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A Cubic Corp. (NYSE: CUB) subsidiary has won a combat training equipment order from an Asia Pacific customer worth more than $70 million. Cubic Defense Systems will build laser-based simulation tools, vehicle kits, weapon configurations, fire systems and backup equipment for the customer, Cubic said Wednesday. “This contract from a long-term custo...
A Cubic Corp. (NYSE: CUB) subsidiary has won a $10 million contract to help the U.S. Army Reserves train warfighters on how to find targets at a distance. Cubic Defense Systems will provide its Engagement Skills Trainer virtual training tool and simulated weapons to Reserves soldiers using feedback efficiency indicators and three-dimensional targets...
Cubic Corp.’s (NYSE: CUB) board of directors has approved a regular semiannual dividend of 12 cents per share. The dividend payable on Sept. 4 to stockholders of record as of Aug. 20, 2013, the company said Thursday....
Cubic Corp. (NYSE: CUB) has acquired some assets of live fire range facility provider Advanced Interactive Systems as Cubic looks to expand offerings and capitalize on international channels. Cubic closed the buy of AIS’ assets and foreign subsidiaries through a bankruptcy sale, Cubic said Tuesday. Dave Schmitz, Cubic president of defense systems,...
Cubic Corp.’s (NYSE: CUB) defense applications business has won a contract to provide the U.S. Marine Corps with a laser-based simulation system intended to help train marine forces. Cubic Defense Applications will deliver the instrumented-tactical engagement simulation system II that imitates actual combat situations and is slated to replace lega...
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 tests and ev...
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 division if...
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 starte...
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. Prior to joi...
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 death of founder and former...
