SOURCE: Cubic Corporation

Cubic Corporation

December 14, 2009 07:00 ET

Cubic to Provide P5 Combat Training System to Egyptian Air Force

SAN DIEGO, CA--(Marketwire - December 14, 2009) - Cubic Defense Applications, Inc., the defense systems business of Cubic Corporation (NYSE: CUB), is supplying its latest-generation air combat training system to the Egyptian Air Force. Cubic and principal subcontractor DRS Technologies, Inc. will provide the new "rangeless" P5 Combat Training System (P5CTS) to Egypt under an $8.5 million contract.

"Cubic installed the Egyptian Air Force's original air combat training system more than 20 years ago. With our long history in Egypt, it is fitting that Egypt will receive the Middle East region's first P5 Combat Training System," said John Naff, Vice President of Business Development for Cubic Defense Applications.

Egypt is Cubic's third international sale involving the P5 system through the 675th Air Armament Squadron at Eglin Air Force Base.

"It is an honor to add the Egyptian Air Force to our growing list of U.S. and international customers for the world's most advanced instrumented combat training system," said Philip J. Fisch, Senior Director of Business Development for Cubic Defense Applications. "Many nations have contacted Cubic about P5, and they are all impressed with the advanced capabilities, security accreditations and interoperability that the P5 system offers."

Planned for delivery in 2011, Egypt's new P5 system will supplement an existing Cubic air combat training system that has been in operation since the early 1990s. Egypt's Abu Suer and Fayid air bases will receive the initial P5 components, including airborne instrumentation pods and debriefing stations, but the goal is to eventually replace the earlier system with the new high-performance P5 technology.

With their new "rangeless" system, Egypt's F-16 pilots will have anywhere, anytime training capability using GPS-enabled airborne instrumentation pods that track and record weapons engagements and can be monitored in real time from a ground station. P5 also includes an advanced debriefing system -- the Individual Combat Aircrew Display System (ICADS™).

Cubic Defense Applications, Inc. is part of Cubic Corporation's defense systems business. Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services. Cubic Transportation Systems is the world's leading provider of automated fare collection systems and services for public transit authorities. For more information about Cubic, see the company's Web site at www.cubic.com.

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