SOURCE: Cubic Corporation

Cubic Corporation

January 18, 2011 07:00 ET

Cubic Receives $26 Million Contract to Supply Components for the Javelin Field Tactical Trainer

ORLANDO, FL--(Marketwire - January 18, 2011) - Cubic Corporation (NYSE: CUB) announced today that its defense systems business has been awarded a $26 million contract for basic skills trainers and student stations for the Javelin Field Tactical Trainer. Cubic will begin delivering the systems in January 2012 under a follow-on contract with the Raytheon-Lockheed Martin Javelin Joint Venture.

"Javelin is the premier man-portable surveillance and anti-armor missile system on the battlefield," said Karen Pickell, program manager for Cubic's Simulation Systems Division in Orlando, which manufactures the systems. "Cubic's Basic Skills Trainer uses realistic scenarios to train our troops in field surveillance, target recognition and acquisition, and fire mission control on the Javelin system."

Basic Skills Trainer components include a classroom trainer and student and instructor stations. Since 2001, Cubic has delivered a total of more than 2,000 of these components to the joint venture. 

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.

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