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CUB Cubic Corp

75.00
0.00 (0.00%)
06 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cubic Corp NYSE:CUB NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 75.00 0 01:00:00

Cubic Awarded $35 Million from the British Army for Area Weapons Effects Simulator Systems Training Support

04/05/2017 12:00pm

Business Wire


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Cubic Global Defense continues to support live training at two key UK training bases with state-of-the-art ground combat training systems

Cubic Global Defense (CGD), a business unit of Cubic Corporation (NYSE: CUB), today announced it received a contract award worth more than $35 million to continue supporting the British Army. The three-year contract allows Cubic to deliver services and repair to the Area Weapons Effects Simulator (AWES) at Salisbury Plain Training Area (SPTA) in the United Kingdom and at the British Army Training Unit Suffield (BATUS) in Alberta, Canada.

“Cubic has worked with the British Army for nearly 15 years providing industry-best ground combat training solutions for its warfighters,” said Dave Buss, president of Cubic Global Defense. “Our U.K. customer is very important to us and this award extends the work we have accomplished together to advance the British Ministry of Defence’s training experience and standard.”

AWES allows the British Army to conduct large-scale, force-on-force combat exercises with realistic, but simulated effects of direct fire, artillery, mortar fire, mines and air-delivered munitions as well as nuclear, biological and chemical weapons. AWES also tracks and monitors the actions and positions of more than 1,400 individual soldiers and 250 vehicles using GPS technology. It also records “hits,” “kills” and “misses” of small-arms fire with Cubic’s Multiple Integrated Laser Engagement System (MILES) technology and recreates combat exercises for post-mission analysis.

Cubic developed and installed the AWES system under a contract awarded in 1998. Installation work was completed at the 150-square mile Salisbury Plain training area in late 2002 and the following year at BATUS, a sprawling 1,100-square-mile training area that the British Army leases from the Canadian government for combat exercises.

About Cubic Corporation

Cubic Corporation designs, integrates and operates systems, products and services focused in the transportation, defense training and secure communications markets. 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 live, virtual, constructive and game-based training solutions, special operations and intelligence for the U.S. and allied forces. Cubic Mission Solutions provides networked Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) capabilities for defense, intelligence, security and commercial missions. For more information about Cubic, please visit the company's website at www.cubic.com or on Twitter @CubicCorp.

Cubic CorporationLaura ChonCorporate Communications+ 1 858-505-2181laura.chon@cubic.com

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