http://www.cubic.com RSS feeds for Cubic Corporation 60 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=836&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/836/Cubic-Welcomes-Congressman-Mike-Turner-to-Celebrate-the-Opening-of-New-Dayton-Office-Location BEAVERCREEK, Ohio – June 17, 2013. Cubic Defense Applications (CDA), a defense systems business of Cubic Corporation  (NYSE: CUB) commemorated the opening of their new Dayton, Ohio location near Wright Patterson Air Force Base (WPAFB) last night, with a visit by the Honorable Michael Turner.  John Jannazo, senior director, United States Air Force Programs at Cubic, introduced the Congressman (R-District 10) to Cubic’s global operations, local strategic partnerships and future operating location plans and programs. Mon, 17 Jun 2013 16:16:00 GMT f1397696-738c-4295-afcd-943feb885714:836 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=820&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/820/Cubic-Payment-Application-Software-Achieves-PCI-DSS-Certification SAN DIEGO, Calif. – June 10, 2013 - Cubic Transportation Systems, a leading integrator of payment and information technology and services for intelligent travel solutions, today announced that the latest version of their Cubic Payment Application (CPA 3.0) has been successfully “Validated According to PA-DSS v2.0” by the PCI Security Standards Council, and is listed as “Acceptable for New Deployments” on the Payment Card Industry Data Security Standards (PCI-DSS) website. Mon, 10 Jun 2013 11:00:00 GMT f1397696-738c-4295-afcd-943feb885714:820 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=819&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/819/Cubic-Enters-into-Exclusive-Due-Diligence-for-the-Acquisition-of-the-Transport-Solutions-Business-of-Serco SAN DIEGO, Calif. – June 7, 2013 – Cubic Corporation is in discussions to acquire the Transport Solutions business from Serco. Fri, 07 Jun 2013 13:05:00 GMT f1397696-738c-4295-afcd-943feb885714:819 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=817&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/817/Cubic-Named-Top-Performer-in-the-Aerospace-Defense-Industry-by-Aviation-Week SAN DIEGO, Calif. – May 29, 2013 – Cubic Corporation (NYSE: CUB), announced today that Aviation Week has ranked the company as the number one  top performing aerospace and defense company for reporting revenues between $1 billion and $5 billion. The full list and related stories appear in the May 27, 2013 issue of Aviation Week, available now at AviationWeek.com/tpc. Wed, 29 May 2013 18:12:00 GMT f1397696-738c-4295-afcd-943feb885714:817 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=814&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/814/Cubic-Reports-Strong-Debut-for-Its-NextAgent-Video-Ticket-Office-at-UITP GENEVA –May 29, 2013 – Cubic Transportation Systems reports an overwhelmingly positive response to yesterday’s launch of NextAgent, the company’s radical new concept in transport ticketing which uses high-speed video links to enable passengers to interact with ticketing staff in real time, 24 hours a day, 365 days a year. Wed, 29 May 2013 10:10:00 GMT f1397696-738c-4295-afcd-943feb885714:814 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=813&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/813/Cubics-New-Virtual-Ticketing-Office-NextAgent-Gives-Global-Ticketing-Technology-a-Personal-Touch GENEVA – May 27, 2013 – Cubic Transportation Systems today announced the launch of NextAgent, a radical new concept in transport ticketing using high-speed video links to let passengers interact with ticketing staff in real time, 24 hours a day, 365 days a year. The solution will be demonstrated at the International Association of Public Transport (UITP) World Congress & Mobility and City Transport Exhibition, May 27-30, Geneva, Cubic Stand 2D300, and at the APTA Rail Conference Product Showcase, Philadelphia, June 2-3, Cubic Booth 404. Mon, 27 May 2013 10:10:00 GMT f1397696-738c-4295-afcd-943feb885714:813 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=810&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/810/US-Army-Awards-Cubic-21-Million-Foreign-Military-Sales-Training-Contract SAN DIEGO, Calif. – May 20, 2013 – Cubic Corporation (NYSE: CUB), announced today it was awarded a $21 million foreign military sales contract for its Engagement Skills Trainer 2000 (EST 2000) Plus, virtual small arms training system. The U.S. Army’s Program Executive Office for Simulation, Training and Instrumentation (PEO STRI) awarded the contract to Cubic in support of a foreign customer. The order includes systems, weapons, and in-country support with a key subcontractor. Mon, 20 May 2013 15:46:00 GMT f1397696-738c-4295-afcd-943feb885714:810 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=809&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/809/Cubic-Announces-Pricing-of-Secondary-Public-Offering-by-Selling-Shareholders SAN DIEGO, Calif. –  May 16, 2013 – Cubic Corporation (NYSE: CUB) announced today the pricing of a previously announced secondary underwritten public offering of 2,315,000 shares of its common stock at a price to the public of $45.75 per share.  