SAN DIEGO, Calif., Aug. 16, 2007 – Cubic Corporation (AMEX: CUB) today announced its Board of Directors approved a regular semi-annual dividend of 9 cents per share. The dividend will be payable on September 14th, 2007, to shareholders of record at the close of business on August 24th, 2007. Cubic has paid uninterrupted semi-annual dividends for more than 30 years.

Cubic Corporation is the parent of two major segments: transportation and defense. The Cubic Transportation Systems group provides state-of-the-art mass transit solutions used by commuters around the globe. The Cubic Defense Applications group develops and integrates mission critical systems and services for warfighters at home and in the field.