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Cubic awarded $25 million contract for air combat training equipment

Cubic Defense Systems, a subsidiary of San Diego-based Cubic Corp. (NYSE: CUB) has been awarded a $25 million contract from the U.S. Air Force for its P5 Combat Training System (P5CTS) to meet international requirements, including delivery to several Middle East allies as part of F-15 and F-16 foreign military sales contracts.

"This large contract combines various FMS requirements to provide the lowest possible cost to our customers in a tight budgetary environment," said Dave Schmitz, president of Cubic Defense Systems. "This contract extends the breadth of P5 sales in the Middle East and should yield long-term operations and maintenance opportunities."

Cubic is the prime contractor responsible for performance in all areas of systems engineering, and for development/integration/installation of the ground instrumentation subsystem. DRS is the principal subcontractor responsible for performance in all areas related to the P5CTS airborne instrumentation subsystem.

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Cubic Corp.

Company Website

9333 Balboa Ave.
San Diego, CA 92123

Company Trade Data

Stock Symbol Close
Change
Chg %Chg
Volume
52-Week
High Low
CUB
43.25
  0.24  
+ 0.56%
96,581,000
55.73
39.83

Insider Trade Data

Date Insider Shares Type Value
08/07/2015 Zable, Walter C Jr 66,974 Sell $3,100,242
08/07/2015 Zable, Walter C Jr 66,974 Sell $3,100,242
06/24/2015 Zable, Walter C Jr 134,453 Sell $6,658,951
06/24/2015 Zable, Walter C Jr 134,453 Sell $6,658,951
06/24/2015 Zable, Walter C Jr 134,453 Sell $6,658,951

Cubic Corp. Executive(s):

Bradley Feldmann

  • Chief Operating Officer, President

John Thomas

  • Chief Financial Officer, Executive Vice President

James Edwards

  • Senior Vice President, General Counsel

Mark Harrison

  • Senior Vice President, Corporate Controller

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Interview with Bradley Feldmann

July 29, 2015 -- George Chamberlin and Bradley Feldmann, president and CEO of Cubic Corp., talk about the many businesses Cubic is involved in, including defense and transportation.

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2014

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