Search Results for: Cubic

Cubic to Research Tech, Develop Concepts for Pacific Command Tests

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 …

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Cubic in Talks to Buy Serco’s Transportation Solutions Business

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 …

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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 …

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Dave Schmitz Promoted to Cubic Defense Lead; Brad Feldmann Comments

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. …

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Cubic Promotes CFO William Boyle To CEO, Bradley Feldmann COO

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. Boyle, who also held the executive vice president title, has served as interim president and CEO of the San Diego-based firm since the …

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Cubic Acquires NextBus Inc. for $21M; Steve Shewmaker Comments

Cubic Transportation Systems (NYSE: CUB) has acquired NextBus Inc. from real-time passenger information systems company Webtech Wireless Inc. for a total of $21 million, subject to the terms of the purchase agreement. “As part of the Cubic family, NextBus will have the additional resources and capabilities to expand more rapidly while adding …

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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 …

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Cubic Buys NEK Special Ops Training Business for $52M; Jay Thomas Comments

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. Cubic said the transaction closed Dec. 14 and Jim Balentine, president of Cubic’s mission support services business unit, will oversee the …

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Cubic Defense Applications Appoints Dave Schmitz New COO

Cubic Corp. announced today it has appointed Dave Schmitz to the newly created position of chief operating officer of its defense systems business unit,  Cubic Defense Applications. To read about other recent executive moves at Cubic read our story at GovCon Executive. Schmitz previously served as vice president and general manager of Cobham Sensor …

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Cubic Names William Boyle Interim CEO Following Founder Walter Zable’s Passing

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, a position he …

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