http://www.cubic.com RSS feeds for Cubic Corporation 60 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=401&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/401/Cubic-Names-New-Vice-President-Legislative-Affairs SAN DIEGO, California – May 14, 2012 – Cubic Corporation (NYSE: CUB) has named Andy Jazwick as its vice president, legislative affairs. Jazwick replaces Jack Liddle, who is retiring after holding the position the past 15 years. As vice president, legislative affairs, Jazwick will be Cubic’s representative and lobbyist in Washington, D.C. He will join the company today.   Jazwick has more than 25 years of experience in government and public relations, public policy, corporate business development and international affairs and as a senior staffer on Capitol Hill. Before joining Cubic, he was the senior vice president for aviation security at Reveal Imaging, an SAIC company and developer of threat detection technologies and services based in Bedford, Massachusetts. He directed the company’s marketing and business development and managed a sales team for both domestic and international aviation detection markets. Prior to joining Reveal, Jazwick was SAIC’s senior lobbyist to the government and industry in the homeland security, national defense and intelligence arenas for 11 years. He last served as SAIC’s vice president for government affairs. Jazwick also worked as manager of government relations for Science and Engineering Associates (SEA) and was a senior military legislative assistant, handling defense, intelligence and national security issues for three U.S. senators who served on Senate Armed Services Committee and the Defense, Energy and Foreign Operations appropriations subcommittees. Jazwick is a graduate of Averett University, with a degree in Business Administration. Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic Defense Systems is a leading pro-vider of realistic combat training systems, cyber technologies, asset tracking solutions, and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services. Cubic Transportation Systems is the world’s leading provider of automated fare collection systems and services for public transit authorities. For more information about Cubic, see the company's website at www.cubic.com.                                                                                     ###    Mon, 14 May 2012 08:30:00 GMT f1397696-738c-4295-afcd-943feb885714:401 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=400&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/400/Cubic-Transportation-Systems-in-Partnership-with-Transport-for-London-and-ATOC-Scoops-Top-Award-at-2012-International-Transport-Forum Successful extension of Oyster onto the National Rail network in Greater London acclaimed by judging panel SAN DIEGO, Calif. – May 11, 2012 – Cubic Transportation Systems (NYSE:CUB), Transport for London (TfL) and the Association of Train Operating Companies (ATOC) have been awarded the prestigious Transport Achievement Award at the 2012 International Transport Forum ceremony in Leipzig, Germany. Awarded to a project, initiative or service offering that demonstrates progress towards the vision of seamless transport, the partnership was applauded for its outstanding work in introducing Oyster to the National Rail network in London. Cubic worked closely with TfL, ATOC and the train companies to upgrade National Rail services in Greater London so that stations not on the Underground could form part of the seamless Oyster network and enable passengers to reap the rewards of using a fully integrated, flexible smartcard. Since January 2010, 350 National Rail stations in London have been able to accept Oyster “pay as you go,” and usage on services operating in the area has increased from half a million to over 2.5 million journeys per week. Passengers are now able to use their Oyster card on multiple modes of transport in the capital – including National Rail services, the Underground, the Overground, the DLR and buses. Roger Crow, Cubic managing director for Europe, said, “We are delighted to have been recognized with this prestigious award, alongside our colleagues at TfL and ATOC.  This major project success showcases what can be achieved by a truly collaborative partnership and we are very proud of the difference that we and our partners make to the daily travel experience of so many.” Shashi Verma, TfL’s director of customer experience, said, "Extending Oyster coverage to all 350 National Rail stations in Greater London has been a massive improvement for passengers. The Mayor was determined to make that happen and recognition of the achievement is hugely encouraging. We will continue to explore even more ways to improve customer experience." Peter Twigg, head of London Support at ATOC, said, “The extension of Oyster ‘pay as you go’ to National Rail has been a fantastic success. The aim was to make public transport around the capital easier for thousands of rail passengers every day. The huge take up since its launch shows that customers really appreciate the benefits that Oyster offers. It took huge amounts of joint work behind the scenes by train companies, TfL, Cubic and the Government, so recognition through this award is gratifying for all involved.” Cubic® Transportation Systems, Inc. is the world's leading turnkey solution provider of automated fare collection systems for public transport including bus, bus rapid transit, light rail, commuter rail, heavy rail, ferry and parking.  Cubic's solutions and services include system design, central computer systems, equipment design and manufacturing, device-level software, integration, test, installation, warranty, maintenance, computer hosting services, call center services, card management and distribution services, financial clearing and settlement, multi-application support and outsourcing services.   Every year, nearly 10 billion rides are taken worldwide using Cubic fare collection systems.  Cubic has delivered over 400 projects in 40 major markets on five continents.  Active projects include London; Brisbane (Southeast Queensland) region, Australia; New York/New Jersey region; Washington, D.C. /Baltimore/Virginia region; Los Angeles region; San Diego region; San Francisco region; Minneapolis/St. Paul; Chicago; Atlanta region; Miami (South Florida) region; Vancouver and Edmonton, Canada; Sydney (New South Wales), Australia; and Scandinavia.   Cubic Defense Systems is a leading provider of realistic combat training systems, cyber technologies, asset tracking solutions, and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services. For more information about Cubic, see the company's Web site at www.cubic.com                                                                              ### . Fri, 11 May 2012 08:30:00 GMT f1397696-738c-4295-afcd-943feb885714:400 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=399&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/399/Cubic-and-UC-San-Diego-to-Collaborate-on-Next-Generation-Intelligent-Travel-Research Cubic grants $500,000 over five years for technology research to benefit travelers  SAN DIEGO, Calif. – May 10, 2012 - Cubic Transportation Systems (NYSE:CUB), a leading integrator of intelligent transport systems and services, and the Jacobs School of Engineering at the University of California San Diego (UC San Diego), one of the world's leading public research universities, have entered into a collaborative partnership to research the next generation of intelligent travel technologies for cities. Cubic will contribute $500,000 over five years to the UC San Diego Jacobs School of Engineering to fund research done by faculty, students and Cubic Transportation Systems staff.  The project aims to achieve a better understanding of the application and utilization of emerging technologies, with the ultimate goal of making transportation easier, more convenient, more economical and environmentally greener for transit operators and their customers.  “The partnership with UC San Diego will help Cubic realize its vision of mobility in the future – what we call Nextcity,” said Matt Cole, senior vice president of strategy and business development. “Consumer mobile devices, wireless communications and account-based payment processing create the opportunity to make significant new information available to travelers.”  