Profile: Cubic Corp (CUB)
24 Mar 2017
Cubic Corporation (Cubic), incorporated on December 13, 1984, designs, integrates and operates systems, products and services that provide situational awareness for its customers in the transportation and defense industries. The Company operates in three business segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense (CGD) and Cubic Global Defense Services (CGD Services). The Company's CTS segment is a systems integrator of payment and information technology and services for travel solutions. The Company's CGD Systems is focused on two primary lines of business: training systems and secure communications (SC) products. The Company's CGD Services segment is a provider of training, operations, intelligence, maintenance, technical and other support services to the United States government and its agencies and allied nations.
Cubic Transportation Systems
The Company's CTS segment delivers integrated systems for transportation and traffic management, delivering tools for travelers to choose the way to travel and pay for their journeys, and enabling transportation authorities and agencies to manage demand across the entire transportation network. It offers fare collection and revenue management devices, software, systems and multiagency, multimodal integration technologies, as well as a suite of operational services that help agencies and operators collect fares and revenue, manage operations, reduce revenue leakage and make transportation more convenient. Through its NextBus and Intelligent Transport Management Solutions (ITMS) businesses, respectively, it also delivers real-time passenger information systems for tracking and predicting vehicle bus arrival times and it is a provider of urban and inter-urban intelligent transportation and enforcement solutions and technology and infrastructure maintenance services to the United Kingdom and other international city, regional and national road and transportation agencies. Through its Urban Insights business, it uses big data and predictive analytics technology and a consulting model to help the transportation industry.
The Company's CTS specializes in the design, development, production, installation, maintenance and operation of automated fare payment, traffic management and enforcement solutions, real-time information systems, and revenue management infrastructure and technologies for transportation agencies. CTS also provides these customers with a suite of business process outsourcing (BPO) services and expertise, such as card and payment media management, central systems and application support, retail network management, customer call centers and financial clearing and settlement support. CTS is a provider of automated fare collection (AFC) systems into a systems integrator and services company focused on the intelligent transportation market.
The Company's CTS also provides these customers with a suite of business process outsourcing (BPO) services, such as card and payment media management, central systems and application support, retail network management, passenger call centers and financial clearing and settlement support. CTS is a provider of automated fare collection (AFC) systems into a systems integrator and services company focused on the intelligent transportation market. As of September 30, 2016, it had installed over 130,000 devices and deployed over 20 regional central systems. As of September 30, 2016, the Company through its NextBus, ITMS and Urban Insights businesses, provided transportation operational management and analytics capabilities and related services to over 150 customers.
Cubic Global Defense Services
The Company's CGD Services segment services complement the systems and solutions. The Company serves clients in actual training and operational environments to help prepare and support forces through the provision of training, exercises, staff augmentation, education, operational, intelligence, technical, and logistical assistance. The scope of mission support that it provides includes training and rehearsals for both small and large scale combat operations; training and preparation of military advisor and training teams; combat and material development; military staff augmentation; information technology and information assurance; logistics and maintenance support for fielded and deployed systems; support to national intelligence and special operations activities; peacekeeping; consequence management; and humanitarian assistance operations throughout the world. It also plans, prepares, executes and documents realistic and focused mission rehearsal exercises (using both live and computer-based exercises) as final preparation of forces prior to deployment. In addition, it provides consultation and advisory services to the governments and militaries of allied nations.
The Company's business base includes integrated live, virtual and constructive training support; distance learning and other professional military education; logistics and maintenance support; weapons effects and analytical modeling; analysis, training, and other support to the national security community, including intelligence and special operations forces; homeland security training and exercises; training and preparation of the United States Army and Marine Corps foreign service advisor teams; and military force modernization. It provides in-country logistics, maintenance, operational and training support to the United States Forces deployed in overseas locations.
The Company's contracts include providing mission support services to all four of the United States Army's major combat training centers (CTCs): Joint Readiness Training Center (JRTC) as prime contractor, the National Training Center (NTC) and Mission Command Training Program (MCTP) as a principal subcontractor and the Joint Multinational Readiness Center (JMRC) as prime contractor supporting constructive simulations. These services include planning, executing and documenting realistic and stressful large scale exercises and mission rehearsals. It also provides contractor maintenance and instructional support necessary to operate and maintain various flight simulation and training systems and other facilities throughout the world for the United States and allied forces under multiple long-term contracts, including direct support to the United States Marine Corps (USMC) aircrew training systems, instructional support services for the Chief of Naval Aviation Training (CNAT) program and support to the Navy helicopter simulator maintenance program. In addition, it provides a range of operational support to the United States Navy for Anti-Submarine Warfare (ASW) and counter-mine operations and training.