All of such shares were offered by certain shareholders of Cubic, which shareholders are comprised of trusts created by Cubic’s founder, Walter J. Zable, who passed away in 2012, and the selling shareholders will receive all of the net proceeds from the offering.  The selling shareholders have granted the underwriters an option for 30 days to purchase up to 347,250 additional shares.  The offering is expected to close on May 21, 2013, subject to the satisfaction of customary closing conditions.  Thu, 16 May 2013 13:20:00 GMT f1397696-738c-4295-afcd-943feb885714:809 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=807&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/807/Cubic-Announces-Launch-of-Secondary-Public-Offering-by-Selling-Shareholders SAN DIEGO, Calif. – May 13, 2013 – Cubic Corporation (NYSE: CUB) announced today that it has launched a secondary underwritten public offering of 2,400,000 shares of its common stock pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (SEC).  All of such shares will be offered and sold by certain shareholders of Cubic, which shareholders are comprised of trusts created by Cubic’s founder, Walter J. Zable, who passed away in 2012, and the selling shareholders will receive all of the net proceeds from such offering.  The selling shareholders intend to grant the underwriters an option for 30 days to purchase up to 360,000 additional shares.  Cubic will not sell any shares in the offering.  Mon, 13 May 2013 19:28:00 GMT f1397696-738c-4295-afcd-943feb885714:807 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=804&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/804/Cubic-Announces-New-President-of-NextBusThe-Leader-in-Real-Time-Passenger-Information-Systems SAN DIEGO, Calif.- May 9, 2013– Cubic Transportation Systems, a leading integrator of payment and information technology and services for intelligent travel solutions, today announced that Ian Newberg has been named president of its NextBus subsidiary, North America’s leading provider of real-time passenger information systems.    Thu, 09 May 2013 11:00:00 GMT f1397696-738c-4295-afcd-943feb885714:804 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=794&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/794/Cubic-Customer-Metro-Transit-Reaches-Near-Record-High-Smart-Card-Usage SAN DIEGO, Calif. – May 7, 2013 – Cubic Transportation Systems, a leading integrator of payment and information technology and services for intelligent travel solutions, today recognized the achievement of its Minneapolis/St. Paul-based customer, Metro Transit that achieved near record high usage of its Go-To Card contactless smart cards in February 2013. The Go-To Card represented 54.7 percent of all fares collected during the month.  Tue, 07 May 2013 11:00:00 GMT f1397696-738c-4295-afcd-943feb885714:794 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=792&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/792/Cubic-Reports-Second-Quarter-Fiscal-Year-2013-Results Sales increased 7 percent over second quarter 2012 to $364.3 million Net income of $27.2 million compared to $23.4 million in the same period last year Earnings per share of $1.02 compared to $0.88 in the same period last year Total backlog of $2.80 billion at March 31, 2013 compared to $2.83 billion at September 30, 2012 Net Income was positively impacted by retroactive federal R&D tax credit of $1.9 million Results were negatively impacted by restructuring and other charges totaling $7.4 million, before taxes SAN DIEGO, Calif. – May 2, 2013 – Cubic Corporation (NYSE: CUB) today reported its results for the second quarter of fiscal year 2013.  Sales for the second quarter of 2013 were $364.3 million, an increase of 7 percent compared to $339.6 million in the second quarter of 2012. Net income attributable to Cubic shareholders rose 16 percent to $27.2 million, or $1.02 per share, from $23.4 million, or $0.88 per share, in the second quarter of 2012. The benefit from retroactive renewal of the U.S. federal research and development tax credit was approximately $1.9 million and contributed $0.07 to earnings per share. Operating income was $34.6 million, up 6 percent from $32.5 million last year. Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA), a non-GAAP measure (as described below), was $41.5 million in this year’s second quarter compared to $38.0 million last year, an increase of 9 percent. The second quarter of 2013 included a charge of $6.1 million, before applicable income taxes, for restructuring costs due to workforce reductions at Cubic Defense Systems. The global realignment was necessitated due to delayed U.S. government procurement decisions and a change in business mix. The realignment is expected to result in operating profit margin improvements during the remainder of the fiscal year. "Overall we had a good quarter led by a strong performance in our transportation segment.” said William W. Boyle, Chief Executive Officer of Cubic Corporation. “Despite the unsettling DoD environment, we continue to win U.S. defense contracts and expand our transportation segment into new market areas. We remain encouraged for the remainder of the year due to our strong pipeline of international opportunities.” Reportable Segment Results Transportation Systems (38% of consolidated sales) Cubic Transportation Systems (CTS) develops and delivers innovative fare collection systems and services for public transit authorities worldwide. In the second quarter of this year, CTS sales increased 5 percent to $138.8 million compared to $131.7 million in the same period last year. The increase resulted from higher sales on contracts in the U.K., including an annual system usage incentive, as well as higher U.S. sales on a bus contract and sales from the recently acquired NextBus, Inc.   Operating income from CTS in the second quarter this year increased 38 percent to $32.2 million from $23.4 million in the second quarter of last year, primarily due to higher sales in the U.K. and Australia, an increase in the annual system usage incentive mentioned above, and a more favorable mix of higher margin sales in the quarter compared to last year.      Six Months Ended   Three Months Ended   March 31,   March 31,   2013   2012   % Change   2013   2012   % Change   (in millions)       (in millions)     Transportation Systems Segment Sales $257.4   $257.5   0%   $138.8   $131.7   5%                         Transportation Systems Segment Operating Income $45.4   $41.3   10%   $32.2   $23.4   38%     CTS total backlog decreased from $1,663.7 million as of September 30, 2012 to $1,616.3 million at March 31, 2013, primarily due to negative changes in currency translation. Mission Support Services (34% of consolidated sales) Mission Support Services (MSS) is a leading provider of highly specialized support services to the U.S. government and allied nations. Sales from MSS decreased 4 percent to $122.2 million in the second quarter this year, compared to $126.9 million in the second quarter of last year. The decrease in sales was primarily due to lower activity at the Joint Readiness Training Center (JRTC) in Fort Polk, Louisiana, which was partially offset by higher sales on contracts for the national security community and from NEK Special Programs Group LLC (NEK), a company acquired in December 2012 that provides training to the Special Forces community. MSS operating income was $3.6 million in the second quarter this year compared to $4.6 million in the second quarter of last year. The decrease was from increased personnel costs on a flight simulator training contract and an operating loss of $0.3 million from NEK inclusive of acquisition-related costs of $0.4 million.     Six Months Ended   Three Months Ended   March 31,   March 31,   2013   2012   % Change   2013   2012   % Change   (in millions)       (in millions)     Mission Support Services Segment Sales $235.6   $234.4   1%   $122.2   $126.9   -4%                         Mission Support Services Segment Operating Income $7.8   $9.1   -14%   $3.6   $4.6   -22%     Total backlog for MSS increased 9 percent or $69.6 million from $737.0 million to $806.6 million, partially due to the addition of backlog from the acquisition of NEK and the recently won U.S. Navy training services contract valued at $134.0 million. Defense Systems (28% of consolidated sales) Cubic Defense Systems (CDS) is focused on two primary lines of business: training systems and secure communications. In the second quarter, training systems sales were up 25 percent to $87.6 million from $70.3 million last year while operating income was down 10 percent to 7.0 million this year from $7.8 million last year. Certain CDS product lines previously categorized as “Other” have been reclassified into “Secure communications” due to a management realignment. Secure communications sales increased 50 percent from $10.4 million last year to $15.6 million this year, reflecting higher sales from personnel locator systems. Secure communications operating loss decreased to $0.6 million in the second quarter from $1.7 million last year primarily due to the increase in higher margin personnel locator system sales, which was partially offset by a loss on a data link contract.     