Cubic Corporation (NYSE: CUB) announced today it has won an additional $4.2 million follow on order with an existing Middle East customer. Cubic currently provides comprehensive marksmanship and small arms training capabilities using the immersive training Engagement Skills Trainer (EST) to this customer. The follow on order will add additional capabilities such as sniper, mortar, and close air support.
The original contract was announced in August 2011, totaling almost $70 million, and was the largest single contract ever awarded to Cubic’s Simulation System Division, based in Orlando, Fla.
"This contract continues a solid multiyear foundation for our virtual training business and demonstrates both Cubic’s excellence in product quality and delivery and Cubic’s long-term commitment to the Middle East region,” said Dave Schmitz, president of Cubic Defense Systems.
The new systems and infrastructure are expected to be delivered and in use by the end of the 2014 calendar year, increasing Cubic’s support to our international partner in improving their operational effectiveness.
Source: Cubic Corporation (NYSE: CUB)
Date: Apr 30, 2014