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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 systems for both Lock...
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 subsidiary̵...
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 has held since jo...
Cubic Corp. (NYSE: CUB) has released financial results for its 2011 fiscal year ended Sept. 30, 2011. The company reported record high sales totaling approximately $1.3 billion, an increase of 8 percent over sales of nearly $1.2 billion in 2010. Profit rose 20 percent to $84.8 million, or $3.17 per share, from $70.6 million, or $2.64 per share...
The U.S. Army‘s program executive office for simulation, training and instrumentation has awarded Cubic’s defense systems business segment a contract potentially worth more than $200 million to upgrade the Instrumentable Multiple Integrated Laser Engagement System Individual Weapons System. An initial order of $19 million covers the bas...
Cubic Corp. (NYSE: CUB) has won an $11 million order to provide a virtual small arms training system to the U.S. Army National Guard. The order includes simulated weapons and subtrainers for the Engagement Skills Trainer 2000. The company will also research and develop a design mock-up for 77 Loader’s armored gun shields, which fit in...
Cubic Defense Applications (NYSE: CUB) has won a five-year $49 million indefinite-delivery/indefinite-quantity U.S. Army contract to provide repairs and engineering support for an airborne surveillance and control data link. The data link relays data and communications for Joint STARS, a Northrop Grumman (NYSE: NOC) built battle management, intel...
According to the Department of Defense, “Boeing (NYSE: BA), CAE USA, Inc., CSC (NYSE: CSC), Cubic Worldwide Technical Services, Inc., Engineering Support Personnel, Fidelity Technologies, L-3 (NYSE: LLL), and LB&B Associates, Inc., are each being awarded indefinite-delivery/ indefinite-quantity multiple award contracts for fielded train...
