Cubic Awarded $44 M in Additional Contract Orders for I-MILES IWS by the US Army

Cubic Global Defense (CGD), a business unit of Cubic Corporation ( NYSE: CUB ), today announced it was awarded contracts valued at $44 million for its Instrumentable-Multiple Integrated Laser Engagement System Individual Weapon Systems (I-MILES IWS) from the U.S. Army’s Program Executive Office for Simulation, Training and Instrumentation (PEO STRI). I-MILES IWS is critical to the quality of home-station training as it offers heightened realism during exercise scenarios.

I-MILES IWS uses laser transmitters attached to military weapons and body sensors to detect hits and perform real-time casualty assessments to replicate combat and record data for later review. The user-friendly system features small, lightweight components for individual soldiers and requires less time to attach the Small Arms Transmitters and align to the weapon than previous versions. It also maintains alignment during an entire exercise.

“We are pleased to be able to provide ongoing support to the U.S. Army’s PEO STRI to help ensure readiness now and for the unknown next mission,” said Bill Toti, president of Cubic Global Defense. “Cubic’s I-MILES IWS enables increased confidence in the tactics practiced during training as it allows soldiers to train as they fight and do so more efficiently and effectively.”

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Cubic’s I-MILES IWS advanced technology is flexible, upgradeable and interoperable. It’s delivered with the option to add range instrumentation solutions to support recording and playback of exercise results and maneuvers.

Source: Cubic Corporation (NYSE: CUB)
Date: Feb 22, 2016