Press Release



	Timothy Collins Joins Cubic to Lead Fare Collection Sales in Midwest and Canada SAN DIEGO, Calif., March 26, 2004 - Timothy Collins has joined Cubic Transportation Systems, Inc., a subsidiary of San Diego-based Cubic Corporation (AMEX:CUB), and the world's leading provider of automated fare collection systems for public transit, to lead the company's sales activities in the U.S. Midwest and central and eastern Canada. In his new role as sales manager for this region, Collins will assume management for existing customer relationships in the greater Chicago area and Illinois, focusing on fare collection system enhancements and commercial services that will expand the reach of these customers' transit operations and the utility of their regional smart card. He will also pursue business opportunities in new markets, including Toronto, Ontario, and surrounding areas. Collins brings more than ten years of executive-level experience managing sales accounts in U.S. and international markets. He also has more than 16 years of experience developing business with national products and services suppliers. Collins has a master of business administration degree from Loyola University in Chicago and received his bachelor of science degree from Bradley University, Peoria, Ill. Cubic Transportation Systems, Inc. is the world's leading turnkey solution provider of automated fare collection systems for public transport including bus, bus rapid transit, light rail, commuter rail, heavy rail, ferry and parking. Cubic's solutions and services include system design, central computer systems, equipment design and manufacturing, device-level software, integration, test, installation, warranty, maintenance, computer hosting services, call centre services, card management and distribution services, financial clearing and settlement, multi-application support and outsourcing services. Every year, nearly 10 billion rides are taken worldwide using Cubic fare collection systems. Cubic has delivered over 400 projects in 40 major markets on five continents. Active projects include London, New York / New Jersey region, Washington, D.C. / Baltimore / Virginia region, Los Angeles region, San Diego region, San Francisco, Minneapolis/St. Paul, Chicago, Houston, Atlanta, South Florida, Vancouver and Edmonton, Canada, Brisbane, Australia, Singapore, Bangkok, Thailand, and Scandinavia. The corporation's other major segment, Cubic Defense Applications, provides realistic combat training systems for military forces as well as simulation, force modernization, educational services, operations & maintenance and manufacturing services. The group also supplies products and systems for C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance & Reconnaissance) applications, search and rescue avionics and radio communications for military and civil markets. For more information about Cubic, see the company's web site at www.cubic.com.

Timothy Collins Joins Cubic to Lead Fare
Collection Sales in Midwest and Canada

SAN DIEGO, Calif., March 26, 2004 - Timothy Collins has joined Cubic Transportation Systems, Inc., a subsidiary of San Diego-based Cubic Corporation (AMEX:CUB), and the world's leading provider of automated fare collection systems for public transit, to lead the company's sales activities in the U.S. Midwest and central and eastern Canada.

In his new role as sales manager for this region, Collins will assume management for existing customer relationships in the greater Chicago area and Illinois, focusing on fare collection system enhancements and commercial services that will expand the reach of these customers' transit operations and the utility of their regional smart card. He will also pursue business opportunities in new markets, including Toronto, Ontario, and surrounding areas.

Collins brings more than ten years of executive-level experience managing sales accounts in U.S. and international markets. He also has more than 16 years of experience developing business with national products and services suppliers.
Collins has a master of business administration degree from Loyola University in Chicago and received his bachelor of science degree from Bradley University, Peoria, Ill.

Cubic Transportation Systems, Inc. is the world's leading turnkey solution provider of automated fare collection systems for public transport including bus, bus rapid transit, light rail, commuter rail, heavy rail, ferry and parking. Cubic's solutions and services include system design, central computer systems, equipment design and manufacturing, device-level software, integration, test, installation, warranty, maintenance, computer hosting services, call centre services, card management and distribution services, financial clearing and settlement, multi-application support and outsourcing services.

Every year, nearly 10 billion rides are taken worldwide using Cubic fare collection systems. Cubic has delivered over 400 projects in 40 major markets on five continents. Active projects include London, New York / New Jersey region, Washington, D.C. / Baltimore / Virginia region, Los Angeles region, San Diego region, San Francisco, Minneapolis/St. Paul, Chicago, Houston, Atlanta, South Florida, Vancouver and Edmonton, Canada, Brisbane, Australia, Singapore, Bangkok, Thailand, and Scandinavia.

The corporation's other major segment, Cubic Defense Applications, provides realistic combat training systems for military forces as well as simulation, force modernization, educational services, operations & maintenance and manufacturing services. The group also supplies products and systems for C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance & Reconnaissance) applications, search and rescue avionics and radio communications for military and civil markets. For more information about Cubic, see the company's web site at www.cubic.com.