Cubic Wins Major Combat Training Center Equipment Order in Asia Pacific
Cubic Defense Systems, a subsidiary of Cubic Corporation (NYSE: CUB) announced today it has been awarded a contract in excess of $70 million from a customer in the Asia Pacific region for significant quantities of combat training center equipment.
This latest order, from a long-term customer in the region, includes laser-based simulation equipment, vehicle kits, numerous weapon configurations, indirect fire assets, and support equipment. The contract incorporates a number of accessories, communication system components, after action review capabilities, and exercise control upgrades.
The Global Military Simulation and Virtual Training Market 2014-2024
“This contract from a long-term customer reinforces our extensive and growing footprint in the Asia Pacific region,” said Dave Schmitz, president of Cubic Defense Systems. “We are committed to providing the highest levels of customer service and on-time delivery to satisfy this important contract.”
Engineering and production work for the contract will be performed in several locations including the company’s operations in Auckland, NZ, and in San Diego, CA. First deliveries will occur in late 2014 and continue through 2016.
Source : Cubic Corporation (NYSE: CUB)