Cubic Corporation (NYSE:CUB) today announced its Cubic Mission and Performance Solutions (CMPS) business division was awarded a contract worth $7.5 million to develop and flight test prototype software-defined radios (SDR) for the U.S. Army. The contract is part of an effort to develop a next-generation datalink waveform for unmanned aircraft systems (UAS) and manned-unmanned teaming (MUM-T). The SDRs will feature an emerging communications waveform, designed to operate in contested...
Cubic Corporation (NYSE:CUB) announced its Cubic Transportation Systems (CTS) business division was awarded a contract from the San Francisco Municipal Transportation Agency (SFMTA) to deliver a comprehensive, next-generation Customer Information System (CIS) for the San Francisco Municipal Railway (Muni) public transportation network. Cubic will provide upgraded system software, multimedia LCD digital signs at bus shelters and railway platforms, on-board digital sign software, an updated mobile...
Cubic Corporation (NYSE:CUB) today announced PIXIA, which operates within its Cubic Mission and Performance Solutions (CMPS) business division, was awarded a contract from the National Geospatial-Intelligence Agency (NGA) to provide its commercial software for data management and dissemination for use across the agency. This award is the second option year of a five-year indefinite delivery/indefinite quantity (IDIQ) contract, in which PIXIA will continue to deliver a solution for NGA to access,...
Cubic Corporation (NYSE:CUB) today announced its Cubic Transportation Systems (CTS) business division in partnership with the Chicago Transit Authority (CTA), Metra Rail (Metra) and Pace Suburban Bus (Pace) have launched the new Ventra mobile app to serve the greater Chicagoland area. The new and improved Ventra app was designed to meet the evolving needs of regional transit riders, featuring a simplified user interface; integrated trip planner; improved access to Metra mobile tickets; and...
Cubic Corporation (NYSE: CUB) (“Cubic” or the “Company”) today announced that on September 20, 2020, its Board of Directors (the “Board” or “Cubic Board”) approved the adoption of a limited-duration shareholder rights plan (the “Rights Plan”) and declared a distribution of one right (“Right”) for each outstanding share of common stock. The Rights Plan is effective immediately and will expire on September 19, 2021. The record date for the Rights distribution is October 1,...
Cubic Corporation (NYSE:CUB) today announced its Cubic Mission and Performance Solutions (CMPS) business division was awarded a contract to continue delivering support for its P5 Combat Training System (P5CTS) for the United States Air Force (USAF) and a number of international partners currently using the system. The contract will assist the USAF-installed base of close to 1,000 P5CTS Airborne Subsystems (AS) and associated range infrastructure on over 20 USAF bases and training ranges. The...
Cubic Corporation (NYSE: CUB) today announced Nuvotronics, which operates within its Cubic Mission and Performance Solutions (CMPS) business division received certifications from the Defense Microelectronics Activity (DMEA) as a Trusted Source for Post Processing and Package/Assembly services. Nuvotronics is one out of approximately 80 contractors in the U.S. to be certified. Nuvotronics is now a part of the DMEA’s Trusted Access Program Office (TAPO), which provides the Department of Defense...
Cubic Corporation (NYSE:CUB) today announced that Chairman, President and Chief Executive Officer Bradley H. Feldmann and Executive Vice President and Chief Financial Officer Anshooman Aga will present virtually at the RBC Capital Markets Global Industrials Conference on Monday, September 14 at approximately 2:20 p.m. Eastern Daylight Time. The live webcast will be available via the Investor Relations section of Cubic’s website at https://www.cubic.com/investor-relations/events-presentations ....
Cubic Corporation (NYSE: CUB) today announced its Cubic Transportation Systems (CTS) business division and the Los Angeles County Metropolitan Transportation Authority (Metro) enabled the Transit Access Pass (TAP) card on iPhone and Apple Watch, giving travelers a convenient way to safely pay for their journeys by just holding their device near a TAP dial. Cubic and Metro also introduced the TAP mobile app. Metro and 25 participating TAP agencies across Los Angeles County can now offer customers...
