Cubic Awarded New Maritime Security Contract Covering Ports in Mexico and Colombia

Cubic Applications, Inc., a mission support services subsidiary of Cubic Corporation (NYSE: CUB), has received its fourth contract to provide seaport assessments and security training from the Secretariat of the Inter-American Committee Against Terrorism of the Organization of American States (OAS).

Cubic's new contract covers security services for the Mexican ports of Ensenada, Mazatlan, Puerto Vallarta and Salina Cruz, and the Colombian port of Turbo and is a follow-on to an award received last year for assessments and training in the Mexican ports of Cozumel, Cabo San Lucas, Coatzacoalcos and Manzanillo as well as the Colombian port of Buenaventura.

Cubic will initiate the new work in Mexico and Colombia as it completes an OAS port security training contract in Panama.

"In early 2012, Cubic will be conducting simultaneous OAS maritime security contracts in three different countries," said Peter Miller, Director of Maritime Security Programs for Cubic Applications, Inc. "We are pleased to assist the OAS in helping security teams in these OAS Member States to develop the specific infrastructure, procedures and skills they need for effective port security and customs operations."

Source: Cubic Corporation (NYSE: CUB)
Date: Feb 15, 2012