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Search Results for: Cubic

November 21 Market Close: GovCon Index Advances, KBR & Leidos Get Upgrades as Cubic Falls on Guidance Miss

Executive Mosaic’s GovCon Index advanced for a third consecutive session Monday on a mix of contributions from large primes and services stocks but a sharp fall by Cubic Corp. (NYSE: CUB) pared the GCI’s gain after the contractor’s guidance missed analysts’ expectations. GovCon Index gainers outnumbered decliners by a 5-to-1 ratio and …

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Cubic FY 2017 Guidance Falls Below Street Outlook, Contractor Expects Defense Order Delay Resolutions

GovCon Index-listed Cubic Corp. (NYSE: CUB) issued earnings and revenue guidance below Wall Street’s consensus outlook for the company’s 2017 fiscal year started Oct. 1 with expectations of delayed orders from the Defense Department to be received over the next 12 months. San Diego-based Cubic said in October the DoD funding delays would impact …

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Paul Gierow, Roark McDonald Take New Leadership Roles at Cubic’s Mission Solutions Division

Cubic Corp. (NYSE: CUB) has promoted Paul Gierow to vice president for technology at the Cubic Mission Solutions division and Roark McDonald to VP and general manager of GATR Technologies, a business within the CMS division. Gierow will be responsible for driving and aligning CMS’ innovation and technology development efforts with the organization’s overall growth strategy,  Cubic said Wednesday. …

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October 13 Market Close: GovCon Index Cuts Losses in PM Trade, Cubic Weighs After 4Q Earnings Caution

Executive Mosaic’s GovCon Index pared much of its losses during afternoon trade Thursday but failed to close in green as Cubic Corp. (NYSE: CUB) tumbled after the company warned full-year earnings and revenue would fall below prior guidance on funding delays from the Defense Department. GovCon Index gainers slightly edged laggers after …

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Former Cubic Exec Bill Toti Named HPE Defense, Homeland Security VP

Bill Toti, former president of the global defense segment at Cubic Corp. (NYSE: CUB), has joined Hewlett Packard Enterprise (NYSE: HPE) as vice president for defense and homeland security, GovCon Wire has learned. He will oversee HPE’s work with the departments of Defense, Homeland Security, Justice  and State in his new position. Toti,  an inductee into …

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Former Army Centcom Chief James Terry Joins Cubic in Defense BD SVP Post, Eric Carr Gets Promotion

Cubic Corp. (NYSE: CUB) has appointed former U.S. Army Central Command leader James Terry to a senior vice president role in the contractor’s global defense business segment and also promoted Eric Carr, formerly vice president and deputy general manager for integrated training services, to the SVP ranks also. Cubic said Monday that Terry, a retired Army lieutenant general, will …

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Cubic Cuts FY 2016 Earnings Outlook, Holds Revenue Guidance as 3Q Results Below Street Consensus

Cubic Corp. (NYSE: CUB) cut its full-year earnings outlook in fiscal third quarter financial results released Wednesday as the defense and transportation contractor expects increases to interest and financing costs on a new credit facility, tax expenses and a partial pension settlement plan in the fourth quarter. San Diego-based Cubic expects adjusted …

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August 1 Market Close: GovCon Index Lifted on Engility, General Dynamics & Cubic Gains

Executive Mosaic’s GovCon Index traded higher Monday in mixed activity for U.S. stocks as Engility Holdings (NYSE: EGL) surged on a second quarter earnings beat with General Dynamics (NYSE: GD) and Cubic Corp. (NYSE: CUB) also as top performers. The GovCon Index added 0.252 points to 82.500 with four of the GCI’s 11 …

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Cubic Awarded $73M Marine Corps Aviation Training Task Order; Dave Buss Comments

Cubic Corp. (NYSE: CUB) global defense business unit has received a five-year, $73 million task order from the U.S. Navy to operate and maintain the aviation training devices and simulators at six U.S. Marine Corps locations. Cubic will also provide simulator and classroom training for Marine Corps pilots and other aircrew under …

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David Buss to Head Cubic’s Defense Segment, Mike Twyman Named Mission Solutions Division Lead

Cubic Corp. (NYSE: CUB) has promoted David Buss to president of the San Diego-based contractor’s global defense segment and Mike Twyman to president of the company’s newly-established mission solutions business division as part of a realignment initiative. The company said Wednesday Buss, a senior vice president in the global defense segment; and …

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