Cubic Wins $18.3 Million Contract for F-35 Low Rate Initial Production

Cubic Defense Systems, a subsidiary of Cubic Corporation (NYSE: CUB) announced today it was awarded a $18.3 million contract from Lockheed Martin Aeronautics to design and integrate its latest-generation air combat training system for the F-35 Lightning II, also known as the Joint Strike Fighter (JSF).

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Our tradition of innovation continues as we deliver a solution that leverages our customers’ prior investments and continues to advance the effectiveness of training events.

San Diego, Calif. (PRWEB) January 14, 2014

Cubic Defense Systems, a subsidiary of Cubic Corporation (NYSE: CUB) announced today it was awarded a $18.3 million contract from Lockheed Martin Aeronautics to design and integrate its latest-generation air combat training system for the F-35 Lightning II, also known as the Joint Strike Fighter (JSF).

Cubic is scheduled to deliver airborne instrumentation and ground station planning and debrief software systems as part of F-35 System Development. Cubic’s air combat training system will be deployed to several countries receiving the F-35 jets including the United States, United Kingdom, Italy, Australia, and Norway.

“The F-35 Training Subsystem will be embedded and integrated in the aircraft as they roll off Lockheed Martin’s production line,” said Dave Schmitz, president of Cubic Defense Systems. “Our tradition of innovation continues as we deliver a solution that leverages our customers’ prior investments and continues to advance the effectiveness of training events.”

Cubic and its principal subcontractor, DRS Technologies, Inc., will use an embedded P5 solution as the baseline for the F-35 Internal Training Subsystem. Engineering work for the training systems will be performed in San Diego, Calif. The contract is the first delivery of production units that will be deployed with the Block 3 F-35 stealth fighters.

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 http://www.cubic.com.

About DRS Technologies

DRS Technologies is a leading supplier of integrated products, services and support to military forces, intelligence agencies and prime contractors worldwide and is the 2013 recipient of the Defense Security Service Award for Excellence in Counterintelligence as well as three James S. Cogswell Awards for Outstanding Industrial Security Achievement. The company is a wholly owned subsidiary of Finmeccanica SpA, which employs approximately 70,000 people worldwide. Within DRS, the Network and Imaging Systems (NIS) group manufactures and supports advanced electro-optical sensor systems, and develops innovative networking capabilities that integrate these sensors in a broader tactical C4 environment. NIS is based in Dallas, Texas; Melbourne, Fla.; Cypress, Calif.; Huntsville, Ala.; and the UK. For more information about DRS Technologies, please visit the company’s website at http://www.drs.com.


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