Cubic Corporation (NYSE: CUB) announced today that it has signed a prime contract with a major Middle East customer to provide comprehensive marksmanship and small arms training capabilities.
Worth more than $120 million including various options, it is the largest single contract ever awarded to Cubic's Simulation System Division, based in Orlando, Florida.
Under the contract, Cubic will provide immersive training equipment for a variety of weapons at more than 20 sites. The capabilities include a wide range of tactical requirements including sniper, mortar and close air support.
"This contract underscores Cubic's commitment to our security partners in the Middle East region," said Bradley Feldmann, President Cubic Defense Applications, Inc. "Won in the face of intense international competition, it provides a solid multiyear foundation for our virtual training business and reinforces Cubic's role as the leading provider of immersive and marksmanship training equipment."
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