Cubic Awarded $25 Million Contract for Development of Combat Training Centers in Asia-Pacific Region

SAN DIEGO, Sept. 6, 2017 /PRNewswire/ -- Cubic Global Defense, a business division of Cubic Corporation (NYSE: CUB) today announced it received a contract award worth more than $25 million from a customer in the Asia-Pacific region for the delivery of three mobile combat training centers (CTC). Cubic will provide its latest generation laser-based simulation equipment for dismounted soldiers, vehicles and numerous weapon configurations. The contract also includes the implementation of communication system components, after action review capabilities and exercise control system integration.

"This contract award underscores Cubic's position as a leading provider of instrumented combat training centers worldwide," said Dave Buss, president of Cubic Global Defense. "We are committed to delivering the most advanced training systems to ensure our partners and allies have the ability to establish realistic training environments that accurately simulate the complexities of combined arms operations."

Engineering and production for the contract will be performed in San Diego, California. The first deliveries will be executed in 2018 and will continue through 2019.        

About Cubic Corporation

Cubic Corporation designs, integrates and operates systems, products and services focused in the transportation, defense training and secure communications markets. As the parent company of two major business units, Cubic's mission is to increase situational awareness and understanding for customers worldwide. Cubic Transportation Systems is a leading integrator of payment and information technology and services to create intelligent travel solutions for public transit authorities and operators. Cubic Global Defense is a leading provider of realistic combat training systems, secure communications and networking and highly specialized support services for military and security forces of the U.S. and allied nations. For more information about Cubic, please visit the company's website at www.cubic.com or on Twitter @CubicCorp.

SOURCE Cubic Corporation

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