Six Months Ended   Three Months Ended   March 31,   March 31,   2013   2012   % Change   2013   2012   % Change   (in millions)       (in millions)     Defense Systems Segment Sales                             Training systems $153.2   $135.0   13%   $87.6   $70.3   25%       Secure communications 31.2   29.0   8%   15.6   10.4   50%   $184.4   $164.0   12%   $103.2   $80.7   28%                         Defense Systems Segment Operating Income                             Training systems $8.9   $12.3   -28%   $7.0   $7.8   -10%       Secure communications (1.3)   (0.2)   550%   (0.6)   (1.7)   -65%       Restructuring costs (6.1)   -       (6.1)   -       $1.5   $12.1   -88%   $0.3   $6.1   -95%     CDS backlog is being negatively impacted by delays in contract awards and extensions, which are due in part to the budgetary uncertainties that our U.S. government customers are experiencing. CDS backlog was $381.1 million at March 31, 2013, down from $430.9 million at September 30, 2013. Conference Call Cubic management will host a conference call to discuss the company’s second quarter fiscal year 2013 results today, Thursday May 2, 2013 at 4:30 ET (1:30 PT) that will be simultaneously broadcast over the Internet. William W. Boyle, chief executive officer and John “Jay” D. Thomas, chief financial officer, will host the call. Listeners may access the conference call live over the Internet at the company’s website under the “Investor Relations” tab at www.cubic.com. Please allow 15 minutes prior to the call to visit our website to download any necessary audio software. For those unable to listen to the live broadcast, an archived version will be available at the same location through June 3, 2013. About Cubic Cubic Corporation is globally diversified in transportation and defense markets. The company’s Transportation segment is a leading systems integrator that develops and provides fare collection infrastructure, services and technology for public transit authorities and operators worldwide. Cubic’s Mission Support Services segment is a leading provider of training, operations, maintenance, technical and other support services to the U.S. and allied nations. The Defense Systems segment is a leading provider of realistic combat training systems, cyber technologies, asset tracking solutions, and defense electronics. For more information about Cubic, see the company's web site at www.cubic.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to the safe harbor created by such Act. Forward-looking statements include, among others, statements about our expectations regarding future events or our future financial and/or operating performance. These statements are often, but not always, made through the use of words or phrases such as “may,” “will,” “anticipate,” “estimate,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “believe,” “intend,” “predict,” “potential,” “opportunity” and similar words or phrases or the negatives of these words or phrases. These statements involve risks, estimates, assumptions and uncertainties that could cause actual results to differ materially from those expressed in these statements, including, among others: our dependence on U.S. and foreign government contracts; delays in approving U.S. and foreign government budgets and cuts in U.S. and foreign government defense expenditures; the ability of certain government agencies to unilaterally terminate or modify our contracts with them; our ability to successfully integrate new companies into our business and to properly assess the effects of such integration on our financial condition; the U.S. government’s increased emphasis on awarding contracts to small businesses, and our ability to retain existing contracts or win new contracts under competitive bidding processes; the effects of politics and economic conditions on negotiations and business dealings in the various countries in which we do business or intend to do business; competition and technology changes in the defense and transportation industries; our ability to accurately estimate the time and resources necessary to satisfy obligations under our contracts; the effect of adverse regulatory changes on our ability to sell products and services; our ability to identify, attract and retain qualified employees; business disruptions due to cyber security