Cubic Wins Italian Army Follow-on Option Contract for Home Station Training
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SAN DIEGO, Calif. – Cubic Defense Applications, a subsidiary of Cubic Corporation (NYSE: CUB) announced today it was awarded a follow-on option subcontract, through its strategic partner in Italy, STE S.p.A., worth more than $6.5 million to enhance full spectrum training capacity for the Italian Army. The contract provides a home station training resource consisting of Multiple Integrated Laser Engagement System (MILES) and Counter Improvised Explosive Devices (CIED) kits to be provided to the Italian Army's combat regiments.
"This contract is further evidence of the Italian Army's trust and confidence in Cubic's ability to produce effective and efficient training products for their soldiers – solidifying our position as the Italian Army's training system vendor of choice," said Dave Schmitz, president, Cubic Defense Applications. "The training systems provide a capability for the Italian Army to implement and experience realistic training at home station and thereby further enhance their readiness."
Cubic's MILES solutions are crucial for warfighter training because they enable soldiers to rehearse combat skills and learn from their mistakes safely in a battlefield setting. These devices are used during live force-on-force training events, and provide the critical real-time feedback for forces to achieve and sustain mission readiness. MILES delivers superior performance because of its realistic weapon simulation and casualty assessment accuracy for vehicles and fixed structures. Cubic's CIED kits offer realistic detection and reaction training against IED threats. Built with Cubic's extensive technical knowledge and proven functional expertise, the kits consist of wireless and manual tripwires and control devices to simulate an IED threat.
All contract work will be performed in 16 regimental locations throughout Italy.
About Cubic Corporation
Cubic Corporation is the parent company of three major business segments: Transportation Systems, Defense Systems, and Mission Support Services. Cubic Transportation Systems is a leading provider of automated fare collection systems and services for public transit authorities. Cubic Defense Systems is a leading provider of realistic combat training systems and secure communications. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services for the U.S. and allied nations. For more information about Cubic, see the company's Web site at www.cubic.com.
Contact:
Suzanne Hatcher
Director of Corporate Communications
Cubic Corporation
858-505- 2430
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Cubic Corporation, 9333 Balboa Ave, San Diego, CA 92123 United States
