U.S. Army Awards Cubic $21 Million Foreign Military Sales Training Contract

Cubic Corporation (CUB), announced today it was awarded a $21 million foreign military sales contract for its Engagement Skills Trainer 2000 (EST 2000) Plus, virtual small arms training system. The U.S. Army's Program Executive Office for Simulation, Training and Instrumentation (PEO STRI) awarded the contract to Cubic in support of a foreign customer.

RELATED QUOTES

SymbolPriceChange
CUB48.52

SAN DIEGO, Calif., May 20, 2013 (GLOBE NEWSWIRE) -- via PRWEB - Cubic Corporation (CUB), announced today it was awarded a $21 million foreign military sales contract for its Engagement Skills Trainer 2000 (EST 2000) Plus, virtual small arms training system. The U.S. Army's Program Executive Office for Simulation, Training and Instrumentation (PEO STRI) awarded the contract to Cubic in support of a foreign customer. The order includes systems, weapons, and in-country support with a key subcontractor.

EST 2000, built by the Cubic Simulation Systems division based in Orlando, Florida, uses digital video projectors, high-definition screens, game-based computer graphics and ballistically accurate weapons for marksmanship, collective and escalation of force training.

"This contract emphasizes Cubic's commitment to our allies around the world. We understand the importance of virtual and immersive training systems for mission-specific tasks. Our EST 2000 systems set the highest standard for small arms engagement skills training in the world," said Terry Kohl, Senior Vice President and General Manager of Cubic's Simulations Systems Division.

About Cubic Corporation

Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems, cyber technologies, asset tracking solutions, and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services to the U.S. and allied nations. Cubic Transportation Systems is a leading provider of automated fare collection systems and services for public transit authorities. For more information about Cubic, see the company's web site at http://www.cubic.com.

This article was originally distributed on PRWeb. For the original version including any supplementary images or video, visit http://www.prweb.com/releases/2013/5/prweb10750743.htm

Contact:
Cubic Corporation
Timothy Hill
timothy.hill@cubic.com
858-505-2430
  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.

    Trading Center

    Yahoo! Finance on Facebook

    POLL

    Do you trust the IRS in light of its recent scandals?

    Loading...
    Poll Choice Options