SAN DIEGO, Calif. – December 18, 2012 -- Cubic Defense Applications, the defense systems business of Cubic Corporation (NYSE: CUB), has received a new $12.5 million order for its Instrumentable MILES Tactical Vehicle Systems (I-MILES TVS) from the U.S. Army’s Program Executive Office for Simulation, Training and Instrumentation (PEO STRI).
I-MILES TVS employs Cubic’s wireless vehicle Multiple Integrated Laser Engagement System (MILES) technology to provide the real-time casualty assessment necessary for MILES tactical engagement training in direct-fire, force-on-force instrumented training scenarios. The system offers superior performance because of its weapon simulation and casualty assessment accuracy for vehicles and fixed structures. It adapts to any wheeled or tracked tactical vehicle and is also configurable for buildings, fixed equipment and other structures. The system includes new features that significantly improve ease of use for soldiers, including touch-screen displays with highly intuitive graphic interfaces.
In related news, Cubic just completed its first shipments of I-MILES TVS to the U.S. Army. Cubic delivered more than 1,000 kits to U.S. Army installations in November, with the U.S. Army Joint Readiness Training Center at Fort Polk, Louisiana, and the National Training Center at Fort Irwin, Calif., receiving most of Cubic’s production.
The first six tactical vehicle systems went to Fort Carson, Colorado, where they will be used to train end users. Cubic is to deliver over 3,000 systems under the first option of its 2010 contract with the U.S. Army’s Program Executive Office for Simulation, Training and Instrumentation (PEO STRI). Cubic will conclude deliveries under the first option in May 2013, then commence work on a second option, which includes the $12.5 million order.
About Cubic Corporation
Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems, cyber technologies, asset tracking solutions, and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services to the U.S. and allied nations. Cubic Transportation Systems is the world’s leading provider of automated fare collection systems and services for public transit authorities. For more information about Cubic, see the company's web site at www.cubic.com.