Cubic Receives $11 M Middle East Training Contract with Long-time Customer
Cubic Corporation (NYSE: CUB) announced today it was awarded a contract valued at more than $11 million to provide air combat training support to a long-time Middle East customer at multiple sites. The prime contract covers operation, maintenance, logistics support, and management of air combat maneuvering systems (ACMI), as well as the training necessary to satisfy the customer’s military operational requirements.
Cubic developed the instrumentation training system used by the customer that has been operational since 2003, and provides the ACMI training pods, debriefing systems, ground communication systems, and test equipment. Up to 60 aircraft can train at once on the “rangeless” system, which includes GPS-based training pods that send and receive training data without the need for fixed infrastructure of communications towers. Another highlight of the system is Cubic’s ICADS(R), or Individual Combat Aircrew Display System, a live monitor and after-flight debriefing tool that provides pilots real-time monitoring and after-action reviews anywhere and anytime using PCs or laptop computers.
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“Cubic is honored that our customer has continued to show faith in our ability to provide world-class systems and training over the years. This contract is a demonstration of our commitment to the air combat readiness of the United States’ allies,” said Dave Schmitz, president of Cubic Defense Systems.
The contract period of performance is for 21 months.
Source : Cubic Corporation (NYSE: CUB) - view original press release