Cubic Corporation Receives Contract for Air Force’s
Multi-Platform Common Data Link Program

SAN DIEGO, Calif., March 10, 2003--Cubic Corporation (AMEX:CUB) announced it has received a contract to supply a remote antenna system for the U.S. Air Force’s next generation Multi-Platform Common Data Link (MP-CDL) program. The MP-CDL is a cooperative U.S. Air Force and U.S. Army program.

Under the $3.1 million contract from L-3 Communications (NYSE:LLL), Cubic is providing a remote high tech antenna system, comprised of two Ku and X band antennas.

This data link will be deployed on the Air Force’s and Army’s new intelligence, surveillance and reconnaissance programs. The MP-CDL will be the first fully networked CDL the military has deployed, with the capability to communicate from the aircraft to as many as 30 ground stations at one time.

Cubic’s system will be integrated with L3’s modem and delivered to the Air Force’s Aero Systems Center at Wright-Patterson AFB in Dayton, Ohio in March 2005.

“Cubic is committed to staying ahead of the technology curve,” said Cubic President and CEO Walter J. Zable. “Cubic is winning new business and strategically significant contracts in the growing space of network centric warfare.”

“Cubic has enjoyed a solid reputation for its jam-proof surveillance and control data link (SCDL) for the Joint STARS program. We are happy to be part of this ‘next generation’ CDL program,” said Rick Lober, Senior VP of Cubic's Communications Business Unit.

Data links are used to transfer intelligence data–such as positions of troops behind enemy lines– from surveillance aircraft to analysts on the ground. The airborne MP-CDL can be used to relay information from one aircraft to another or to ground stations in the network.

The Cubic Defense Applications group, one of Cubic's two major segments, provides realistic combat training systems for military forces as well as simulation, force modernization, educational services, operations & maintenance and manufacturing services. The group also supplies products and systems for C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance & Reconnaissance) applications, search and rescue avionics and radio communications for military and civil markets. The corporation's other major segment, Cubic Transportation Systems, designs and manufactures automatic fare collection systems for public mass transit authorities.

For more information about Cubic, see the company's website at www.cubic.com.