Cubic Acquires Cyber Security Company

• New Strategic Focus in the Important Cyber Market

(San Diego, CA., June 22, 2010) -- Cubic Defense Applications Inc., the defense systems unit of Cubic Corporation (NYSE: CUB), announced today that it has acquired Safe Harbor Holdings, Inc., a Vienna, Virginia-based supplier of customized hardware and software for cyber solutions.

Safe Harbor provides specialized cyber security and networking infrastructure solutions, including systems design, cross-domain product development and deployment, enterprise network architecture and engineering, access controls, and common cross-domain framework solutions comprised of multilevel controlled interfaces. The firm has approximately 30 cyber security engineers and professionals located in the Northern Virginia area and serving specialized intelligence and defense clients.


"This acquisition launches Cubic's participation in the cyber security market and enhances our network security credentials in the intelligence community," stated Jeff C. Snyder, Vice President of Cyber Solutions for Cubic Defense Applications. "Safe Harbor's innovative solutions, important customer relationships, and outstanding professional staff will form the nucleus of our cyber delivery capability in the Washington, D.C. area."

"We are looking forward to pursuing new business opportunities as part of Cubic," said Ken Bratchie, Safe Harbor President. "Cubic's proven systems integration capabilities and worldwide presence will accelerate the growth of our cross-domain XD products business."

"The Safe Harbor team is excited to become part of the Cubic family," said Keith Filzen, Safe Harbor Chief Technology Officer.

Acquisition of Safe Harbor Holdings is the first step in Cubic's strategic cyber initiative to expand the company's presence in the rapidly growing cyber security market.

Source : Cubic Corporation (NYSE: CUB)