Cubic Acquires Training Range, Communications, & Project Management Firm in Canberra
Cubic Defense Australia, the Australian-based defense systems business of Cubic Corporation (NYSE: CUB) recently agreed to acquire PS Management Consultants Pty Ltd (PSMC), an Australian defense firm with strong ties to the training, simulation, communications, and range safety customers headquartered in Canberra, the national capital of Australia. The closing of the transaction is subject to customary closing conditions.
PSMC is a recognized specialist engineering firm with strong project management competencies in training range design, operations, communications, and safety requirements. The company is a certified supplier to the Australian Defense Forces and holds several important contract vehicles that offer Cubic greater access and opportunity to expand its footprint in Australia.
“We have worked with PSMC for many years on important Australian and US programs, “said Mark Horn, General Manager of Cubic Defense Australia. “The addition of PSMC will allow us to better serve our Australian and US customers and enhance our ability to address large upcoming training and simulation requirements, while establishing a presence in the national capital region.”
The PSMC principals and work force will become Cubic Defense Australian employees and stay with the company. Cubic Defense Australia provides a wide range of live and collective training services to the ADF based out of the company’s regional headquarters in Townsville, Australia.
Source : Cubic Corporation (NYSE: CUB)
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