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.”
Shooting Range Market - Forecast to 2020
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.
Your company’s press release on ASDNews and to thousands of other journalists and editors? Use our ASDWire press release distribution service.
Source : Cubic Corporation (NYSE: CUB)
Dec 1 - 2, 2015 - Sevilla, Spain