Cubic Signs Agreement with US Special Operations for Intelligence, Surveillance and Reconnaissance R&D

Cubic Corporation (NYSE: CUB) today announced that its Cubic Mission Solutions business division signed a cooperative research and development agreement (CRADA) with Special Operations Forces Acquisition, Technology and Logistics (SOF AT&L) to work on research and development (R&D) for cutting-edge airborne payload technologies for use within the Department of Defense. The effort will primarily be performed by ISR Systems, a wholly owned subsidiary of Cubic Corporation.

“We are pleased to join forces with SOF AT&L to support its mission in developing advanced and innovative technologies in support of global special operations,” said Jerry Madigan, president of ISR Systems, Cubic Mission Solutions. “The CRADA agreement offers a great framework for Cubic’s autonomous systems team to collaborate and to share information.”

Cubic delivers a low risk, robust Unmanned Aircraft System (UAS) ISR platform with a highly expeditionary footprint to satisfy and enhance any ISR mission. Cubic’s ISR-ONE offers a unique blend of high capability and performance, delivered within a Group III UAS platform.