Cubic Selected for the Australian Army's Exercise and Advanced Services Standing Offer (EATSSO)

Cubic Global Defense (CGD) , a business of  Cubic Corporation ( NYSE: CUB ) today announced the selection of Cubic Defence Australia as the prime contractor for the Australian Army’s Exercise and Advanced Services Standing Offer (EATSSO). Under the new award, Cubic will support the Australian Army with exercise planning, management and evaluation; the delivery of simulated environmental effects, including both live and constructive support; and the provision of medical training.

“Cubic looks forward to supporting the Australian Army by delivering a broad range of training and simulation services that will complement the ongoing Instrumentation and Communication Programs we currently conduct with the Australian Army,” said Mark Horn, general manager, Cubic Defence Australia . “Cubic has assembled a strong Australian team and is also able to draw on training services capabilities from the Cubic Global Defence business. We will continue to bring significant added value to large scale collective training events by providing a single point of coordinated exercise support in Australia.”  

EATSSO replaces the existing Collective Training Services Standing Offer (CTSSO) that was also supported by Cubic since 2011. EATSSO will operate for an initial period of five years with two further optional extension periods of up to two years.  Cubic’s delivery of EATSSO training services is highly complementary to Cubic’s other Australian capabilities in air and land live simulation and deployable instrumentation systems. Services will be flexible to requirements and will include support to both mission specific and foundation training events.

Source: Cubic Corporation (NYSE: CUB)
Date: Jun 23, 2015