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Cubic Receives $21 million Option Award from SPAWAR for U.S. Navy`s Communications Data Link System Value to San Diego-Based Team May Reach $93 million as Options Are Exercised to Support Network-Centric Warfare SAN DIEGO, Mar 30, 2004 (BUSINESS WIRE) -- Cubic Defense Applications, the defense segment of Cubic Corporation (AMEX: CUB), has received a $20.650M contract option award from the U.S. Navy`s Space and Naval Warfare Systems Command (SPAWAR) for the Navy`s Communications Data Link (CDL) System. The CDL System Block 1 is a wideband Common Data Link for the transmission of signal and imagery intelligence data between national/tactical reconnaissance aircraft and Navy surface ships. The contract option includes orders for seven CDL Systems, test fixtures, spares and engineering services. "This contract award comes immediately after a successful design performance test and critical design review completed in January 2004," said Rick Lober, senior vice president and general manager for Cubic`s Communications & Electronics Business Unit. "Shipboard installation of the CDL System will begin in 2005 and continue throughout the next several years. The award of this first major option within the contract validates the Navy`s confidence in Cubic to deliver these critical systems for major ships which will lead to true `network centric` warfare capabilities," he added. In 2003, Cubic received the initial contract award for the development, manufacture, enhancement, maintenance, and system test and evaluation of the CDL systems. This option award represents the first of four options which, if fully exercised, would bring the total contract value to $93 million. Cubic formed a strong San Diego-based team, including ViaSat, Inc. and AMSEC LLC to deliver a system using state-of-the-art programmable radio, reduced sized antenna and secure data technology. The resulting system will yield significant operational improvements and life-cycle cost reductions compared to current shipboard data link systems in use today. The system is now being promoted for future classes of surface and subsurface ships, along with a tactical version of the system suitable for airborne and ground-based platforms within all armed services. 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 and 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. SOURCE: Cubic Corporation |
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| aus der Diskussion: | aggressiv kaufen |
| Autor (Datum des Eintrages): | frank55 (30.03.04 17:55:17) |
| Beitrag: | 111 von 135 (ID:12598183) |
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