Cubic Expands India Operations to Support Growth in International Markets

SAN DIEGO, Jan. 9, 2018 /PRNewswire/ --Cubic Corporation (NYSE:CUB) today announced that its Cubic Transportation Systems (CTS) business division is expanding its Hyderabad, India operations into a larger facility to support the company's growth resulting from its recent major fare payment system contract awards in New York and Boston. In the next year, the company expects to double the current headcount at its India operations to support the company's strategic business growth objectives.

"Asia-Pacific region continues to be a market of opportunity across our three business divisions at Cubic," said Bradley H. Feldmann, president and chief executive officer, Cubic Corporation. "We are thrilled to expand our regional footprint in India with this new expanded facility, as it will not only support CTS' engineering needs from the recent awards, but also our objective to strengthen business opportunities in this region."

"Our India operations exemplify Cubic's global strength as we continue to grow, having recently won two of the industry's largest fare payment system contracts in New York and Boston," said Matthew Cole, president, Cubic Transportation Systems. "This expansion supports the growth in resources we are focused on for our major engineering centers in the United States, the United Kingdom and Australia." 

As the world's largest provider and integrator of transportation-related payment and information systems and services, CTS has projects in metropolitan cities including London, New York, Boston, Chicago, Vancouver, Sydney, Brisbane, San Francisco, Los Angeles, Miami, Atlanta, Sweden, Scotland and Singapore. Established in 2009, CTS India Pvt. Ltd. supports software engineering design, development and testing of various international projects.

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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