Through integration of regional transport payments and traveler data, Nextcity will deliver personalized information to passengers so they can make informed travel choices. “Our  research will make better use of the existing data and seek innovative ways to apply this information and technology to better the traveler’s experience, and improve the efficiency and utilization of the transportation system and a city’s resources,” said Pradip Mistry, vice president of engineering. The research partnership potentially spans mobile and web technologies, wireless networking, location-based services, data warehousing and system architecture and analytics, all areas of expertise at the university. Combining the broad scope of the university’s research expertise across these domains with Cubic’s insight into the transportation sector will be instrumental to finding practical yet innovative new approaches, said Frieder Seible, Dean of the UC San Diego Jacobs School of Engineering and holder of the Walter J. Zable Professor endowed chair at the school. “Cubic has been a long-standing partner of UC San Diego and the Jacobs School, and we see this new collaboration as a way to deepen that relationship with our faculty and students.” Cubic is the global leader in intelligent transport systems and services. With Cubic’s “smart” fare payment cards and advanced integrated ticketing systems users board vehicles faster, travel and transfer between modes more easily. Transit operators see the benefits of shorter boarding times and better data on transport usage patterns.  Cubic is also supporting account-based processing for open payment standards, enabling transit riders to use their own fare media, such as a bank-issued MasterCard PayPass or Visa payWave credit, debit and prepaid contactless smart cards or an NFC-enabled mobile phone. With more than 20 years of contactless smart card payment experience in the transit industry, Cubic has active open payment projects with the Chicago Transit Authority (CTA), Transport for London (TfL), TransLink in Vancouver and New Jersey and Delaware’s Port Authority Transit Corporation (PATCO) system, the first in the world to use transit-branded contactless Visa prepaid cards. Account-based processing opens up the opportunity for the integration of transit payment with other forms of transport payment such as tolling and parking. The Cubic and UC San Diego research collaboration will help discover new technologies and strategies that reduce the costs and increase the utility of these services. Cubic® Transportation Systems, Inc. is the world's leading turnkey solution provider of automated fare collection systems for public transport including bus, bus rapid transit, light rail, commuter rail, heavy rail, ferry and parking.  Cubic's solutions and services include system design, central computer systems, equipment design and manufacturing, device-level software, integration, test, installation, warranty, maintenance, computer hosting services, call center services, card management and distribution services, financial clearing and settlement, multi-application support and outsourcing services. Every year, nearly 10 billion rides are taken worldwide using Cubic fare collection systems.  Cubic has delivered over 400 projects in 40 major markets on five continents.  Active projects include London; Brisbane (Southeast Queensland) region, Australia; New York/New Jersey region; Washington, D.C. /Baltimore/Virginia region; Los Angeles region; San Diego region; San Francisco region; Minneapolis/St. Paul; Chicago; Atlanta region; Miami (South Florida) region; Vancouver and Edmonton, Canada; Sydney (New South Wales), Australia; and Scandinavia.   Cubic Defense Systems is a leading provider of realistic combat training systems, cyber technologies, asset tracking solutions, and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services. For more information about Cubic, see the company's Web site at www.cubic.com.                                                     ###   Related Articles Cubic In The News-->Archives | Search -->     Thu, 10 May 2012 08:30:00 GMT f1397696-738c-4295-afcd-943feb885714:399 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=397&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/397/Advisory-Board-to-Help-Shape-Cubic-Strategy-for-the-Future-of-Intelligent-Travel SAN DIEGO, Calif., May 7, 2012 - Cubic Transportation Systems has announced the appointment of a strategic advisory board to support and guide the company’s senior management team. Cubic has led the revenue collection market for the past four decades, delivering solutions that have been deployed in helping transit agencies lower their costs, increase convenience and improve positive public perceptions of the transit system. Over that time, the company has been responsible for many of the most significant advances in the sector. “We are in a period of considerable change,” commented Cubic Transportation Systems president Steve Shewmaker, “with transit agencies and state governments confronted with the dual challenge of reduced access to capital and operating budgets at a time of high population growth, urbanization and an increased demand for mobility. “Cubic is helping its customers to respond to these challenges by changing its business to become a more agile partner and to think longer-term about how we can support them in shaping positive responses to the rapidly changing dynamics confronting them. We’re investing more than ever before in research and development, and continue to seek strategic acquisitions to accelerate our capabilities. The establishment of an advisory board comprising a small number of extremely accomplished and highly respected individuals is an important step in the transformation of our business.” Those appointed to the board are: Secretary Norman Mineta, who served under President Bill Clinton as Secretary for Commerce, before spending more than  five years as President George W. Bush’s Transport Secretary – the only Democrat in President Bush’s Cabinet. Willie L. Brown, Jr., Mayor of San Francisco from 1996-2004 and Speaker of the California State Assembly from 1980-1995. Robert D Jamison, a proven leader on transportation security and transportation infrastructure, who served as Deputy Administrator of the Federal Transit Administration and Acting Administrator of the Federal Railroad Administration. He also served as Deputy Administrator of the Transportation Security Administration. In 2007, he was confirmed by the Senate to be Under Secretary for the Department of Homeland Security. Steven Norris stood as a candidate for Mayor of London in 2000 and 2004. A former Transport minister in John Major’s government, he chaired the transport working group in Conservative Party leader David Cameron's Quality of Life Commission. The Honourable Bruce Baird AM, was Minister for Transport in New South Wales from 1988-95, Minister for Sydney's Olympic bid between 1990-93 and Minister for Tourism and Roads from 1993-95. In 2008, he was appointed Chairman of the Tourism and Transport Forum, a peak industry lobby group.  “We’re delighted that our strategic decision-making process will now be informed by such a powerful cohort of transportation sector thought leaders providing guidance to Cubic’s senior management team in the areas of market expansion, transit policy and technology,” Shewmaker said. “Their contribution to the future direction of our company will be invaluable and we welcome them warmly to the team.”                                                           (Note to editors: Biographies of advisory board members are available at: cts.cubic.com Cubic® Transportation Systems, Inc., is part of Cubic Corporation. Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems and defense electronics.   Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services.Cubic® Transportation Systems, Inc., is a leading integrator of payment and information technology and services for intelligent travel solutions.  Cubic delivers integrated solutions that help transport operators manage their operations and services and give passengers choices in the smartest and easiest ways to pay their fares. Cubic specializes in design, development, manufacture, supply, installation, integration, services and information.  Services provided by Cubic include on-site management, central systems, operations support, patron support, business support and field services.\Every year, nearly 10 billion rides are taken worldwide using Cubic payment and information systems. Cubic has delivered over 400 projects in 40 major markets on five continents. Active projects include London; Brisbane (Southeast Queensland) region, Australia; New York/New Jersey region; Washington, D.C. /Baltimore/Virginia region; Los Angeles region; San Diego region; San Francisco region; Minneapolis/St. Paul; Chicago; Atlanta region; Miami (South Florida) region; Vancouver and Edmonton, Canada; Sydney (New South Wales), Australia; and Scandinavia. Cubic Defense Systems is a leading provider of realistic combat training systems, cyber technologies, asset tracking solutions, and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services. For more information about Cubic, see the company's Web site at www.cubic.com.                                                           ### Mon, 07 May 2012 08:30:00 GMT f1397696-738c-4295-afcd-943feb885714:397 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=398&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/398/Cubic-to-Spotlight-Jordanian-Training-Systems-During-SOFEX AMMAN, Jordan – May 7, 2012 - Cubic will showcase the advanced training systems it has developed for the Kingdom of Jordan and other Middle Eastern nations during the Special Operations and Homeland Security Exhibition (SOFEX) exhibition from May 7-10 at King Abdullah I Airbase in Jordan. Cubic is a leading supplier of live and virtual training systems in the Middle East and is now extending its capabilities to include computer-based constructive training tools to enable training in all three domains – live, virtual and constructive. Mon, 07 May 2012 08:30:00 GMT f1397696-738c-4295-afcd-943feb885714:398 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=396&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/396/Cubic-Corp-NYSE-CUB-Reports-Record-Earnings-and-Higher-Sales-for-the-Quarter-Ended-March-31-2012 SAN DIEGO, Calif., —  May 3, 2012 — Cubic Corporation (NYSE: CUB) today reported record earnings and higher sales for the quarter ended March 31, 2012.  Sales for the second fiscal quarter were $341.0 million compared to $334.0 million last year, an increase of 2 percent. Net income attributable to Cubic shareholders increased by 22 percent for the second quarter to $24.3 million (91 cents per share) this year compared to $19.9 million (75 cents per share) last year. For the first six months of the fiscal year, sales increased 7 percent to $659.7 million compared to $618.4 million last year. For the six-month period, net income attributable to Cubic shareholders increased by 15 percent to $45.7 million ($1.71 per share) this year compared to $39.9 million ($1.49 per share) last year. Operating income increased by 20 percent in the second fiscal quarter to $33.7 million, compared to $28.0 million last year, and increased 12 percent for the six-month period to $61.9 million compared to $55.2 million last year. Cash flows used in operations for the six-month period were $39.9 million primarily due to expenditures for large transportation contracts in Australia and Canada where customer payments will not be received until certain milestones are reached. Other income for the first six months of the fiscal year included a net foreign currency exchange gain of $2.2 million, before taxes. The effective tax rate increased to 29.2 percent for the six-month period this year compared to 27.7 percent last year. The increase in the effective rate was primarily due to the retroactive reinstatement of the U.S. research and development credit in the first fiscal quarter of 2011, which reduced the income tax provision by $1.5 million for that quarter. In contrast, the expiration of this credit at the end of the first quarter this year increased the effective rate for the six-month period ended March 31, 2012. Total backlog was $3.105 billion at March 31, 2012 compared to $2.837 billion at September 30, 2011. The Company continues to maintain a strong liquidity position, ending the period with $307.2 million in cash, restricted cash and short-term investments, and total debt of only $11.7 million. The Company also announced that it filed its form 10-Q with the Securities and Exchange Commission today. A link to this report may be found at www.cubic.com under “Investor Relations.” Shareholders may also receive a free hard copy upon written request to the Company or by e-mail to Investor.Relations@Cubic.com. Cubic Corporation is the parent company of three major business segments: Cubic Defense Systems, Mission Support Services and Cubic Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services for U.S. and allied military and security forces. Cubic Transportation Systems is the world’s leading provider of automated fare collection systems and services for public transit authorities.  For more information about Cubic, see the company's Web site at www.cubic.com. In addition to historical matters, this release contains forward-looking statements which are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These forward-looking statements involve predictions of future results. Investors are cautioned that forward-looking statements involve risks and uncertainties which may affect the Company's business and prospects. These include the effects of politics on negotiations and business dealings with government entities, economic conditions in the various countries in which the Company does or hopes to do business, competition and technology changes in the defense and transit industries, and other competitive and technological factors. Any statements about the Company’s expectations, beliefs, plans, objectives, assumptions or future events or future financial and/or operating performance are not historical and may be forward-looking. 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 estimates, assumptions and uncertainties. Since actual results or outcomes may differ materially from those expressed in any forward-looking statements made by the Company, investors should not place undue reliance on any forward-looking statements. In addition, past financial and/or operating performance is not necessarily a reliable indicator of future performance and investors should not use the Company’s historical performance to anticipate results or future period trends. Further, any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for the Company to predict which factors will arise. In addition, the Company cannot assess the impact of each factor on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Financial Statements Thu, 03 May 2012 21:00:00 GMT f1397696-738c-4295-afcd-943feb885714:396 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=394&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/394/Cubic-Delivers-Mobile-Combat-Training-Center-to-Jordan SAN DIEGO, Calif. – May 3, 2012 - Cubic Corporation (NYSE: CUB) has completed delivery of a mobile Combat Training Center to the country of Jordan under a $17 million contract. The Foreign Military Sales contract with the Jordanian Armed Forces was made through the U.S. Army’s Program Executive Office for Simulation, Training and Instrumentation (PEO STRI). The agreement includes Multiple Integrated Laser Engagement System Individual Weapons System (MILES IWS) units and units for instrumenting vehicles. In addition, it features an Exercise Control center and an After Action Review center each housed on trailers, allowing the system to be used on training ranges throughout the country. Cubic’s state-of-the-art MILES IWS system uses eye-safe lasers on actual weapons to realistically simulate force-on-force combat, and records what happens for later review. “This is a new capability for the Jordanian Armed Forces,” said Mike Collier, a senior program manager with Cubic Defense Applications (CDA), which makes the systems. “They have never trained force-on-force with MILES before.” After delivering the system, Cubic personnel conducted three weeks of training about how to use it, followed by a week-long training exercise. The contract also specifies on site support and a two year warranty. Cubic executives met with Jordanian officials to mark the delivery of the system. “We are honored that the Jordanian Armed Forces has once again chosen a Cubic training product to enhance the security of the country,” said Brad Feldmann, president of Cubic Defense Applications. “The CTC will be the backbone of its live training program for years to come, and provide interoperability with the U.S. and other allied nations.” Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems, cyber technologies, asset tracking solutions, and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services. Cubic Transportation Systems is the world’s leading provider of automated fare collection systems and services for public transit authorities. For more information about Cubic, see the company's website at www.cubic.com.                                                                  ### Thu, 03 May 2012 08:30:00 GMT f1397696-738c-4295-afcd-943feb885714:394 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=393&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/393/Cubic-Awarded-65-Million-Sydney-Rail-Contract-for-Services SYDNEY, Australia, and SAN DIEGO, Calif., April 24, 2012 -- Cubic Transportation Systems, a business segment of San Diego-based Cubic Corporation (NYSE:CUB), and a leading integrator of payment and information technology and services for intelligent travel solutions, has been awarded, through its Australian division, a three-year contract to provide expanded operations, maintenance of ticketing equipment, infrastructure and delivery of associated services for passenger rail operations in Sydney, Australia’s largest city. The maximum value of the services to be provided by Cubic to RailCorp (Rail Corporation New South Wales) under the contract is expected to be approximately $65 million. The contract includes provisions to be extended with two one-year options for services.   “Cubic is delighted to have been awarded the contract, which not only continues our existing work but also expands the services we provide for RailCorp and its customers,” said Tom Walker, managing director of Cubic Transportation Systems Australasia. “We have enjoyed a long and constructive relationship with RailCorp in Sydney, which we value greatly. Cubic looks forward to working closely with RailCorp to bring improved ticketing services to Sydney commuters.”  Walker said the contract’s service level agreement will ensure that Cubic’s services meet RailCorp’s key goal of continually improving services for customers. It commenced on April 21, 2012, and includes a full range of operations and services for RailCorp’s Automatic Ticketing System. The service level agreement measures system availability and service delivery against key performance indicators to promote continuous improvement and provide “world class” levels of services. Benefits of the new contract are expected to include more efficient and effective management of ticketing, high levels of equipment availability and an improved customer experience. Services provided by Cubic will include all maintenance for Cubic’s ticketing equipment including gates, vending and booking office  machines, network fault monitoring and field service management through a Ticketing Services Control Centre (TSCC), and managing cash services at RailCorp’s CityRail and CountryLink stations. Cubic® Transportation Systems, Inc., is part of Cubic Corporation. Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services. Cubic® Transportation Systems, Inc., is a leading integrator of payment and information technology and services for intelligent travel solutions.  Cubic delivers integrated solutions that help transport operators manage their operations and services and give passengers choices in the smartest and easiest ways to pay their fares.  Cubic specializes in design, development, manufacture, supply, installation, integration, services and information.  Services provided by Cubic include on-site management, central systems, operations support, patron support, business support and field services.   Every year, nearly 10 billion rides are taken worldwide using Cubic payment and information systems. Cubic has delivered over 400 projects in 40 major markets on five continents. Active projects include London; Brisbane (Southeast Queensland) region, Australia; New York/New Jersey region; Washington, D.C. /Baltimore/Virginia region; Los Angeles region; San Diego region; San Francisco region; Minneapolis/St. Paul; Chicago; Atlanta region; Miami (South Florida) region; Vancouver and Edmonton, Canada; Sydney (New South Wales), Australia; and Scandinavia. Cubic Defense Systems is a leading provider of realistic combat training systems, cyber technologies, asset tracking solutions, and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services. For more information about Cubic, see the company's Web site at www.cubic.com. ### Tue, 24 Apr 2012 08:30:00 GMT f1397696-738c-4295-afcd-943feb885714:393 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=392&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/392/Doug-Morse-Joins-Cubic-Transportation-Systems-In-New-Post-Vice-President-Customer-Experience SAN DIEGO, Calif., April 19, 2012 – Cubic Transportation Systems, Inc., a business segment of San Diego-based Cubic Corporation (NYSE:CUB), and a leading integrator of payment and information technology and services for intelligent travel solutions, has named Doug Morse to the new role of vice president, Customer Experience.  A global authority on customer experience and service innovation, Morse assumes responsibility for ensuring that customers worldwide are achieving their goals with Cubic technology and services. “The mass transportation sector is dealing with rapidly changing dynamics, not least in the financial and technological spheres,” said Steve Shewmaker, president, Cubic Transportation Systems Worldwide. “Publicly funded transit systems are under budget scrutiny and control, and are expected to maintain performance levels and respond to a wide range of social and environmental factors with reduced funding. Therefore, for our current service offerings we must continue to deliver excellence on every front, and ensure we meet and exceed our key customer metrics.” Morse also will be responsible for Cubic’s changing services role, which is evolving to help  its customers adapt to and integrate the complexities of new technologies such as smart phones and open payment for their businesses.  “It is a rapidly evolving market,” said Morse, “and Cubic is on a remarkable journey given our expanding technology and offerings that help drive new value for our customers. This is where our next-generation solution Nextcity will be well positioned.”   Morse has over three decades’ experience in customer service, including Fortune 500 companies such as IBM and Oracle.  “The key to success lies in broader and deeper customer relationships, which also acknowledge that the customer is more multi-faceted than previously, with the needs of transit authorities, their patrons and other stakeholders being driven to change at an ever increasing pace. “Cubic already has a reputation for high levels of customer service and I’m delighted to have the opportunity to build on that, ensuring that each customer has a unique and rewarding relationship with our team.” Cubic Corporation (NYSE: CUB) is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic® Transportation Systems, Inc., is a leading integrator of payment and information technology and services for intelligent travel solutions.  Cubic delivers integrated solutions that help transport operators manage their operations and services and give passengers choices in the smartest and easiest ways to pay their fares. Cubic specializes in design, development, manufacture, supply, installation, integration, services and information.  Services provided by Cubic include on-site management, central systems, operations support, patron support, business support and field services.   Every year, nearly 10 billion rides are taken worldwide using Cubic payment and information systems. Cubic has delivered over 400 projects in 40 major markets on five continents. Active projects include London; Brisbane (Southeast Queensland) region, Australia; New York/New Jersey region; Washington, D.C. /Baltimore/Virginia region; Los Angeles region; San Diego region; San Francisco region; Minneapolis/St. Paul; Chicago; Atlanta region; Miami (South Florida) region; Vancouver and Edmonton, Canada; Sydney (New South Wales), Australia; and Scandinavia. Cubic Defense Systems is a leading provider of realistic combat training systems, cyber technologies, asset tracking solutions and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services. For more information about Cubic, see the company's Web site at www.cubic.com.                                                        ### Thu, 19 Apr 2012 08:30:00 GMT f1397696-738c-4295-afcd-943feb885714:392 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=391&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/391/Cubic-Introduces-Account-Based-Open-Payment-Platform-for-Next-Generation-Contactless-AFC-Systems Sets the stage for travelers to be able to use contactless bank cards, student ID and mobile phones as their smart ticket, as well as transit-issued smart cards   SAN DIEGO, Calif. – April 11, 2012 - Cubic Transportation Systems, a leading integrator of intelligent transport systems and services, has introduced Nextaccount, the first of several new products in Cubic’s solution systems portfolio for the next generation of fully integrated Automated Fare Collection (AFC) systems.  The new platform provides the NFC and contactless smart card interface and transit fare processing engine that enable transit operators to give travelers the convenience of using an account to pay for travel or using open payment fare media, such as contactless bank-issued credit, debit and prepaid contactless smart cards, as well as transit-issued smart cards, as their ticket.   Nextaccount will also pave the way for mobile payment and ticketing solutions in transit, giving travelers the ability to pay transit fares directly at the point of travel with Near Field Communications-equipped (NFC) mobile phones.  Further, Nextaccount will collect payment from any other smart card-based “secure token” that is linked to an account such as transit-issued contactless smart cards or employer and student ID cards that conform to the ISO 14443 contactless standard.  “The transit industry is on the verge of a transformation, and Nextaccount creates the ability for transit agencies to continue to reduce their cost of fare collection while improving the traveler and customer experience,” said Matt Cole, Cubic’s senior vice president of Strategy and Business Development.  “This development reflects Cubic’s commitment to leading the evolution of the fare collection industry.” In traditional smart card-based fare payment systems, the transit value resides in a contactless chip inside the transit card, and transactions are managed and tracked on the card.  With account-based payment, the transit value resides in a transit account in Nextaccount, and is accessed via a digital signature read from a transit card by the fare payment system.  Adoption of an account-based system also enables open payment and lets consumers directly use their bank-issued contactless cards to pay for trips.  In this way consumers will pay for transit services just like they pay for any other retail purchase, using their contactless credit or debit cards as they board buses or pass through metro turnstiles, eliminating the extra step of buying a transit fare card or token.  For transit agencies who don’t want to issue their own fare cards, moving to open payment reduces the need to procure, encode, distribute, and support literally millions of magnetic tickets or contactless smart cards. It will also reduce the amount of cash collected, reduce cash handling costs and the associated infrastructure investments, and reduce fraud and fraud management costs. The Nextaccount solution evolved from Cubic’s signature Nextfare platform now in use in many of the world’s major transit systems. Nextfare was the first fare collection system compliant with the industry standards that govern open architecture.  Nextaccount can operate in parallel with an existing Nextfare system or as a standalone solution and provides transit agencies with an easy upgrade path to acceptance of open payments and other account-based instruments. Nextaccount is also the newest product in the Nextcity solutions portfolio, Cubic’s vision of mobility in the future. Through integration of regional transport payments and traveler data, Nextcity will deliver personalized proactive information to citizens so they can make informed travel choices. Nextcity does not require the addition of new infrastructure, instead leveraging existing assets to manage cross-modal demand and set regional pricing across modes.     With more than 20 years of contactless smart card payment experience in the transit industry, Cubic has active open payment projects at the Chicago Transit Authority (CTA), Transport for London (TfL), Vancouver and the Port Authority Transit Corporation (PATCO) system, the first in the world to use transit-branded all contactless Visa prepaid cards. “The Smart Card Alliance’s transit industry members are actively focused on transitioning to account-based and open payment models, and eventually mobile payment that will utilize the same infrastructure as contactless bank card systems,” said Randy Vanderhoof, executive director of the multi-industry non-profit educational organization.  “Cubic’s efforts to smooth this transition are tightly aligned with the direction the market is headed.”     Cubic® Transportation Systems, Inc. is the world's leading turnkey solution provider of automated fare collection systems for public transport including bus, bus rapid transit, light rail, commuter rail, heavy rail, ferry and parking. Cubic's solutions and services include system design, central computer systems, equipment design and manufacturing, device-level software, integration, test, installation, warranty, maintenance, computer hosting services, call center services, card management and distribution services, financial clearing and settlement, multi-application support and outsourcing services.    Every year, nearly 10 billion rides are taken worldwide using Cubic fare collection systems. Cubic has delivered over 400 projects in 40 major markets on five continents. Active projects include London; Brisbane (Southeast Queensland) region, Australia; New York/New Jersey region; Washington, D.C /Baltimore/Virginia region; Los Angeles region; San Diego region; San Francisco region; Minneapolis/St. Paul; Chicago; Atlanta region; Miami (South Florida) region; Vancouver and Edmonton, Canada; Sydney (New South Wales), Australia; and Scandinavia.  For more information about Cubic, see the company's Web site at www.cubic.com      # # # Wed, 11 Apr 2012 08:30:00 GMT f1397696-738c-4295-afcd-943feb885714:391 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=390&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/390/Cubic-Names-New-Corporate-Vice-President-of-Human-Resources SAN DIEGO, California  – April 9, 2012 - Cubic Corporation (NYSE: CUB) has promoted John Schierer to the position of corporate vice president of human resources. Schierer replaces Bernie Kulchin, who has held the position since 1999 and is retiring. Schierer joined Cubic in September, 2011. Schierer has more than 25 years experience as a senior human resources executive. Before joining Cubic, he was vice president of human resources at Cobham Sensor Systems, a manufacturer of microwave devices. Prior to that, he was vice president of human resources at Kyocera America and at Thomas & Betts Corporation. “Cubic has a reputation as one of the great employment choices in San Diego,” Schierer said. “By enhancing employee engagement throughout the organization, we have an opportunity to build an outstanding employment brand all over the world and attract the best and the brightest talent that allows us to extend our success.” Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems, cyber technologies, asset tracking solutions, and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services. Cubic Transportation Systems is the world’s leading provider of automated fare collection systems and services for public transit authorities. For more information about Cubic, see the company's website at www.cubic.com.                                                                                                        ###   Mon, 09 Apr 2012 18:00:00 GMT f1397696-738c-4295-afcd-943feb885714:390 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=389&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/389/PATCO-Pilot-Moves-Into-Phase-Two-Accepting-MasterCard-and-Discover-in-Addition-to-Visa-Contactless-Payment-Cards PATCO Wave & Pay card pilot program introduces Ride Free for 100 Days contest CAMDEN, N.J., April 4, 2012 -- Cubic Transportation Systems, Inc., a business segment of Cubic Corporation (NYSE:CUB) and the integrator of intelligent transport systems and services that created the PATCO Wave & Pay ANYWHERE Visa® Prepaid Card, has announced Phase Two of the open payment pilot program. During Phase two, riders will be able to use a plastic contactless Visa, MasterCard or Discover card, or a virtual card in a mobile wallet, to make secure transit payments at PATCO (Port Authority Transit Corporation) gates and parking terminals. Riders will simply tap their cards and go, paying their PATCO fares with a quick flick of the wrist. Officials from Cubic said the PATCO pilot program is designed not only to speed riders through PATCO’s stations, but also to gain valuable technical information on the best practices for deploying and operating future contactless payment systems in other transit systems. This will include Chicago where Cubic is under contract to deliver open payment. “Cubic is excited about Phase Two of the PATCO pilot,” said Steve Shewmaker, president, Cubic Transportation Systems Worldwide. “This is all about making wallets slimmer and life for the transit agency and their customers even more convenient.” In 2011, PATCO partnered with Cubic Transportation Systems to create the first transit-agency branded, all contactless Visa prepaid card in the world. This was among one of the first times that consumers had been able to use the same transit payment card for both transit and retail purchases. That prepaid payment card, the Wave & Pay ANYWHERE Card, debuted on September 26, 2011, as Phase One of the PATCO pilot program. “We are pleased to continue our partnership with Cubic and Visa on this groundbreaking pilot,” said Delaware River Port Authority (DRPA) CEO and PATCO President John J. Matheussen. “Open payment – combining a transit payment card with a full-service retail payment card – is the future of transit fare collection. The PATCO Wave & Pay ANYWHERE Visa Prepaid Card ensures that all of our riders have access to a new level of payment convenience and security.” During Phase One, PATCO riders could pay all of their PATCO fees with the PATCO branded Wave & Pay card, and then use the same card to pick up a gallon of milk or a loaf of bread on the way home. There has never been an enrollment fee to acquire a Wave & Pay card and take part in the pilot program. Wave & Pay cards are still available for PATCO riders online at www.PATCOpilot.com. Phase Two of the pilot program comes at the same time as Cubic’s Ride Free for 100 Days Contest, open to all PATCO riders. “We want to reward PATCO riders for participating in this pilot, and a contest with several winners is a fun way to do it,” says Cubic’s Steve Brunner, vice president and regional director for