations support and education group, said the business has supported KBSC for more than two decades.
KBSC is built to facilitate manual and computer-assisted battlefield exercises for the United States Forces Korea and the Eighth U.S. Army as well as allies within the Pacific Theater region.
Cubic Applications will run the center in partnership with BAE Systems, Booz Allen Hamilton (NYSE: BAH), Cyber-Tech and Sonalysts.
Work is scheduled to begin in late September and could extend through March 31, 2019 if all options are exercised.
