Cubic Corporation Increases Semiannual Dividend by 33 Percent

   Cubic Corporation (NYSE: CUB) today announced its Board of Directors has declared an increase in its regular semiannual cash dividend on common stock by 33 percent from 9 cents to 12 cents per share.

The 12 cents per share dividend will be paid on March 19, 2012, to stockholders of record on March 9, 2012. Cubic has paid consecutive cash dividends to its stockholders since 1971.

"Cubic's strong operating performance and financial strength has positioned us to increase the dividend without sacrificing our ability to invest in the future growth of our businesses," said Cubic's Chairman, President and CEO, Walter J. Zable.

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 for U.S. and allied military and security forces. 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.

Media Contact: John D. Thomas 858-505-2989 Investor Contact: Diane Dyer 858-505-2907