SOURCE: Cubic Corporation

Cubic Corporation

November 30, 2010 07:00 ET

Cubic Awarded U.S. Army Training Range Modernization Contract

ORLANDO, FL--(Marketwire - November 30, 2010) - Cubic Defense Applications, the defense systems segment of Cubic Corporation (NYSE: CUB), has been awarded a new indefinite delivery/indefinite quantity contract with the Program Executive Office for Simulation, Training and Instrumentation (PEO STRI) to provide technical solutions for modernizing U.S. Army ranges worldwide. Cubic is one of multiple companies eligible to compete for a total of $400 million in U.S. Army training modernization business under the Common Army Ranges and Target Systems (CARTS) program. 

The ID/IQ term is one base year with four option years. Cubic has the capability to provide hardware, software, planning and design, applications and systems integration, prototyping, logistics, technical support and a multitude of devices, including target representation forms, sound devices, illumination devices, sensors and simulators. Cubic currently provides live ground combat training systems; virtual marksmanship, collective and judgmental trainers; and urban training instrumentation for both military and civilian security forces.

"As the world's foremost training and range instrumentation company, Cubic appreciates this new opportunity to do business with our longtime customer PEO STRI," said Ray Barker, Executive Vice President for Business Development and Strategy. "Cubic understands the Army's requirements, and we are eager to put our experience and ingenuity to work to further improve the training of our troops." 

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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