About Cubic Corporation
Cubic is a market-leading, technology provider of integrated solutions that increase situational understanding for transportation, defense C4ISR and training customers worldwide to decrease urban congestion and improve the militaries’ effectiveness and operational readiness. Cubic Transportation Systems is a leading integrator of payment and information technology and services to create intelligent travel solutions for transportation authorities and operators. Cubic Mission Solutions provides networked Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) capabilities for defense, intelligence, security and commercial missions. Cubic Global Defense is a leading provider of live, virtual, constructive and game-based training solutions, special operations and intelligence for the U.S. and allied forces. For more information about Cubic, please visit the company’s website at www.cubic.com or on Twitter @CubicCorp.
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Cubic Global Defense to receive over $185 million contract award under Lockheed Martin’s Army TADSS ATMP
SAN DIEGO – March 20, 2018 – Cubic Corporation (NYSE: CUB) today announced that its Cubic Global Defense (CGD) business division was included in Lockheed Martin’s (NYSE: LMT) winning team that was awarded a seven-year, $3.53 billion contract for U.S. Army Training Aids, Devices, Simulators and Simulations (TADSS) Maintenance Program (ATMP). This contract, awarded by the Army Contracting Command – Orlando, in support of the U.S. Army Program Executive Office for Simulation, Training and Instrumentation (PEO STRI), will sustain more than 300,000 fielded, including live-fire ranges and instrumentation systems worldwide.
Cubic will receive more than $185 million with substantial additional over-and-above work likely to sustain TADSS across the live, virtual, constructive and gaming (LVC-G) domains at multiple locations supporting the Army’s readiness at home stations and Combat Training Centers (CTCs). Cubic will be responsible for global operations supporting 21 locations across 10 states and three countries with more than 500 personnel. The ATMP program will support over 61 different types of training aides and devices to include Cubic’s man-worn Multiple Integrated Laser Engagement System (MILES) and Home station Instrumented Training System (HITS).
“We are honored to be part of this winning team with Lockheed Martin. Delivering integrated and effective training solutions to enhance operational performance and mission readiness are at the core of our NextTrainingTM strategy,” said Dave Buss, president of Cubic Global Defense. “We look forward to working closely with Lockheed Martin and other partners included in this program to improve operational availability of the Army’s TADDS in the critical role of training Soldiers worldwide.”
“We are proud of the trust and confidence the Army has placed in Lockheed Martin, along with Cubic, to execute the ATMP program,” said Amy Gowder, general manager and vice president, Lockheed Martin Training and Logistics Solutions. “Our combined knowledge and expertise differentiated us from the competition and allows us to bring next-generation maintenance and sustainment to Army TADSS.”
ATMP allows maintainers to use mobile devices with advanced management information technology to efficiently and effectively track and maintain a wide range of training systems. This allows the Army to have maximum operational awareness and make informed decisions using on-demand access to accurate, complete and timely data.
Lockheed Martin is the prime contractor of the award with Cubic being a major subcontractor. Cubic will begin its five-month phase-in with full performance anticipated to commence on October 31, 2018.