About Cubic Corporation
Cubic Corporation is the parent company of three major business segments: Transportation Systems, Defense Systems, and Mission Support Services. Cubic Transportation Systems is a leading provider of automated fare collection systems and services for public transit authorities. Cubic Defense Systems is a leading provider of realistic combat training systems and secure communications. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services for the U.S. and allied nations. For more information about Cubic, see the company's Web site at www.cubic.com.
SAN DIEGO, Calif. – June 27, 2014 – Cubic Defense Systems, a Business Segment of Cubic Corporation (NYSE: CUB) announced today it was awarded a new contract valued at more than $12 million to provide specialist Home Station Counter IED training and an Instrumented Collective Combat Training Centre with follow on maintenance to increase full spectrum training capacity for the Italian Army.
The contract provides a home station training resource at 16 locations across Italy as well as a regional training center to enhance the Combat Training Centers (CTC) already in place.
“This contract is significant because it confirms the Italian Army’s trust and confidence in Cubic’s ability to produce effective and efficient training products for their soldiers – making us the Italian Army’s training system vendor of choice,” said Dave Schmitz, president, Cubic Defense Systems. “The training systems provide an immersive, safe environment to prepare men and women for combat, and the upgrades extend capability and service life of the Italian Army’s original investment in the program.”