SOURCE: Cubic Corporation

Cubic Corporation

October 01, 2009 07:00 ET

Cubic to Provide Small-Arms Trainers to New International Customers

SAN DIEGO, CA--(Marketwire - October 1, 2009) - Cubic Corporation (NYSE: CUB) has been awarded defense contracts totaling more than $5 million to supply combat training systems to the governments of Lebanon and Kyrgyzstan, new international customers for Cubic.

Cubic will sell its EST 2000 Engagement Skills Trainer to both countries under contracts awarded this month by the U.S. Army's Program Executive Office for Simulation, Training and Instrumentation (PEO STRI).

Manufactured by Cubic's Simulation Systems Division in Orlando, the state-of-the-art systems use digital video projectors, high-definition screens, game-based computer graphics and simulated weapons to create realistic, ballistically accurate "virtual" combat scenarios. They are used to teach and maintain marksmanship skills, team and squad training, and provide "shoot/don't shoot" training for soldiers and police officers.

Lebanon has purchased five 10-lane EST 2000s that will be used by the conventional and Special Operations Forces of the Lebanese Army at five locations throughout the country.

"This will enhance their ability to train their armed forces to provide security to the entire country," said John Naff, Vice President for Cubic Defense Applications.

The EST 2000 systems are scheduled for installation in the first part of 2010, Naff said. Cubic will train the Lebanese Armed Forces to operate and maintain the systems, with Cubic providing logistics and technical support.

Cubic also will develop, equip and support four of its small-arms virtual trainers in the Kyrgyz Republic. Cubic will install the systems in existing facilities on military bases in the country.

Cubic Corporation's defense segment is a world leader in realistic combat training systems, mission support services and defense electronics. The corporation's other major segment, Cubic Transportation Systems, designs and manufactures automatic fare collection systems for public mass transit authorities. For more information about Cubic, see the company's website at www.cubic.com.

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