SOURCE: Cubic Corporation

Cubic Corporation

December 22, 2010 07:00 ET

Cubic Completes Acquisition of Abraxas Corporation

SAN DIEGO, CA--(Marketwire - December 22, 2010) - Cubic Corporation (NYSE: CUB) announced that it has completed its acquisition of Abraxas Corporation, a privately held national security and cyber security services provider based in Herndon, Virginia. The all-cash transaction closed and was funded on Monday, December 20.

Abraxas will operate as part of Cubic's Mission Support Services segment.

"Cubic is pleased to have Abraxas Corporation in the Cubic family of companies," said John D. Thomas, Vice President of Finance and Corporate Development for Cubic Corporation. "Abraxas will strengthen and expand Cubic's services to national and cyber security customers."

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 www.cubic.com.

Contact Information

  • Media Contact
    John D. Thomas
    858-505-2989

    Investor Contact
    Diane Dyer
    858-505-2907