San Diego, Calif.-based Cubic Corporation announced its acquisition of GRIDSMART Technologies, Inc. on Wednesday for $87M in cash, subject to customary adjustments. In 2019, GRIDSMART anticipates $25M in sales and $8M of adjusted EBITDA. Cubic expects to finance the acquisition through its existing credit facilities and predicts the transaction will be accretive to cash …

Matthew Pfrommer, who joined Cubic (NYSE: CUB) last year, has been appointed vice president of strategic capabilities at the company’s mission solutions business. He will aim to implement business strategies, establish a CMS innovation center and identify new growth opportunities through technology development efforts in his new role, Cubic said Wednesday. CMS President Mike …

Grace Lee, former senior vice president of global human resources at biotechnology firm Charles River Laboratories (NYSE: CRL), has been appointed chief HR and diversity officer at at Cubic (NYSE: CUB). Her appointment is effective Oct. 29 and she will oversee Cubic’s diversity strategy as well as talent management, diversity strategy and organizational …

TYSONS CORNER, VA, October 24, 2018 — Cubic (NYSE: CUB) Chairman, President and CEO Bradley Feldmann will join the National Association of Corporate Directors fellowship program as a board leadership fellow, ExecutiveBiz reported Tuesday. The company said Monday NACD fellows are part of an annual program of study aimed to generate …

TYSONS CORNER, VA, October 1, 2018 — A Cubic (NYSE: CUB) business unit will work with Microsoft (Nasdaq: MSFT) to update the smart card-based fare payment technology serving the San Francisco Bay Area under a $394M contract from the region’s transportation agency, ExecutiveBiz reported Friday. Cubic Transportation Systems said Thursday it will …

TYSONS CORNER, VA, September 26, 2018 — A Cubic (NYSE: CUB) business unit has secured a contract from Lockheed Martin (NYSE: LMT) to provide air combat training technology for the latter’s F-35 Lightning II Lots 12 to 14 aircraft, ExecutiveBiz reported Thursday. Cubic Global Defense will supply an estimated 500 F-35 …

TYSONS CORNER, VA, September 13, 2018 — Cubic (NYSE: CUB) will deliver inflatable satellite communications and networking systems to the U.S. Army in support of expeditionary operations via orders worth more than $55M combined, ExecutiveBiz reported Sept. 6. The company said Sept. 6 its mission solutions division will supply the GATR Technologies-manufactured systems and spares …

TYSONS CORNER, VA, September 10, 2018 — Cubic (NYSE: CUB) was set to participate at the Land Forces 2018 exposition in Australia last week with an exhibit of its military training, command, control, communications, computers, intelligence, surveillance and reconnaissance technology, ExecutiveBiz reported Aug. 31. The company said Aug. 30 it aimed to …

Michael Knowles, former vice president and general manager of the air ranges business unit within Cubic’s (NYSE: CUB) global defense segment, has been named corporate senior VP and president of the segment in a move that will take effect Oct. 1. Knowles will succeed Dave Buss, a corporate SVP who will …

TYSONS CORNER, VA, September 4, 2018 — Cubic (NYSE: CUB) has added Prith Banerjee, a senior client partner at consulting firm Korn Ferry with experience in both academia and industry, to its board of directors effective September, ExecutiveBiz reported Friday. The company said Thursday new board member Banerjee brings experience in engineering, research …