Cubic Corporation (NYSE:CUB) today announced its Cubic Transportation Systems (CTS) business division and the Washington Metropolitan Area Transit Authority (WMATA) enabled SmarTrip on the iPhone and Apple Watch, giving transit riders a contactless way to pay for their journeys on trains and buses in Washington D.C., Maryland and Virginia. In addition, Cubic and WMATA have launched their first mobile app for the region – the SmarTrip app. With SmarTrip on the iPhone and Apple Watch, riders can...
Cubic Corporation (NYSE: CUB) today announced its Cubic Mission and Performance Solutions (CMPS) business division successfully completed VMware compatibility testing for its M3X-APP application server and is now listed in the VMware Compatibility Guide. Cubic joins an exclusive group of companies that have successfully demonstrated complete compatibility with the most recent release of VMware vSphere ESXi 7.0. This press release features multimedia. View the full release here:...
Cubic Corporation (NYSE: CUB) today announced that effective immediately the company is consolidating its defense business segments to advance its strategic priorities, drive superior customer value and enhance operational effectiveness. Business Realignment The realignment will combine Cubic Mission Solutions (CMS) with Cubic Global Defense (CGD) to form a new Cubic Mission and Performance Solutions (CMPS) segment. This new segment will continue to deliver technology-driven, market-leading...
Cubic Corporation (NYSE:CUB) announced its Cubic Transportation Systems (CTS) business division was awarded a contract to deliver its TouchPass electronic fare collection-as-a-service offering to MET Transit , the metropolitan transit system for Billings, Montana. Montana is the ninth state in which the TouchPass system will be in operation. MET Transit, which will utilize Cubic’s TouchPass solution as its electronic fare system for its fixed-route and paratransit systems, will join more than...
Cubic Corporation (NYSE:CUB) today announced its Cubic Transportation Systems (CTS) business division recently launched customer contact center services for the Regional Transportation Authority (RTA), the financial and oversight body for Chicago Transit Authority (CTA), Metra and Pace Suburban Bus. Cubic now offers customer trip planning services for RTA out of its Western New York operations center based in Amherst, NY. “With our experience developing and deploying the Ventra system for...
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Cubic Corporation (NYSE:CUB) today announced its Cubic Mission Solutions (CMS) business division was awarded a follow-on, single-award, indefinite-delivery/indefinite-quantity (ID/IQ) contract with a ceiling of $172 million from United States Special Operations Command (USSOCOM) to deliver GATR inflatable satellite communications (SATCOM) terminals and baseband communications equipment in support of special operations forces (SOF) communications requirements. This press release features...
Cubic Corporation (NYSE:CUB) today announced that Chairman, President and Chief Executive Officer Bradley H. Feldmann and Executive Vice President and Chief Financial Officer Anshooman Aga will participate in a fireside chat at the Canaccord Genuity 40th Annual Growth Conference, being held virtually on Wednesday, August 12 at 2:00 p.m. Eastern Time. The live audio webcast will be available via the Investor Relations section of Cubic’s website at...
Cubic Corporation (NYSE: CUB) today announced its financial results for the third fiscal quarter ended June 30, 2020. Third Quarter Fiscal Year 2020 Highlights (all metrics compared to Third Quarter Fiscal Year 2019 unless otherwise noted) Sales of $350.4 million, down 8% Net loss from continuing operations attributable to Cubic of $1.4 million, or $0.04 per share, compared to net income from continuing operations attributable to Cubic of $24.1 million, or $0.77 per share in the third quarter of...
Cubic Corporation (NYSE:CUB) today announced that its Board of Directors approved a regular semiannual dividend of $0.135 per share, payable on September 9, 2020, to shareholders of record on August 31, 2020. Cubic has consistently paid cash dividends to its shareholders since 1971. About Cubic Corporation Cubic is a technology-driven, market-leading provider of integrated solutions that increase situational understanding for transportation, defense C4ISR and training customers worldwide to...
Cubic Corporation (NYSE:CUB) today announced its Cubic Mission Solutions (CMS) business division was awarded a contract worth $38 million to deliver a Joint Aerial Layer Network (JALN) High Capacity Backbone (HCB) prototype for the U.S. Air Force (USAF). The HCB is a critical element of the JALN, designed to maintain network connectivity among joint forces across the aerial layer. Cubic’s offering for USAF will consist of integrated capabilities across its Protected Communications and Command...