Cubic Awarded $61 Million Contract to Continue Support of US Army's Joint Readiness Training Center

SAN DIEGO, Nov. 29, 2017 /PRNewswire/ -- Cubic Corporation (NYSE: CUB) today announced that its Cubic Global Defense (CGD) business division was awarded a contract worth more than $61 million from the U.S. Army Contracting Command to support rotational and pre-deployment training exercises at the U.S. Army's Joint Readiness Training Center (JRTC). The awarded amount is for the combined one-year phase-in and base period with four additional option years. Cubic will perform work in Fort Polk, Louisiana with an estimated completion date of November 24, 2022.

Cubic will continue to assist the JRTC with integrating U.S. and allied forces into rotational training exercises through scenarios focused on Decisive Action and theater-specific operational environments. These types of exercises are conducted for units targeted for deployment in support of ongoing military operations overseas and include situational training, live fire, force-on-force and integrated live, virtual and constructive (LVC) training. Cubic also provides expanded Role Play, technical support for combat training instrumentation, battlefield effects, video and cultural role players for added realism.

"We are very pleased with the opportunity to continue our support for the JRTC," said Bill David, vice president and program manager of JRTC, Cubic Global Defense. "Effective training is imperative to ensure the mission readiness of our Army's combat teams and we are very proud of the Army's continued confidence in our longstanding partnership."

"Cubic has assisted the Army with training for its combat teams and soldiers since 2001," said Dave Buss, president of Cubic Global Defense. "We look forward to providing our world-class services to further enhance the training experiences of U.S. and allied forces."

The JRTC is the U.S. Army's premier Combat Training Center, providing advanced collective training for a wide variety of units, including Brigade Combat Teams and Special Forces Operational Detachments. These units include conventional airborne, air assault, light infantry, mechanized infantry and armored units, as well as Special Operations Forces from all service components. Units training at JRTC include active-duty, reserve, and National Guard. Forces from other nations also participate in JRTC rotational training exercises.

About Cubic Corporation

Cubic is a market-leading, technology provider of integrated solutions that increase situational understanding for transportation, defense C4ISR and training customers worldwide to decrease urban congestion and improve the militaries' effectiveness and operational readiness. Cubic Transportation Systems is a leading integrator of payment and information technology and services to create intelligent travel solutions for transportation authorities and operators. Cubic Mission Solutions provides networked Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) capabilities for defense, intelligence, security and commercial missions. Cubic Global Defense is a leading provider of live, virtual, constructive and game-based training solutions, special operations and intelligence for the U.S. and allied forces. 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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