Key Developments: Cubic Corp (CUB.N)

CUB.N on New York Stock Exchange

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1 Aug 2013
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Latest Key Developments (Source: Significant Developments)

Cubic Corp's Cubic Defense Systems Receives $125 Million in Orders Pacific Rim
Wednesday, 10 Jul 2013 07:05pm EDT 

Cubic Defense Systems, the defense systems division of Cubic Corp, announced it received several contracts totaling more than $125 million for combat training support requirements in the Asia Pacific region. These contracts range from five to six years duration and are fully funded. The contracts support Cubic's existing regional work force and offer expansion opportunities in collective training, operations and maintenance, and certain program management and range modernization efforts.  Full Article

Cubic Corp's Cubic Defense Applications Acquires Assets And Foreign Subsidiaries of Advanced Interactive Systems
Tuesday, 2 Jul 2013 11:36am EDT 

Cubic Defense Applications, a Defense Systems business unit of Cubic Corp announced it has acquired certain assets and foreign subsidiaries of Advanced Interactive Systems (AIS) through a bankruptcy auction. AIS is a supplier of live fire specialized range facilities, virtual simulation products, and engineering design and project management services for counter-terrorism, law enforcement, and traditional military forces worldwide. AIS's virtual simulation products, PRISim, addresses basic marksmanship, judgmental evaluation and shoot don't shoot technologies that incorporate a wide range of customizable virtual simulation scenarios for use in classrooms or indoor live fire ranges. Additionally, AIS technology includes QuickRange, a customizable and modular solution for live fire and virtual training ranges.  Full Article

Cubic Corp's Defense Systems Business Unit Wins United States Marine Corps Contract for Laser-based Tactical Training System
Friday, 21 Jun 2013 10:45am EDT 

Cubic Corp's defense systems business unit Cubic Defense Applications, announced that it has been awarded an additional delivery order by the United States Marine Corps to provide an advanced Instrumented-Tactical Engagement Simulation System (I-TESS) II. Cubic will provide an immersive training capacity that replicates the stresses and threats of actual combat. The order will replace older generation systems at the Marine Corps base in Quantico, Va.  Full Article

Cubic Corp's Advanced Learning Solutions Business Unit Gets $30 Million United States Navy Contract For Advanced Combat Ship Training
Wednesday, 19 Jun 2013 10:45am EDT 

Cubic Corp announced that its Advanced Learning Solutions Business Unit has received two separate $15 million delivery orders ($30 million total) from Naval Air Warfare Center Training Systems Division (NAWCTSD) to develop instructor-led and instructor facilitated self-paced courseware for ship engineers standing the Engineering Plant Technician (EPT) watch aboard the United States Navy's Littoral Combat Ships.  Full Article

Cubic Corp Says Is In Discussions To Buy The Transport Solutions Business From Serco-Reuters
Friday, 7 Jun 2013 09:07am EDT 

Reuters reported that Cubic Corp said it is in discussions to acquire the transport solutions business from Serco Co and Serco have not entered a final and binding agreement.  Full Article

U.S. Army Awards Cubic Corp $21 Million Foreign Military Sales Training Contract
Monday, 20 May 2013 03:29pm EDT 

Cubic Corp announced that it was awarded a $21 million foreign military sales contract for its Engagement Skills Trainer 2000 (EST 2000) Plus, virtual small arms training system. The U.S. Army's Program Executive Office for Simulation, Training and Instrumentation (PEO STRI) awarded the contract to Cubic in support of a foreign customer. The order includes systems, weapons, and in-country support with a key subcontractor.  Full Article

Cubic Corp Announces Pricing Of Secondary Public Offering By Selling Shareholders
Thursday, 16 May 2013 09:00am EDT 

Cubic Corp announced the pricing of a previously announced secondary underwritten public offering of 2,315,000 shares of its common stock at a price to the public of $45.75 per share. All of such shares were offered by certain shareholders of Cubic, which shareholders are comprised of trusts created by Cubic's founder, Walter J. Zable, who passed away in 2012, and the selling shareholders will receive all of the net proceeds from the offering. The selling shareholders have granted the underwriters an option for 30 days to purchase up to 347,250 additional shares. The offering is expected to close on May 21, 2013, subject to the satisfaction of customary closing conditions. J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC are acting as joint book-running managers of the offering. Raymond James & Associates, Inc., BB&T Capital Markets, a division of BB&T Securities, LLC, Canaccord Genuity Inc., Needham & Company, LLC, RBC Capital Markets, LLC, Imperial Capital, LLC and The Benchmark Company, LLC are acting as co-managers of the offering.  Full Article

Cubic Corp Announces Launch Of Secondary Public Offering By Selling Shareholders
Monday, 13 May 2013 04:01pm EDT 

Cubic Corp announced that it has launched a secondary underwritten public offering of 2,400,000 shares of its common stock pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (SEC). All of such shares will be offered and sold by certain shareholders of Cubic, which shareholders are comprised of trusts created by Cubic`s founder, Walter J. Zable, who passed away in 2012, and the selling shareholders will receive all of the net proceeds from such offering. The selling shareholders intend to grant the underwriters an option for 30 days to purchase up to 360,000 additional shares. Cubic will not sell any shares in the offering. J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC are acting as joint book-running managers of the offering. Raymond James & Associates, Inc., BB&T Capital Markets, a division of BB&T Securities, LLC, Canaccord Genuity Inc., Needham & Company, LLC, RBC Capital Markets, LLC, Imperial Capital, LLC and The Benchmark Company, LLC are acting as co-managers of the offering.  Full Article

Cubic Corp's Cubic Worldwide Technical Services Secures Training and Support Contract from US Navy and Marine Corps Worth $134 Million
Tuesday, 9 Apr 2013 01:07pm EDT 

Cubic Worldwide Technical Services (CWTS), a Mission Support Services subsidiary of Cubic Corp announced that it has been awarded a contract for nearly $134 million for the Base Period and Option Years from the U.S. Naval Air Warfare Center Training Systems Division (NAWCTSD) based in Orlando, Florida. CWTS is a leading provider of instructional support services for the Navy and Marine Corps. Cubic will deliver interactive and immersive academic and simulator instruction for nine different aircraft ranging between basic and advanced flight operation. This Chief of Naval Air Training, Contract Instruction Services (CNATRA CIS) Task Order is issued as part of the Fielded Training Systems Support (FTSS) III indefinite delivery, indefinite quantity contract. The contract is slated to start on April 1, 2013 with a total period of performance of five years. The contract will be performed at five locations including NAS Corpus Christi and NAS Kingsville, Texas; NAS Meridian, Miss.; and NAS Pensacola and NAS Whiting Field, Fla.  Full Article

Cubic Corp Declares Semiannual Dividend
Tuesday, 12 Feb 2013 05:31pm EST 

Cubic Corp announced that the Board of Directors approved a regular semiannual dividend of 12 cents per share, payable on March 11, 2013, to shareholders of record on February 25, 2013.  Full Article

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