the Northeast and Mid-Atlantic. “Everyone with a registered Wave & Pay card is eligible to win, and the more times a PATCO rider taps his or her card at the PATCO gates, the more chances they have to win.” Three lucky PATCO riders will win $600, loaded directly on to their Wave & Pay cards. Prize winners will be selected at the end of March, April and May. PATCO riders who do not yet have a Wave & Pay card can visit www.patcopilot.com/contest and complete the form to get a new card. There is no charge to get a Wave & Pay card, and no credit check is required. Once the new card is registered online, the cardholder is entered into the contest. Customers get a new chance to win every time they use their Wave & Pay cards. PATCO riders who already have a registered Wave & Pay card can enter the contest at the same website, www.patcopilot.com/contest. After the pilot ends, the PATCO Wave & Pay ANYWHERE Visa Prepaid Card will continue to be accepted everywhere Visa debit cards are accepted until the expiration date on the card. To follow the latest news and participate in the discussion, visit blog.PATCOpilot.com, follow the pilot on Twitter@waveNpayPATCO and acebook.com/waveNpay. The PATCO Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. The Bancorp Bank; Member FDIC. ABOUT CUBIC TRANSPORTATION SYSTEMS Cubic Corporation (NYSE: CUB) is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic® Transportation Systems, Inc. is the world's leading turnkey solution provider of automated fare collection systems for public transport including bus, bus rapid transit, light rail, commuter rail, heavy rail, ferry and parking. Cubic's solutions and services include system design, central computer systems, equipment design and manufacturing, device-level software, integration, test, installation, warranty, maintenance, computer hosting services, call centre services, card management and distribution services, financial clearing and settlement, multi-application support and outsourcing services. Every year, nearly 10 billion rides are taken worldwide using Cubic fare collection systems. Cubic has delivered over 400 projects in 40 major markets on five continents. Active projects include London; Brisbane (Southeast Queensland) region, Australia; New York / New Jersey region; Washington, D.C. / Baltimore / Virginia region; Los Angeles region; San Diego region; San Francisco region; Minneapolis/St. Paul; Chicago; Atlanta region; Miami (South Florida) region; Vancouver and Edmonton, Canada; Sydney (New South Wales) , Australia; and Scandinavia. Cubic Defense Systems is a leading provider of realistic combat training systems, cyber technologies, asset tracking solutions, and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services. For more information about Cubic, see the company's website at www.cubic.com. About PATCO and the Delaware River Port Authority The Delaware River Port Authority is a regional transportation agency.  DRPA owns and operates the Benjamin Franklin, Walt Whitman, Commodore Barry and Betsy Ross Bridges, and PATCO.  The DRPA also owns the RiverLink Ferry. About The Bancorp Payment Solutions Group The Bancorp Payment Solutions Group, a division of The Bancorp Bank (“Bancorp”), a wholly owned subsidiary of The Bancorp, Inc. (Nasdaq: TBBK), offers secure, creative and innovative payment solutions to the prepaid card industry. As a leading issuer of prepaid cards, The Bancorp Payment Solutions Group contributes to the success of Fortune 500 companies through the development of cutting-edge prepaid card programs that meet the rapidly changing needs of the prepaid industry.  Through long-standing relationships with the MasterCard, Visa, and Discover card associations, leading program managers and processors, The Bancorp Payment Solutions Group designs innovative and flexible prepaid card programs which deliver outstanding results. For more information about The Bancorp Payment Solutions Group please visit www.thebancorp.com.                                                              ###   Wed, 04 Apr 2012 08:30:00 GMT f1397696-738c-4295-afcd-943feb885714:389 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=387&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/387/Cubic-Corporation-Expands-Corporate-Staff SAN DIEGO, California  – March 23, 2012 - Cubic Corporation (NYSE: CUB) has named Norman Bishop for the newly created position of Director of Corporate Development and Timothy Hill as the Director of Corporate Communications and Public Relations.   Mon, 26 Mar 2012 08:30:00 GMT f1397696-738c-4295-afcd-943feb885714:387 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=386&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/386/Cubic-to-Create-Web-based-Courses-for-Air-Force-Institute-of-Technology COLUMBUS, Georgia – March 6, 2012 - The Mission Support Services segment of Cubic Corporation (NYSE: CUB) has won two contracts to develop distance-learning courses for the Air Force Institute of Technology (AFIT). Located at Wright-Patterson Air Force Base in Ohio, AFIT is the Air Force’s graduate School of Systems and Engineering as well as its institution for technical professional continuing education. Cubic Applications, Inc.’s Omega Training and Education Division, based in Columbus, Georgia, will perform the work for the institute. Under one six-month contract, Cubic will develop an eight-hour web-based Construction Cost Estimating course for the institute’s Civil Engineering School. The course will provide instruction for creating detailed price estimates for a variety of construction projects. “It could be for building anything from a parking lot to building a health care facility, a daycare center or an instructional facility,” said Don Craig, Senior Project Lead with CAI. Under the eight-month second contract, Cubic will use subject matter experts to develop an eight-hour Project Life Cycle course that will be used throughout the Air Force. The generic course will be designed to familiarize those taking it with the product life cycle process, which involves collecting detailed information about the various parts of aircraft or weapons systems so it can be used for maintenance, repair and replacement work.  Cubic Applications, Inc. is part of the Mission Support Services business unit of Cubic Corporation. Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems, cyber technologies, asset tracking solutions and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services. Cubic Transportation Systems is the world’s leading provider of automated fare collection systems and services for public transit authorities. For more information about Cubic, see the company's Web site at www.cubic.com.                                                     ###   Wed, 07 Mar 2012 00:30:00 GMT f1397696-738c-4295-afcd-943feb885714:386 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=384&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/384/Cubic-Wins-New-Force-Modernization-Contract-for-Lithuania KINGSTOWNE, Virginia – Feb. 27, 2012 — Cubic Corporation (NYSE: CUB) has been awarded a new five-year contract to continue its support of force modernization in Lithuania. This U.S. funded Foreign Military Sales effort is a continuation of Cubic’s constructive simulation and force modernization programs in Lithuania, with a primary task being the development of a modern Combat Training Center. The contract, from the U.S. Army’s Robert Morris Acquisition Center, is with the Kingstowne, Virginia-based Defense Modernization Division of Cubic Applications, Inc. CAI is a wholly-owned subsidiary of Cubic Corporation and operates as the lead business entity of Mission Support Services (MSS), Cubic’s military services segment. The contract, for about $3.2 million over five years, extends through April 2016. Under the agreement, Cubic will assist with the design and an equipping plan for an integrated Combat Training Center (CTC) and help stand up the center after its completion. Cubic has been involved with force modernization in Lithuania since 2001, initially assisting its defense staff in the development of a national security strategy analysis. In December 2002, Cubic was awarded a $5 million contract sponsored by the U.S. Army Security Assistance Command to provide professional analysis, technical and staff assistance necessary to support the government of Lithuania in national goals and its efforts to become part of the North Atlantic Treaty Organization. This task was successful and Lithuania was invited to join the Alliance at the 2002 NATO Summit, and has been a contributive member since then. Cubic personnel also have assisted with the implementation and operation of a highly realistic constructive simulation training system -- the Joint Conflict and Tactical Simulation (JCATS) program -- interactive simulation software used by U.S. and NATO forces for training, analysis, mission planning and rehearsal. In addition, Cubic has assisted with defense logistics and contracting, including making major strides toward creating an “acquisition corps” in the Lithuanian Ministry of Defense. Cubic supported Lithuania’s deployment of troops to Afghanistan through mission rehearsal programs and by assisting with logistics support contracting.  “We at Cubic are really proud to have had a partnership with the U.S. and Lithuanian governments these past years, and assisting with significant force development and political-military programs” said Larry Smith, Vice President and General Manager of the Defense Modernization Division. Cubic also has assisted the U.S. and host governments by supporting force modernization or operational efforts in 13 developing countries, mostly in the formerly communist states. Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and support services to U.S. and allied military and security forces. Cubic Transportation Systems is the world’s leading provider of automated fare collection systems and services for public transit authorities.  For more information about Cubic, see the company's Web site at www.cubic.com.                                                                                                                                                ###   Mon, 27 Feb 2012 09:30:00 GMT f1397696-738c-4295-afcd-943feb885714:384 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=383&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/383/Cubic-Transportation-Systems-Names-Ab-Jenkins-As-General-Counsel-and-Secretary SAN DIEGO, Calif. – February 16, 2012 – Cubic Transportation Systems, a subsidiary of Cubic Corporation (NYSE: CUB) and the leading integrator of payment and information technology and services for intelligent travel solutions, has appointed Ab Jenkins as the company’s new general counsel and secretary.   Thu, 16 Feb 2012 09:30:00 GMT f1397696-738c-4295-afcd-943feb885714:383 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=381&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/381/Cubic-Awarded-New-Maritime-Security-Contract-Covering-Ports-in-Mexico-and-Colombia SAN DIEGO, Calif. – February 15, 2012 – Cubic Applications, Inc., a mission support services subsidiary of Cubic Corporation (NYSE: CUB), has received its fourth contract to provide seaport assessments and security training from the Secretariat of the Inter-American Committee Against Terrorism of the Organization of American States (OAS).   Wed, 15 Feb 2012 09:30:00 GMT f1397696-738c-4295-afcd-943feb885714:381 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=380&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/380/Royal-Australian-Air-Force-Super-Hornets-to-Receive-New-Air-Combat-Training-System SAN DIEGO, California – February 14, 2012 -- Cubic Defense Applications, Inc., a defense systems business of Cubic Corporation (NYSE: CUB), has received a new contract valued at more than $11 million. Cubic and its principal subcontractor, DRS Training and Control Systems LLC, a unit of DRS Defense Solutions LLC,  will  provide the P5 Tactical Combat Training System (P5TCTS) to the Royal Australian Air Force for use in training F/A-18F Super Hornet crews. Tue, 14 Feb 2012 09:30:00 GMT f1397696-738c-4295-afcd-943feb885714:380 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=378&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/378/Cubic-Corp-NYSE-CUB-Reports-Higher-Sales-and-Earnings-and-Record-Backlog-for-the-Quarter-Ended-December-31-2011 SAN DIEGO, Calif., —  February 2, 2012 — Cubic Corporation (NYSE: CUB) today reported earnings and sales for the quarter ended December 31, 2011.  Sales for the first fiscal quarter were $318.7 million compared to $284.4 million last year, an increase of 12 percent. Net income attributable to Cubic shareholders increased by 8 percent to $21.4 million (80 cents per share) this year compared to $19.9 million (74 cents per share) last year. Operating income increased by 4 percent in the first fiscal quarter to $28.2 million, compared to $27.2 million last year. Cash flows used in operations were $38.4 million primarily due to increases in accounts receivable caused by increased sales. Other income in the first quarter this year included a net foreign currency exchange gain of $1.9 million, before taxes. The effective tax rate increased to 29.1 percent for this fiscal quarter compared to 27.0 percent for the same quarter last year. The increase in the effective rate was primarily due to the retroactive reinstatement of the U.S. research and development credit in 2010, which reduced the income tax provision by $1.5 million for the quarter ended December 31, 2010. In contrast, the expiration of this credit during this fiscal year increased the effective rate for the quarter ended December 31, 2011. Total backlog was a record high $3.184 billion at December 31, 2011 compared to $2.837 billion at September 30, 2011, the Company’s previous high backlog. During the quarter ended December 31, 2011, Cubic Transportation Systems signed a contract with the Chicago Transit Authority (CTA) to design, build, operate and maintain CTA’s next-generation open payment fare system which added $454 million to backlog as of December 31, 2011. The company continues to maintain a strong liquidity position, ending the period with $308.0 million in cash and short-term investments, and total debt of only $11.8 million. The Company also announced that it filed its form 10-Q with the Securities and Exchange Commission today. A link to this report may be found at www.cubic.com under “Investor Relations.” Shareholders may also receive a free hard copy upon written request to the Company or by e-mail to Investor.Relations@Cubic.com. Cubic Corporation is the parent company of three major business segments: defense systems, mission support services and transportation systems. Cubic Defense Systems is a leading provider of realistic combat training systems and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services for U.S. and allied military and security forces. Cubic Transportation Systems is the world’s leading provider of automated fare collection systems and services for public transit authorities.  For more information about Cubic, see the company's Web site at www.cubic.com. In addition to historical matters, this release contains forward-looking statements which are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These forward-looking statements involve predictions of future results. Investors are cautioned that forward-looking statements involve risks and uncertainties which may affect the Company's business and prospects. These include the effects of politics on negotiations and business dealings with government entities, economic conditions in the various countries in which the Company does or hopes to do business, competition and technology changes in the defense and transit industries, and other competitive and technological factors. Any statements about the Company’s expectations, beliefs, plans, objectives, assumptions or future events or future financial and/or operating performance are not historical and may be forward-looking. 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 estimates, assumptions and uncertainties. Since actual results or outcomes may differ materially from those expressed in any forward-looking statements made by the Company, investors should not place undue reliance on any forward-looking statements. In addition, past financial and/or operating performance is not necessarily a reliable indicator of future performance and investors should not use the Company’s historical performance to anticipate results or future period trends. Further, any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for the Company to predict which factors will arise. In addition, the Company cannot assess the impact of each factor on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Financial Statements   Thu, 02 Feb 2012 22:32:00 GMT f1397696-738c-4295-afcd-943feb885714:378 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=375&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/375/US-Air-Force-Awards-Cubic-New-Air-Combat-Training-System-Contract SAN DIEGO, California – February 2, 2012 – Cubic Defense Applications, a defense systems business of Cubic Corporation (NYSE: CUB), has been awarded a new contract with a value of over $30 million for its  P5 Combat Training System/Tactical Combat Training System (P5CTS/TCTS). This new contract provides additional equipment for the Red Flag Alaska exercise and equipment for the Red Flag Nellis exercises. Thu, 02 Feb 2012 09:30:00 GMT f1397696-738c-4295-afcd-943feb885714:375 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=377&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/377/Cubic-Names-New-VP-General-Counsel-and-Corporate-Secretary SAN DIEGO, Calif. – February 2, 2012 – The Cubic Corporation (NYSE: CUB) Board of Directors has unanimously selected James R. Edwards as the company’s new Vice President, General Counsel and Corporate