threats, physical threats, terrorist acts, acts of nature and public health crises; our involvement in litigation, including litigation related to patents, proprietary rights and employee misconduct; our reliance on subcontractors and on a limited number of third parties to manufacture and supply our products; our ability to comply with our development contracts and to successfully develop, introduce and sell new products, systems and services in current and future markets; defects in, or a lack of adequate coverage by insurance or indemnity for, our products and systems; and changes in U.S. and foreign tax laws, exchange rates or our economic assumptions regarding our pension plans. In addition, please refer to the risk factors contained in our SEC filings available at www.sec.gov, including our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Because the risks, estimates, assumptions and uncertainties referred to above could cause actual results or outcomes to differ materially from those expressed in any forward-looking statements, you should not place undue reliance on any forward-looking statements. Any forward-looking statement speaks only as of the date hereof, and, except as required by law, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date hereof. Use of Non-GAAP Financial Information To supplement our consolidated financial statements presented in accordance with U.S. generally accepted accounting principles (GAAP), we use Adjusted EBITDA which represents net income attributable to Cubic before interest, taxes, non-operating income, depreciation and amortization. We believe that the presentation of Adjusted EBITDA provides useful information to investors with which to analyze our operating trends and performance and ability to service and incur debt. Also, Adjusted EBITDA is a factor we use in measuring our performance and compensating certain of our executives. Further, we believe Adjusted EBITDA facilitates company-to-company operating performance comparisons by backing out potential differences caused by variations in capital structures (affecting net interest expense), taxation and the age and book depreciation of property, plant and equipment (affecting relative depreciation expense), and non-operating expenses which may vary for different companies for reasons unrelated to operating performance. In addition, we believe that Adjusted EBITDA is frequently used by securities analysts, investors and other interested parties in their evaluation of companies, many of which present an Adjusted EBITDA measure when reporting their results. Adjusted EBITDA is not a measurement of financial performance under GAAP and should not be considered as an alternative to net income as a measure of performance. In addition, other companies may define Adjusted EBITDA differently and, as a result, our measure of Adjusted EBITDA may not be directly comparable to Adjusted EBITDA of other companies. Furthermore, Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation, or as a substitute for analysis of our results as reported under GAAP. Because of these limitations, Adjusted EBITDA should not be considered as a measure of discretionary cash available to us to invest in the growth of our business. We compensate for these limitations by relying primarily on our GAAP results and using Adjusted EBITDA only supplementally. You are cautioned not to place undue reliance on Adjusted EBITDA. The following table reconciles Adjusted EBITDA to net income attributable to Cubic, which we consider to be the most directly comparable GAAP financial measure to Adjusted EBITDA.     Six Months Ended   Three Months Ended   March 31,   March 31,   2013   2012   2013   2012   (in thousands) Reconciliation:               Net income attributable to Cubic $39,604   $44,091   $27,158   $23,397 Add:                    Provision for income taxes 12,443   18,200   7,043   9,847      Interest expense (income), net 767   (1,048)   342   (633)      Other income, net (49)   (1,045)   53   (122)      Noncontrolling interest in income of VIE 125   96   52   51      Depreciation and amortization 11,597   11,297   6,879   5,465             ADJUSTED EBITDA $64,487   $71,591   $41,527   $38,005     Contact Media John D. Thomas 858-505-2989 Investors Diane Dyer 858-505-2907 9333 Balboa Avenue San Diego, CA 92123   Financial Statements Thu, 02 May 2013 15:49:00 GMT f1397696-738c-4295-afcd-943feb885714:792 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=790&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/790/Cubic-Corporation-Announces-Second-Quarter-2013-Earnings-Release-and-Conference-Call-Schedule SAN DIEGO, Calif. – April 25, 2013 – Cubic Corporation (NYSE:  CUB) plans to hold a conference call on Thursday, May 2, 2013 at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss its second quarter fiscal year 2013 financial results. The company expects to file its Form 10-Q for the quarter ended March 31, 2013 with the Securities and Exchange Commission and issue a press release distributed over a national wire service at approximately 4:00 p.m. Eastern Time that same day. The press release and Form 10-Q will be available at the Investor Relations tab on the company’s website: www.cubic.com. Thu, 25 Apr 2013 08:00:00 GMT f1397696-738c-4295-afcd-943feb885714:790 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=782&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/782/Cubic-Awarded-Training-and-Support-Contract-from-the-US-Navy-and-Marine-Corps-Worth-134-Million SAN DIEGO, Calif. – April 9, 2013 – Cubic Worldwide Technical Services (CWTS), a Mission Support Services subsidiary of Cubic Corporation (NYSE: CUB) has been awarded a contract for nearly $134 million for the Base Period and Option Years from the U.S. Naval Air Warfare Center Training Systems Division (NAWCTSD) based in Orlando, Florida.  CWTS is a leading provider of instructional support services for the Navy and Marine Corps. Cubic will deliver interactive and immersive academic and simulator instruction for nine different aircraft ranging between basic and advanced flight operation. Tue, 09 Apr 2013 08:00:00 GMT f1397696-738c-4295-afcd-943feb885714:782 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=775&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/775/Cubic-Joins-Royal-Celebration-of-150th-Anniversary-of-the-London-Underground LONDON, March 28, 2013 – Cubic Transportation Systems’ president Steve Shewmaker was among the small group of Transport for London (TfL) partners invited to meet Her Majesty The Queen during the latest event in a year-long calendar of activities to mark the 150th Anniversary of the London Underground.   Her Majesty visited Baker Street Underground Station accompanied by His Royal Highness The Duke of Edinburgh and Her Royal Highness The Duchess of Cambridge. Thu, 28 Mar 2013 08:00:00 GMT f1397696-738c-4295-afcd-943feb885714:775 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=771&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/771/Cubic-Appoints-Dave-Schmitz-as-President-of-Cubic-Defense-Applications SAN DIEGO, Calif. – March 26, 2013 – Cubic Corporation (NYSE: CUB) today announced the appointment of Dave Schmitz as president of Cubic Defense Applications (CDA). He succeeds Brad Feldmann, who was recently promoted to president and chief operating officer of Cubic. Tue, 26 Mar 2013 15:00:00 GMT f1397696-738c-4295-afcd-943feb885714:771 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=768&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/768/Cubic-Receives-27-Million-Contract-from-New-York-MTA-to-Deliver-Hardware-System-for-MTA-Bus-Time SAN DIEGO, Calif. – March 18, 2013 – Cubic Transportation Systems, a leading integrator of transportation technology and services provider for intelligent travel solutions, has been awarded a contract for nearly $27 million from the New York Metropolitan Transportation Authority  to build and integrate the Bus Hardware System for MTA Bus Time®, the authority’s Customer Information System for bus location and arrival times that will be accessible to riders using an internet browser-based map, a mobile phone-based application and a text message-based service.     Mon, 18 Mar 2013 11:00:00 GMT f1397696-738c-4295-afcd-943feb885714:768 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=765&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/765/Cubic-Awarded-US-Navy-Contracts-Valued-up-to-2985-Million-to-Support-Advanced-Combat-Ship-Training SAN DIEGO, Calif. – March 1, 2013.  Cubic Corporation’s (NYSE: CUB),  Orlando-based Simulation Systems Division announced that it has received three prime contracts from Naval Air Warfare Center Training Systems Division (NAWCTSD) to develop instructor-led (synchronous) and instructor facilitated self-paced (asynchronous) courseware in support of the Littoral Combat Ship Train to Qualify (T2Q) and Train to Certify (T2C) shore-based training requirements for both variants of the Littoral Combat Ship, and for the Mission Packages utilized on both ships. Fri, 01 Mar 2013 13:48:00 GMT f1397696-738c-4295-afcd-943feb885714:765 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=756&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/756/Cubic-Corporation-Announces-Semiannual-Dividend SAN DIEGO, Calif. – February 12, 2013 – The Cubic Corporation (NYSE: CUB) Board of Directors today approved a