Cubic Corporation Completes Acquisition of Omega Training Group, Inc.
SAN DIEGO, California - July 29, 2008 -- Cubic Corporation (Amex: CUB) is expanding its substantial defense training services business with the acquisition of privately held Omega Training Group, Inc., of Columbus, Georgia.
Located in close proximity to the U.S. Army Infantry Center and School at Fort Benning, Georgia, Omega provides training, testing, analysis, logistics and staffing services. The company plays a key role in training U.S. Army Soldiers at Fort Benning, Georgia; Fort Bliss and Fort Hood, Texas; and Fort Jackson, South Carolina. It has been involved with the transformation of the U.S. Army Infantry Center and School at Fort Benning, and Omega instructors also teach the U.S. Army’s Reconnaissance and Surveillance Leaders Course there.
Omega will do business under its own name as part of Cubic's Mission Support Business Unit. Omega employs 790 persons worldwide.
"Omega has earned a reputation for excellence, particularly with the U.S. Army Infantry training," said Jim Balentine, president of the Mission Support Business Unit. "The majority of Omega's employees are either retired military or veterans, and Cubic and Omega employees share similar values, including a strong dedication to our customers. We believe that this acquisition will enhance the visibility of Cubic with Omega's customers."
Glenn Marsh, a retired U.S. Army Lieutenant General, will serve as Omega's Vice President and General Manager. Ray Kauffman and Roger Hewitt, founders of Omega Training Group, Inc., will remain with the company.
About Cubic
Cubic Corporation (Amex: CUB) occupies leadership positions in two technology-driven businesses: defense and transportation. Cubic is an innovative supplier of defense products, systems and services to U.S. and allied governments in more than 50 nations. It also is an important intermodal and regional electronic fare systems and services company in more than 40 major markets. Cubic employs more than 6,000 employees worldwide. For information about Cubic, go to www.cubic.com.
Cubic's Mission Support Business Unit is a leading supplier of mission support and logistics services to the U.S. military. Cubic is the prime contractor for mission support services at the U.S. Army's Joint Readiness Training Center at Fort Polk, Louisiana, providing live and computer-based simulation training services, including exercise control, scenario development, role players and battlefield special effects. Cubic also holds significant Army training and simulation contracts at Fort Irwin, California; Fort Leavenworth, Kansas; Fort Lewis, Washington; and other locations. Cubic is the prime contractor for the Marine Air Ground Task Force (MAGTF) Training Systems Support, a key training services contract for the U.S. Marine Corps; and supports the other U.S. armed services and Joint Forces worldwide.
About Omega Training Group, Inc.
Founded in 1990, Omega Training Group provides analysis, training development, Interactive Multimedia Instruction (IMI), and integrated logistics support for soldier-oriented programs. Omega provides services to Department of Defense agencies, the defense industry, and commercial clients, and leverages technology and a broad range of knowledge and experience to identify, analyze, and meet customer requirements. It holds two major Base Support Contracts within the continental United States, augmenting staff for mobilization, deployment and demobilization. In 2005, the American Legion recognized Omega as the Best Veteran Employer for companies in the United States with more than 200 employees.
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