Secretary, effective January 31, 2012. Edwards had previously served as senior vice president, general counsel and secretary of the company’s Transportation Group, and assistant general counsel and assistant secretary of Cubic Corporation. Edwards replaces William Hoese, who is retiring. Thu, 02 Feb 2012 09:30:00 GMT f1397696-738c-4295-afcd-943feb885714:377 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=376&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/376/Cubic-Global-Tracking-Solutions-mist-Technology-Receives-Algorithm-Validation-by-NIST VIENNA, Virginia – February 1,  2012 - Cubic Global Tracking Solutions, the asset visibility solutions provider of Cubic Corporation (NYSE: CUB), received cryptographic algorithm validations from the National Institute of Standards and Technology (NIST) for the company’s mist™ technology that is utilized in Cubic’s mesh asset tags, mobile mesh gateways and fixed mesh gateways. Tue, 31 Jan 2012 09:30:00 GMT f1397696-738c-4295-afcd-943feb885714:376 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=374&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/374/Cubic-Global-Tracking-Solutions-Selects-Vice-President-of-Engineering-Operations Appointment of James Kilfeather adds industry expertise and strong background to leadership team VIENNA, Virginia – January 23, 2012 - Cubic Global Tracking Solutions, the asset visibility solutions provider of Cubic Corporation (NYSE: CUB), recently appointed Jim Kilfeather to the newly created position of Vice President of Engineering and Operations. Kilfeather’s major responsibilities will include managing the day-to-day operations of the Engineering Department for Cubic Global Tracking Solutions, and overseeing software development, engineering and information technology. Kilfeather brings over 26 years of experience leading multidisciplinary teams in developing and deploying advanced wireless and satellite communications systems, and the supporting IT infrastructure for mission critical systems. Additionally, he helped scale those systems to meet growing demand and performance requirements.  Previously, he held management positions at SkyBitz Incorporated, Andrew Corporation, Booz Allen, and Orbital Sciences Corporation, as well as serving in the U.S. Air Force. His expertise in Global Navigation Satellite Systems (GNSS) and their related technologies is documented in several patents involving GPS signal exploitation, ambiguity resolution, unique code-phase measurement and geo-location techniques. “I am eager to come on board Cubic Global Tracking Solutions. In accepting this position, I can integrate my past experience into this new leadership role and help Cubic Global Tracking Solution become a leading asset visibility systems provider in the United States and around the world,” Kilfeather said.  “We are fortunate to have Jim join our team and lead our Engineering and Operations organization. He is a highly accomplished engineering executive and his strong background in global geo-location and messaging systems, broadband communications networks, satellite earth stations, optimized terrestrial cellular systems, large-scale enterprise IT systems and data centers will assist Cubic Global Tracking Solutions as we continue to grow our business in new and existing markets,” said Mary Ann Wagner, President of Cubic Global Tracking Solutions. About Cubic Global Tracking Solutions Cubic Global Tracking Solutions is a provider of asset-visibility systems and services. Cubic’s secure asset monitoring solutions provide ongoing situational awareness across an enterprise, and require limited or no infrastructure. About Cubic Corporation Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems, cyber technologies, asset tracking solutions, and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services for U.S. and allied military and security forces. Cubic Transportation Systems is the world’s leading provider of automated fare collection systems and services for public transit authorities. For more information about Cubic, see the company's website at www.cubic.com.           # # # Mon, 23 Jan 2012 09:30:00 GMT f1397696-738c-4295-afcd-943feb885714:374 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=373&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/373/Cubic-Transportation-Systems-Names-Mari-McAvoy-to-New-Post-of-Vice-President-Worldwide-Human-Resources Company’s growth drives need for new position SAN DIEGO, Calif., January 20, 2012 – Cubic Transportation Systems, Inc., a subsidiary of Cubic Corporation (NYSE:CUB), has named Mari McAvoy to the newly created position of Vice President, Worldwide Human Resources.  The company created the position to support the high growth levels it has achieved in recent years. In 2011, the number of CTS employees increased by 10 percent to 1,600 around the world, and that trend is expected to continue. Prior to her new position, McAvoy was HR director in charge of all North American HR activities. “Mari’s advancement aligns with the increased sales, projects and innovations that continue to drive Cubic’s growth,” said Steve Shewmaker, president, Cubic Transportation Systems Worldwide. “Through Mari’s remarkable career track and her hard work and education, we recognize and congratulate her on her rise within our dynamic organization.” McAvoy began her career at Cubic in 1995, working in the procurement and human resources departments. She later studied HR management at San Diego State University and earned a degree in organizational leadership from Chapman University.  McAvoy is involved in a number of community outreach and volunteer activities, most notably Susan G. Komen for the Cure for breast cancer and Big Brothers Big Sisters of San Diego County, through which she mentors an 8-year-old girl. McAvoy was Cubic Transportation Systems’ recipient for the 2005 YWCA Tribute to Women in Industry (TWIN) award.  Contributing to Cubic’s growth have been recent major contract wins, including London, Sydney, Vancouver and Chicago, as well as customer milestones that include the open-payment pilot program for the PATCO commuter rail line that runs from South New Jersey to Philadelphia and the 142 percent growth in active Clipper Cards from 2010 to 2011, as recently reported by the Metropolitan Transit Commission in the San Francisco Bay Area.  Cubic Corporation (NYSE: CUB) is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic® Transportation Systems, Inc., is the world's leading turnkey solution provider of automated fare collection systems for public transport including bus, bus rapid transit, light rail, commuter rail, heavy rail, ferry and parking. Cubic's solutions and services include system design, central computer systems, equipment design and manufacturing, device-level software, integration, test, installation, warranty, maintenance, computer hosting services, call centre services, card management and distribution services, financial clearing and settlement, multi-application support and outsourcing services. Every year, nearly 10 billion rides are taken worldwide using Cubic fare collection systems. Cubic has delivered over 400 projects in 40 major markets on five continents. Active projects include London; Brisbane (Southeast Queensland) region, Australia; New York/New Jersey region; Washington, D.C./Baltimore/Virginia region; Los Angeles region; San Diego region; San Francisco region; Minneapolis/St. Paul; Chicago; Atlanta region; Miami (South Florida) region; Vancouver and Edmonton, Canada; Sydney (New South Wales), Australia; and Scandinavia. Cubic Defense Systems is a leading provider of realistic combat training systems, cyber technologies, asset tracking solutions, and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services. For more information about Cubic, see the company's Web site at www.cubic.com.                                                                                ### Fri, 20 Jan 2012 15:50:00 GMT f1397696-738c-4295-afcd-943feb885714:373 http://www.cubic.com/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=372&PortalID=0&TabID=295 http://www.cubic.com/News/Press-Releases/ID/372/Cubics-Bay-Area-Transit-Customer-Tops-One-Million-Contactless-Smart-Cards SAN DIEGO, Calif. - January 19, 2012– The Bay Area-based Metropolitan Transit Commission has surpassed one million active Clipper® cards in circulation just 18 months after rebranding the card from TransLink to Clipper, making the contactless smart card fare collection system one of the fastest growing in the U.S. transit industry. In making the announcement, the agency credited the increasing number of participating transit operators as well as their collective customer education efforts for driving the growth, up 142 percent from the prior year. Cubic Transportation Systems, a subsidiary of San Diego-based Cubic Corporation (NYSE: CUB) delivered and operates the Clipper system. Thu, 19 Jan 2012 09:30:00 GMT f1397696-738c-4295-afcd-943feb885714:372