SOURCE: Cubic Corporation

September 11, 2007 19:13 ET

Cubic Corporation Board of Directors

SAN DIEGO, CA--(Marketwire - September 11, 2007) - Dr. Richard C. Atkinson has announced that he plans to resign as an independent director of the Cubic Corporation Board of Directors to devote more time to his academic and community commitments. His resignation is effective October 1, 2007.

Dr. Atkinson, President Emeritus of the University of California, has served on Cubic's Board of Directors for more than 12 years. He is one of five independent directors on Cubic's nine-member Board. American Stock Exchange standards require that all listed companies have and maintain a majority of independent directors.

As a result of the resignation, Cubic anticipates receiving a warning letter from the exchange that it is not in compliance with the independent majority requirement. Cubic has commenced a search for a qualified individual to fill the independent director vacancy and expects that this vacancy will be filled within a reasonable time.

Cubic Corporation (AMEX: CUB) is the parent of two major segments: transportation and defense. The Cubic Transportation Systems group provides state-of-the-art mass transit solutions used by commuters around the globe. The Cubic Defense Applications group develops and integrates mission critical systems and services for warfighters at home and in the field.

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