Cubic Awarded USD 25M Contract for Air Combat Training Equipment
Cubic Defense Systems, a subsidiary of Cubic Corporation (NYSE: CUB) announced today it has been awarded a contract worth $25 million from the U.S. Air Force for its P5 Combat Training System (P5CTS) to meet international requirements, including delivery to several Middle East allies as part of F-15 and F-16 foreign military sales contracts.
“This large contract combines various FMS requirements to provide the lowest possible cost to our customers in a tight budgetary environment,” said Dave Schmitz, president of Cubic Defense Systems. “This contract extends the breadth of P5 sales in the Middle East and should yield long-term operations and maintenance opportunities.”
Global Military Simulation and Virtual Training Market 2014-2018
Cubic is the prime contractor responsible for performance in all areas of systems engineering, and for development/integration/installation of the ground instrumentation subsystem. DRS is the principal subcontractor responsible for performance in all areas related to the P5CTS airborne instrumentation subsystem.
Source : Cubic Corporation (NYSE: CUB)