SOURCE: Cubic Corporation

Cubic Corporation

October 25, 2010 07:00 ET

Cubic and Vitrociset Win Combat Training Center Program in Italy

U.S. and Rome-Based Defense Contractors to Deliver Most Modern CTC in Europe

SAN DIEGO, CA--(Marketwire - October 25, 2010) -  Cubic Corporation (NYSE: CUB) and Vitrociset S.p.A., a defense, space and electronics company headquartered in Rome, have been awarded a five-year contract by the Italian Ministry of Defense for combat training. This program will provide the Italian Army the most advanced instrumented combat training center in Europe with live and constructive simulation capabilities at five different sites, and includes urban warfare training instrumentation. The program is expected to generate more than $50 million in revenues over the contract performance period.

Cubic and Vitrociset will provide and integrate fully instrumented man-worn and vehicle Multiple Integrated Laser Engagement System (MILES) kits to enhance the training of Italian forces in realistic operational settings. It includes urban training, specialized weapons effects, and a constructive simulation element to refine leader command, control, and operational decision making.

"Not only is the Italian CTC a significant contract in terms of its size and scope, but it also represent our first major sale in Italy and first ground combat win in Western Europe in many years," said Bradley H. Feldmann, President, Cubic Defense Applications. "We are grateful that Cubic was chosen for this program, and look forward to working with Vitrociset to deliver a training capability that exceeds the expectations of the Italian Ministry of Defense."

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, cyber technologies, asset tracking solutions, 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

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