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Share Name | Share Symbol | Market | Type |
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Cubic Corp | NYSE:CUB | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 75.00 | 0 | 01:00:00 |
Cubic Global Defense among Warfighter Readiness Research Division Contractor Team selected to research and develop new training methodologies
Cubic Global Defense (CGD), a business unit of Cubic Corporation (NYSE: CUB), today announced it is part of the Warfighter Readiness Research Division Contractor Team awarded a five-year, cost-plus-fixed-fee $200 million contract by the U.S. Air Force Research Laboratory (AFRL) for research and evaluation of warfighter readiness and training. The team, led by L-3 Communications Corporation’s Simulation & Training Division, consists of CGD, Ball Aerospace and Leidos.
Under the contract, CGD and other defense industry experts will develop technology to create wide-spectrum readiness capabilities that are architecture, network and domain agnostic. The team will also create and validate an interoperable, secure training toolset to increase training fidelity; enable comprehensive cross-mission, performance-based debriefs; and reduce training/exercise overhead for the U.S. Air Force.
“We look forward to working with AFRL researchers and our industry partners within the Warfighter Readiness Research Division Contractor Team to find and deliver the knowledge and skills our warfighters need to dominate their operating environment,” said Bill Toti, president of Cubic Global Defense. “As part of our NextTraining strategy, Cubic is focused on raising mission readiness and optimizing human performance for our customers to enable the most effective and efficient training methods.”
Work under this award will be performed at Wright-Patterson Air Force Base, Ohio, and is expected to be complete by January 2023.
About Cubic Corporation
Cubic Corporation designs, integrates and operates systems, products and services focused in the transportation, defense training and secure communications markets. As the parent company of two major business units, Cubic’s mission is to increase situational awareness and understanding for customers worldwide. 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 realistic combat training systems, secure communications and networking and highly specialized support services for military and security forces of the U.S. and allied nations. For more information about Cubic, please visit the company's website at www.cubic.com or on Twitter @CubicCorp.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160509005371/en/
Cubic CorporationLaura Chon, 858-505-2181Corporate Communicationslaura.chon@cubic.com
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