Cubic Corporation (NYSE: CUB) today announced that it was awarded a contract valued at $1.2 million for its Multiple Integrated Laser Engagement System (MILES) Individual Weapon System (IWS), that included an initial capability of MILES Tactical Vehicle Systems (TVS), from the U.S. Army Program Executive Office for Simulation, Training and Instrumentation (PEO STRI). The award is a Foreign Military Sale (FMS) contract to deliver equipment to the Latvian Army in 2015 and includes follow-on logistics support services.
Along with the IWS equipment, MILES TVS equips High Mobility Multipurpose Wheeled Vehicles (HMMWVs) and other tactical vehicles with lasers, sensors and electronics used during force-on-force combat training exercises. MILES TVS uses Cubic’s wireless technology to provide real-time casualty assessment for MILES tactical engagement training in direct-fire instrumented training scenarios.
“This contract reinforces continued FMS interest in our MILES IWS and TVS equipment. With our technology, Latvia is able to train with the U.S. Army and our allies,” said Dave Schmitz, president of Cubic Defense Applications. “This is the first order of TVS equipment and the first major FMS sale of MILES to Latvia since 2008. We are pleased to supply the Army with the latest advancements in our wireless training solutions, including better training fidelity, improved wireless communications and intuitive interfaces.”
Cubic’s MILES IWS is the U.S. Army’s latest generation tactical engagement simulation system in use today. The system offers more effective training by saving time on setup and calibration so soldiers may spend more time on tactics. MILES IWS requires less time to attach a Small Arms Transmitter (SAT) and align a weapon than previous versions, and maintains alignment during an entire exercise. As a result, soldiers have increased confidence in the tactics they practice during training.
Cubic Corporation is the parent company of three major business segments. Cubic Transportation Systems is a leading integrator of payment and information technology and services for intelligent travel solutions. Cubic Defense Systems is a leading provider of realistic combat training systems and secure communications. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services for the U.S. and allied nations. For more information about Cubic, see the company's Web site at www.cubic.com.
Source: Cubic Corporation (NYSE: CUB)
Date: Dec 2, 2014