SAN DIEGO, Calif. – October 7, 2004 -- Cubic Defense Applications, the defense segment of Cubic Corporation (AMEX: CUB), announced it has received a $6 million contract award from Raytheon/Lockheed Martin Javelin Joint Venture (the “Joint Venture”) for the production of 156 Javelin Field Tactical Trainers (FTT). This latest award represents the fourth contract for Cubic's Simulation Systems Division (SSD) for production of these Javelin devices.

Javelin is the U.S. Army’s premier man-portable, fire-and-forget anti-tank missile system. The Javelin FTT is a MILES-compatible, shoulder launched, anti-tank guided weapon trainer designed for both range and force-on-force training. It incorporates a directed MILES laser system with a tactical Command Launch Unit to provide cost- effective training for U.S. Army Javelin gunners. Use of these training devices is key to the Army’s tactical missile program, allowing first time gunners to achieve a 90 percent successful hit ratio when firing the tactical missile.

Terry Kohl, vice president and general manager of Cubic’s Simulation Systems Division, said, “SSD is extremely pleased to be providing FTT training devices for the Joint Venture and the U.S. Army, particularly during this time of heightened threats to our nation. Our history of providing high quality, cost effective, on-time delivery of Javelin training systems contributed to the company’s win of this competitive program.”

Cubic Defense Applications provides realistic combat training systems for military forces, as well as mission support services for training and exercises, modeling and simulation, force modernization, leadership development, web-based learning solutions, and operations and maintenance services. The group also supplies products and systems for C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance and 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 Web site at www.cubic.com.