regular semiannual dividend of 12 cents per share, payable on March 11, 2013, to shareholders of record on February 25, 2013. Cubic has consistently paid cash dividends to its shareholders since 1971. Tue, 12 Feb 2013 22:11:00 GMT f1397696-738c-4295-afcd-943feb885714:756 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=753&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/753/Cubic-Corporation-Announces-Conference-Call-to-Discuss-First-Quarter-2013-Financial-Results SAN DIEGO, Calif. – February 6, 2013 – Cubic Corporation (NYSE:  CUB) today announced that management will hold a conference call on Monday, February 11, 2013 at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to review the company’s financial results for the first quarter ended December 31, 2012 and provide a company update. The company’s prepared remarks will be followed by a question and answer period, limited to financial analysts and institutional investors. The company expects to distribute its financial results over a national wire service and file its Form 10-Q with the Securities and Exchange Commission on February 11, 2012, after the close of U.S. financial markets and prior to the conference call. The press release will be posted at the company’s website: www.cubic.com. Wed, 06 Feb 2013 11:00:00 GMT f1397696-738c-4295-afcd-943feb885714:753 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=750&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/750/Cubic-Board-names-CEO-makes-changes-to-its-Executive-Management-Team SAN DIEGO, Calif. – February 1, 2013 – Cubic Corporation (NYSE: CUB) announced today that its Board of Directors named William W. Boyle as Chief Executive Officer. Mr. Boyle, formerly the Executive Vice President and Chief Financial Officer, had also been serving as Interim President and CEO since the passing of the company’s founder and former CEO, Walter J. Zable, in June 2012.  Mr. Boyle joined Cubic Corporation as Chief Financial Officer in 1983. Fri, 01 Feb 2013 11:00:00 GMT f1397696-738c-4295-afcd-943feb885714:750 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=737&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/737/New-Cubic-system-could-help-better-manage-large-crowds-at-events-like-the-Super-Bowl-and-Mardi-Gras SAN DIEGO, Calif. – January 28, 2013 - Cubic Corporation (NYSE: CUB) is developing a new system that could make large gatherings of people -- like the Super Bowl, NASCAR races, Mardi Gras and events on the National Mall -- safer and easier to manage. Mon, 28 Jan 2013 16:48:00 GMT f1397696-738c-4295-afcd-943feb885714:737 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=732&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/732/Cubic-Transportation-Systems-Acquires-NextBus-Inc-Leader-in-Real-Time-Passenger-Information-Solutions SAN DIEGO, Calif. - January 24, 2013 - Cubic Transportation Systems, a leading integrator of payment and information technology and services for intelligent travel solutions, today announced it has acquired NextBus, Inc., from Webtech Wireless Inc.  NextBus is North America's leading provider of real-time passenger information systems (RTPIS) with more than 100 transit agency deployments in the United States and Canada for a total consideration of CAD$20.75 million subject to the terms of the purchase agreement. Thu, 24 Jan 2013 16:36:00 GMT f1397696-738c-4295-afcd-943feb885714:732 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=722&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/722/Cubic-Acquires-Training-Range-Communications-Project-Management-Firm-in-Canberra Canberra, Australia – January 15, 2013 –Cubic Defense Australia, the Australian-based defense systems business of Cubic Corporation (NYSE: CUB) recently agreed to acquire PS Management Consultants Pty Ltd (PSMC), an Australian defense firm with strong ties to the training, simulation, communications, and range safety customers  headquartered in Canberra, the national capital of Australia.  The closing of the transaction is subject to customary closing conditions. Tue, 15 Jan 2013 23:42:00 GMT f1397696-738c-4295-afcd-943feb885714:722 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=702&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/702/Cubic-to-Present-at-Raymond-James-12th-Annual-Government-Services-Technology-Summit San Diego, CA –January 4, 2012 - Cubic Corporation (NYSE: CUB), a diversified systems and services company in transportation and defense markets worldwide today announced the company’s participation in the Raymond James 12th Annual Government Services & Technology Summit on January 8, 2013 in Washington, D.C. Fri, 04 Jan 2013 15:56:00 GMT f1397696-738c-4295-afcd-943feb885714:702