About Cubic Corporation
Cubic Corporation is the parent company of three major business segments. Cubic Transportation Systems is a leading integrator of payment and information technology and services for intelligent travel solutions. 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.
About DRS Technologies
DRS Technologies, Inc. is a leading supplier of integrated products, services and support to military forces, intelligence agencies and prime contractors worldwide and is the 2013 recipient of the Defense Security Service Award for Excellence in Counterintelligence as well as three James S. Cogswell Awards for Outstanding Industrial Security Achievement. The company is a wholly owned subsidiary of Finmeccanica SpA (FNC.MI), which employs approximately 70,000 people worldwide. Within DRS Technologies, DRS Training and Control Systems, headquartered in Fort Walton Beach, Fla., fields and supports aircraft test and air combat training systems worldwide. The unit also produces complex electronic control systems used in shipboard, ground and air weapon systems, to include aerial delivery and cargo handling systems. For more information about DRS Technologies, please visit the company’s website at http://www.drs.com.
SAN DIEGO, Calif. – April 11, 2014 – Cubic Defense Systems, a subsidiary of Cubic Corporation (NYSE: CUB) announced today it has been awarded a contract valued at more than $5 million from the U.S. Air Force to supply its P5 Combat Training System (P5CTS) to the Moroccan Air Force. Morocco will join the United States Air Force, Navy, and Marine Corps, along with a number of international air forces, in using the P5CTS to support high-fidelity, TOPGUN-style live and post-mission training. The P5CTS will be used by Moroccan pilots who fly the recently-delivered F-16 aircraft.
“This contract is a demonstration of our commitment to the air combat readiness of one of the United States’ allies,” said Dave Schmitz, president of Cubic Defense Systems. “Cubic is dedicated to provide and develop best-in-class, cost effective, advanced flight training for pilot mission readiness. All foreign air forces that fly fighter or attack jets or conduct joint exercises and training with the U.S. should have a P5 system to maximize their training capabilities.”
Cubic is the prime contractor responsible for performance in all areas of systems engineering, and for development/integration/installation of the ground instrumentation subsystem. DRS Training & Control Systems, LLC, a subsidiary of DRS Technologies, Inc. is the principal subcontractor responsible for performance of the P5CTS airborne instrumentation subsystem to include design, development, aircraft integration and production.