Cubic Wins U.S. Marine Corps MTSS Contract

Successful recompete has potential value of $166 million

(San Diego, May 14, 2008) -- The U.S. Marine Corps has awarded Cubic Applications, Inc., a wholly owned subsidiary of San Diego-based Cubic Corporation (AMEX: CUB), a new and expanded training support contract with a potential value of $166 million over five years. Cubic's employees, teammates, and leadership team continue to focus on the fact that their ultimate customer is the warfighter in the field. This new contract award allows Cubic to continue to deliver training that is both meaningful and relevant to the Marine Corps. To date, Cubic has executed over 6,000 training events over the course of the current contract.


Cubic's new MAGTF Training Systems Support (MTSS) contract has an initial seven-month base of approximately $19 million with multiyear options through May 31, 2013. The contract is a follow-on to an existing five-year Cubic MTSS contract that will expire on May 31, 2008. Cubic has been supporting the Marine Corps operating forces through the original MAGTF Staff Training Program (MSTP) and its successor, the MAGTF Training Systems Support (MTSS) contract, since 1998.

Source : Cubic Corporation (NYSE: CUB)