SOURCE: Cubic Corporation

September 18, 2008 07:00 ET

U.S. Marine Corps Awards Contract to Cubic for Security Cooperation Education and Training Center (SCETC) Support

Potential Value of $31.7 Million

SAN DIEGO, CA--(Marketwire - September 18, 2008) - The U.S. Marine Corps has awarded Cubic Applications, Inc., a wholly owned subsidiary of San Diego-based Cubic Corporation (NYSE: CUB), a new contract with a potential value of $31.7 million to continue training U.S. advisors to support the training of Iraqi and Afghan security forces.

Cubic's new Security Cooperation and Education Training Center (SCETC) contract for Marine Corps advisor training has an initial four-month base year of approximately $1.5 million, with multiyear options through Dec. 2012. This is a follow-on to an existing two-year modification to Cubic's MAGTF (Marine Air Ground Task Force) Training Systems Support (MTSS) contract, which Cubic also recompeted and won in May 2008.

SCETC is responsible for ensuring that security cooperation teams that deploy to various countries throughout the world receive customized predeployment training. Cubic will provide training support to the Marine Corps Advisor Training Group at MAGTF-Training Command at Twentynine Palms, California, and the Advisor Training Cells located at Camp Pendleton, California, and Camp Lejeune, North Carolina. The focus of training will be on U.S. and foreign weapons, emergency medical training and tactical combat casualty care, convoy operations and vehicle maintenance, communications, and advisor mentoring skills emphasizing self-sufficiency, since these advisor teams will be operating independently of conventional U.S. Marine Corps forces.

Cubic Applications, Inc. is part of the defense segment of Cubic Corporation, 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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