Cubic Awarded USD 25M Contract for Air Combat Training Equipment

Jan 8, 2014 ASDNews Source : Cubic Corporation

Cubic Defense Systems, a subsidiary of Cubic Corporation (NYSE: CUB) announced today it has been awarded a contract worth $25 million 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.”

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