Cubic Receives $9.5 M Extension to Saudi Arabia Logistics Contract

(San Diego, CA., May 4, 2009) -- Cubic Corporation (NYSE: CUB) has received contracts valued at approximately $9.5 million to continue to operate and maintain the air combat training system used to support F-15 fighter pilot training for the Royal Saudi Air Force. Under a three-year contract extension with the 675th Armament Systems Squadron ARSS/PK at Eglin Air Force Base, Florida, Cubic will continue this Contractor Logistics Support through 2011.

Cubic Defense Applications, Inc., the company's defense systems business, delivered an Air Combat Maneuvering Instrumentation (ACMI) system to three bases in the Kingdom of Saudi Arabia in 2003 -- King Abdulaziz Air Base at Dhahran, King Fahd Air Base at Taif and King Faisal Air Base at Tabuk. Last year, Cubic installed additional instrumentation at King Khalid Air Base at Khamis Mushayt.

Since 2003, Cubic Worldwide Technical Services, Inc. and a Saudi-owned subcontractor have provided onsite support of the training system's ACMI training pods, debriefing systems, ground communications systems and test equipment.

Source : Cubic Corporation (NYSE: CUB)