SOURCE: Cubic Corporation

August 14, 2007 07:00 ET

Gulfport Readiness Training Center to Regain Air Combat Training Capabilities Lost to Hurricane Katrina

Cubic Receives $15.6 Million to Provide New P5 Combat Training System

SAN DIEGO, CA--(Marketwire - August 14, 2007) - Cubic Defense Applications, the defense segment of Cubic Corporation (AMEX: CUB), has received orders worth a total of $15.6 million to provide its P5 Combat Training System (P5CTS) to the Mississippi Air National Guard. P5 is the U.S. military's air combat training system for the U.S. Air Force, Navy, Marine Corps and Air National Guard. The new system will represent a major technological leap over an earlier air combat training instrumentation system at the Gulfport Readiness Training Center that was destroyed by Hurricane Katrina in 2005.

"The Gulfport range lost all capability for live instrumented training," said Steve Queen, program manager for Cubic Defense Applications in charge of the Gulfport project. "This has been a real loss, since the range was widely used to train Air National Guard, Reserve and active-duty Air Force and Navy aircrews from across the country."

Cubic is under contract to deliver the new P5CTS instrumentation components early next year toward a goal of making the system fully operational by February 2008. Cubic and its primary partner for the P5 program, DRS Technologies Inc., will supply GPS-equipped pods and related ground components, including the Individual Combat Aircrew Display System (ICADS™), an advanced system that allows pilots to debrief on laptops or personal computers as well as in a traditional debriefing theater.

P5 is a cooperative program of the Air Armament Center (AAC), based at Eglin AFB, Florida, and the Naval Air Systems Command (NAVAIR) at Patuxent River, Maryland, in which AAC is responsible for the contracting activity for all services. AAC, together with Air Combat Command (ACC), Langley AFB, Virginia, and PMA-205, are responsible for overseeing P5's development and fielding to U.S. Air Force sites.

Cubic Defense Applications (CDA) is one of Cubic Corporation's two major segments. CDA 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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