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Posts Tagged ‘Cubic’

Cubic Completes Divestiture of Cubic Global Defense Services to Valiant Integrated Services

Sunday, June 3rd, 2018

SAN DIEGO – June 1, 2018 – Cubic Corporation (NYSE: CUB) today announced the successful closing of its divestiture of the Cubic Global Defense (CGD) Services business to Valiant Integrated Services. Cubic received approximately $135 million cash at closing on a debt free, cash free basis, plus $3 million of contingent consideration tied to certain contract wins expected over the next 12 to 24 months.

“The close of our CGD Services business divestiture to Valiant is an important step for Cubic as we work to ensure we are best positioned to drive sustainable long-term value for our customers, employees and shareholders,” said Bradley H. Feldmann, chairman, president and chief executive officer of Cubic Corporation. “As we continue to reshape and strengthen our portfolio of businesses, we will focus on building market-leading positions where we can leverage our technological and thought leadership to provide innovation-driven solutions to our customers’ advantage.”

CGD Services is a non-Original Equipment Manufacturer (OEM) providing training, operations, intelligence, maintenance, technical and other support services to the U.S. government, its agencies and allied nations. CGD Services business had fiscal year 2017 revenue of $378 million and is comprised of approximately 3,500 employees working in 10 countries throughout the world.

Cubic Introduces the Enhanced DTECH M3X Line of Ultra-Portable Networking Modules at SOFIC 2018

Thursday, May 24th, 2018

Cubic Mission Solutions’ M3X offers powerful networking capability in the most compact, full-featured, scalable package on the market

SAN DIEGO – May 22, 2018 – Cubic Corporation (NYSE: CUB) today announced that its Cubic Mission Solutions (CMS) business division launched the new and improved M3X networking modules from its DTECH product line at the Special Operations Forces Industry Conference (SOFIC) in Tampa, Florida. With the industry’s lowest size, weight and power (SWaP), the M3X product family allows users to operate in austere environments with ruggedized modules consisting of a network switch, router, application server and smart battery power system.

“We are very pleased to unveil the latest enhancements to our recently launched M3X product family at SOFIC this year,” said Michael Barthlow, vice president of secure networking, Cubic Mission Solutions. “Truly a game-changer in the industry, the M3X redefines modularity and represents a new operational capability and configuration system for warfighters and communications professionals, ready to be deployed for any mission, anytime, anywhere.”

The M3X features a raised angle connector (RAC) that allows the modules to interconnect seamlessly without the use of an external Ethernet or external power cable. With an interlocking rail system, the M3X modules easily snap together both vertically and horizontally, allowing unlimited configurations for both tactical command posts and executive travel. Its reduced SWaP is compact and portable enough to be transported within a small messenger bag or backpack. In addition, the M3X offers a scalable and intelligent power system through modules that can be inserted anywhere in the stack, providing user critical feedback on battery and alternating current (AC) power status.

The M3X will be showcased at Cubic’s booth #1135 on the exhibit show floor at the Tampa Convention Center. For more information on the M3X, visit www.cubic.com/m3x.