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Cubic Global Defense continues to deliver leading-edge P5 Combat Training Systems to air forces worldwide

SAN DIEGO – August 19, 2015 – Cubic Global Defense (CGD), a business unit of Cubic Corporation (NYSE: CUB), today announced it was awarded a series of contracts from Lockheed Martin Aeronautics to produce and enhance the Air Combat Training System (ACTS) in the F-35 Joint Strike Fighter (JSF).

Cubic will incorporate an internally mounted subsystem of the P5 Combat Training System (P5CTS) that enables the F-35 to maintain its stealth characteristics while training. The P5CTS is designed to provide secure, real-time and post-mission training for air-to-air, air-to-ground and surface-to-air combat missions by displaying live-air picture, recording mission data, and relaying time, space and positioning information between participating aircraft during training sorties.

“We are very proud to continue to team with Lockheed Martin to support the fifth generation community. This latest award demonstrates Cubic’s long history of delivering air combat training solutions to air forces across the globe and assures the F-35 community an integrated and comprehensive secure training environment including previous generations and other F-35 aircraft,” said Bill Toti, president of Cubic Global Defense.

The JSF P5 is an encrypted training system that is interoperable with the P5CTS/Tactical Combat Training System (TCTS) used by the U.S. Air Force, Air National Guard, U.S. Navy, U.S. Marine Corps and many international partners at more than 30 sites worldwide. Under the new Low Rate Initial Production (LRIP) contract, Cubic will produce additional JSF P5 systems. Upon completion of this contract, Cubic will have delivered over 250 JSF P5CTS under the LRIP phase of the program.

As the prime contractor, Cubic is responsible for performance in all areas of systems engineering and for development, integration and installation of the ground instrumentation subsystem. Engineering work for the training systems will be performed in San Diego and Fort Walton Beach, Florida.

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About Cubic Corporation

Cubic Corporation designs, integrates and operates systems, products and services focused in the transportation, defense training and secure communications markets. As the parent company of two major business units, Cubic’s mission is to increase situational awareness and understanding for customers worldwide. Cubic Transportation Systems is a leading integrator of payment and information technology and services to create intelligent travel solutions for transportation authorities and operators. Cubic Global Defense is a leading provider of realistic combat training systems, secure communications and networking and highly specialized support services for military and security forces of the U.S. and allied nations. For more information about Cubic, please visit the company's website at www.cubic.com or on Twitter @CubicCorp.

Media contact:

Laura Chon
Corporate Communications
Cubic Corporation 
PH:  858-505-2181
laura.chon@cubic.com