Key Developments: Cubic Corp (CUB)

CUB on New York Consolidated

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17 Apr 2015
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Latest Key Developments (Source: Significant Developments)

Cubic Corp's Cubic Global Defense secures contract to support New Zealand defence force
Wednesday, 8 Apr 2015 07:02am EDT 

Cubic Corp:Says Cubic Range Design Solutions (CRDS), business unit of Cubic Global Defense secures contract valued at more than $6 mln to design, supply and install specialist ballistic fit-out package to result in training facility for New Zealand Defence Force.Says as part of new contract, CRDS will provide an integrated ballistic design and fit-out capability to enable a safe and realistic live-fire training environment.Enhancements include urban, maritime and aviation capabilities in facility specifically designed to international safety standards.  Full Article

Cubic secures $2.6 mln contract to support Italian Army Training
Monday, 9 Mar 2015 07:01am EDT 

Cubic Global Defense;:Says it awarded a supplemental contract win from the Italian Ministry of Defense worth more than $2.6 mln to enable heightened realism for Italian Army combat training.Says it will enable greater efficiency and realism for the Italian Army's overall training by integrating main battle tanks, tactical missiles, targets, simulated chemical warfare events and custom terrain, scenarios and tailoring capabilities.Cubic Global Defense, is a business segment of Cubic Corp.  Full Article

Cubic Corp increases semiannual dividend by 12.5 pct
Tuesday, 24 Feb 2015 12:03pm EST 

Cubic Corp:Declared increase in regular semiannual cash dividend on common stock by 12.5 pct from 12 cents to 13.5 cents per share.The 13.5 cents per share dividend will be paid on March 20 to stockholders of record on March 9.  Full Article

Cubic Corp won contract valued at more than $65 million for ground combat training support
Tuesday, 24 Feb 2015 07:03am EST 

Cubic Corp:Announced a contract valued at more than $65 million for two combat training centers (CTCs) from a Middle East Army customer.To manage and support logistics of centers for three years following installation and acceptance of the centers by the customer.  Full Article

Cubic Corporation receives additional $2.9 mln training order to support Romanian Army
Thursday, 19 Feb 2015 07:01am EST 

Cubic Corporation:Receives contract modification valued at more than $2.9 mln for it's Multiple Integrated Laser Engagement System Individual Weapon System (MILES IWS) equipment.Says it continues to provide training technology under an existing Foreign Military Sale (FMS) Romania contract with U.S. Army.  Full Article

Cubic Corp secures $500 mln Defense Threat Reduction Agency Contract to Support Exercise Training
Wednesday, 28 Jan 2015 07:02am EST 

Cubic Corp:Mission Support Services, a business unit of Cubic Corp, was awarded a $500 mln single award Defense Threat Reduction Agency (DTRA) indefinite-delivery/indefinite-quantity contract.Says under the contract, Cubic will provide chemical, biological, radiological, nuclear, and high-yield explosive (CBRNE) exercise, training, capability assessment, and capacity development support services.  Full Article

Cubic Corp gets contract to support Air Force Research Laboratory
Monday, 26 Jan 2015 07:02am EST 

Cubic Corp:Was awarded a contract valued at $9.9 million by the U.S. Air Force to support the Air Force Research Laboratory (AFRL) Human-Centered Intelligence, Surveillance and Reconnaissance Division in the counter Chemical, Biological, Radiological and Nuclear (CBRN) and survivability mission areas.  Full Article

Cubic Corp 's defense applications wins Italian army follow-on option contract for Home Station Training
Tuesday, 6 Jan 2015 07:04am EST 

Cubic corp:Says Cubic Defense Applications, subsidiary said it was awarded follow-on option subcontract, through its strategic partner in Italy, STE S.p.A., worth more than $6.5 mln.To enhance full spectrum training capacity for Italian Army.Says contract provides home station training resource consisting of Multiple Integrated Laser Engagement System (MILES) and Counter Improvised Explosive Devices (CIED) kits to be provided to Italian Army's combat regiments.Says all contract work will be performed in 16 regimental locations throughout Italy.  Full Article

Cubic receives Contract to Support F-35 Air Combat Training
Monday, 5 Jan 2015 07:04am EST 

Cubic Corp:Receives a series of contracts from Lockheed Martin Aeronautics to produce and add enhancements to the Air Combat Training System (ACTS) of the F-35 fighter jet, also known as the Joint Strike Fighter.Unlike the wing-mounted pods used on fourth generation fighters, the F-35 version of the P5 Combat Training System (P5CTS) incorporates an internally mounted subsystem that enables the F-35 to maintain its stealth characteristics while training.Cubic and DRS Technologies, the principal subcontractor, are under a multimillion dollar contract to produce additional JSF P5 systems to support production aircraft.Two enhancements will be made to the system including an upgrade to make the ground subsystem compliant to Microsoft Windows 7 operating system and an upgrade of the encryption capability for the JSF P5 systems.  Full Article

Cubic Corporation's Cubic Applications, Inc awarded a share of $240 million contract to support U.S. Army Capability Integration Center
Tuesday, 23 Dec 2014 12:18pm EST 

Cubic Applications, Inc:Says it was one of three companies awarded firm fixed price, Indefinite Delivery Indefinite Quantity (ID/IQ) Multiple Award Task Order Contract (MATOC) to provide training, education and exercise assistance for the Army Capabilities Integration Center (ARCIC), Training and Doctrine Command.ARCIC IDIQ contract has an estimated completion date of Dec. 18, 2019, with a maximum value of $240 mln for all three ID/IQ awardees.ARCIC work will be performed at Fort Eustis, Virginia; Fort Bliss, Texas and Fort Leavenworth, Kansas.Cubic Applications, Inc. was also awarded first competed ARCIC ID/IQ Task Order to provide mission support services for the ARCIC Brigade Modernization Command (BMC).BMC work will be performed at Fort Bliss, Texas and Fort Eustis, Virginia and will commence on March 1, 2015 with an estimated completion date of Feb. 28, 2018.ARCIC develops concepts and capabilities, evaluates proposed Army modernization solutions and integrates those capabilities across doctrine, organizations, training, material, leadership and education, personnel and facilities (DOTMLPF).BMC conducts integration and evaluations of the network, non-network, and other developmental and emerging capabilities in order to provide DOTMLPF recommendations to the Army.Cubic Applications, Inc is an operating company of Mission Support Services business segment of Cubic Corporation.  Full Article

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