The Company provides support to help plan, manage and execute Defense Threat Reduction Agency's (DTRA) consequence management exercise program, which trains senior United States and allied civilian and military personnel, first responders and other users of DTRA products. Additionally it supports DTRA with technology-based engineering and other services. It also supports DTRA with modeling and simulations to analyze, assess and predict the effects of such weapons in combat and other environments. It provides Research, Development and Technical Engineering (RDTE) support to the United States Air Force Research Laboratories (AFRL) for assistance in the identification and application of new and emerging technologies leading to proof-of-principle evaluations of operational concepts. The Company has multiple contracts with the United States Armed Services and other government agencies. Its services, products and capabilities include development and deployment of curriculum and related courseware, computer-based training, knowledge management and distribution, distance learning (e-learning), serious military games for training and other education programs for the United States and allied forces.
Cubic Global Defense Systems
As of September 30, 2016, the Company's CGD System segment's business line included training systems, which were supplied to the Department of Defense (DoD) and 34 allied nations. Training systems provided by CGD Systems include customized military range instrumentation systems, live-fire range design and maintenance, laser-based training systems, virtual simulation systems, and game-based synthetic training environments. The second line of business, SC, includes Intelligence, Surveillance and Reconnaissance (ISR) data links, satellite ground terminals, modular networking and broadband communications equipment, power amplifiers, avionics systems, and cross domain products to solve data access challenges across multi-level security designations. As of September 30, 2016, CGD Systems consisted of approximately 20 nations on four continents.
The Company's training systems business offers design and manufacture of instrumented training systems and products for the United States military and the militaries of allied nations. It designs and manufactures air, ground and surface systems. They are implemented in both live and synthetic training environments, and are used to deliver a range of training objectives, such as training for fighter pilots, ground troops, infantry, armored vehicles, ship operation and maintenance personnel, cyber warriors, and special operations forces. These systems deliver stressful scenarios and weapons' effects, collect event and tactical performance data, record simulated engagements and tactical actions, and deliver after actions reviews to evaluate individual and collective training effectiveness. Its training business portfolio is organized into air combat, ground combat, virtual training and game-based learning systems.
The Company in air combat develops and supplies Air Combat Maneuvering Instrumentation (ACMI), which provides live training to fighter pilots of the United States military and allies throughout the world. The P5 ACMI, provides air combat training to the United States Air Force, Navy and Marine Corps. As of September 30, 2016, its ground combat training systems operated at over 25 combat training centers (CTCs) throughout the world. Its laser-based tactical engagement simulation systems, known as the Multiple Integrated Laser Engagement Systems (MILES), are used at CTCs to enable realistic training without live ammunition. Cubic MILES are being utilized by all branches of the United States Armed Services, as well as the Department of Energy, and numerous international government customers. The Company's secure communications products business supplies secure data links, networking and baseband communications equipment, search and rescue avionics, high power radio frequency (RF) amplifiers, cyber security appliances for the United States military, government agencies, and allied nations. Its GATR is a manufacturer of next-generation deployable satellite communication terminal solutions, based in Huntsville, Alabama.
The Company's TeraLogics, a business based in Ashburn, Virginia, is a provider of real-time full motion video processing, exploitation and dissemination for the DoD, the intelligence community and commercial customers. Its DTECH is a provider of modular networking and baseband communications equipment that adds networking to its secure communications business. Its data links portfolio supplies ISR data links to the United States and international forces and focused on the supply of Common Data Link (CDL) products for ship borne applications, unmanned aerial vehicles (UAV), remote video terminals and hand-held products. Its Personnel Locator System (PLS) is standard equipment on the United States aircraft with a search and rescue mission. PLS is designed to interface with all modern search and rescue system standards. These include systems used by the Canadian Coast Guard, the United States. Navy, the United States Air Force and the French Army. It also supplies amplifiers and direction finding systems to prime contractors and end users for both domestic and international applications. It also offers service in areas, including specialized security and networking infrastructure, system certification and accreditation, and enterprise-level network architecture and engineering services. It also provides cross-domain hardware solutions to address multi-level security challenges across common networks.
The Company competes with Thales, Xerox, Kapsch, Accenture, IBM, Indra, Init, Siemens, Transcore, Trapeze, Parkeon, Scheidt & Bachmann, Lockheed Martin, Northrop Grumman, General Dynamics, Boeing, L3 Communications, Saab Training Systems, SAIC, Leidos, Booz Allen Hamilton and Engility.
9333 BALBOA AVE
SAN DIEGO CA 92123
Company Web Links
- BRIEF-Cubic unit receives $20 mln award
- BRIEF-Cubic awarded $42 mln contract to continue mission support services at U.S. Army's joint readiness training center
- BRIEF-Cubic Corp announces semiannual dividend of $0.135 cents/share
- BRIEF-Cubic Q1 loss per share $0.11
- BRIEF-Cubic Q4 loss per share $0.29