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Tag Archives: cubic

Cubic Buys Live Fire Range Firm Assets, Subsidiaries; Dave Schmitz Comments

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 …

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Cubic Corp. to Provide Marines with Combat Simulators; Dave Schmitz Comments

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 legacy …

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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 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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