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Cubic Wins Major Contract to Support Air Combat Training Missions in Asia-Pacific Region; U.S. Air Force Contract Has Potential Value of $54 Million over 10-Year Period


SAN DIEGO, Apr 6, 2004 (BUSINESS WIRE) -- Cubic Defense Applications, the
defense segment of Cubic Corporation (AMEX: CUB), has won a contract with a
potential value of $54 million to provide full-service support and equipment for
Pacific Air Forces (PACAF) air combat training missions. The Operations and
Sustainment (OS) contract, awarded by the U.S. Air Force, includes an initial
six-month base period of $2.2 million and nine one-year options.

Under the contract, Cubic will have complete responsibility for the performance
of the Misawa-Osan-Kunsan-Kadena Instrumentation Training System (MOKKITS). This
includes management, labor, hardware and software systems, engineering and
maintenance for the system.

MOKKITS supports training at Kadena AB and Masawa AB, Japan; Osan AB and Kunsan
AB, Korea; and other locations within the PACAF area of operations. The system
supports single-service, bilateral, joint and combined forces missions.

The system builds on the technologies Cubic developed for the Kadena
Instrumented Training System, or KITS, which went operational in 1997 with the
18th Air Wing at Kadena Air Base, Okinawa. KITS was the U.S. military`s first
GPS-based rangeless air combat training system.

The MOKKITS contract calls for a 300 percent increase in aircrew debriefing
support over the original KITS contract.

"We are extremely pleased to continue our association with PACAF and support the
vital training of U.S. and allied forces," said Don Jacobs, vice president of
Cubic`s Air Combat Training Programs. "I`m also very proud of the Cubic
employees whose efforts have laid the groundwork for our success."

MOKKITS is completely portable, allowing training flights to be flown anywhere
there is suitable airspace, over land or sea. At the heart of the system are the
instrumentation pods, typically mounted on a wingtip weapon station, which
contain electronics that record and calculate simulated firings of weapons and
"kill" messages. The information can be viewed in near real-time via a data link
to the ground-based display systems.

"The system simulates combat missions as close as possible to the `real thing`
in a variety of scenarios. This gives our forces the skills they need to survive
actual combat," said Keith Shean, senior program manager for MOKKITS.

The MOKKITS system also supports exercises at temporary sites in Singapore
(Commando Sling), Guam (Cope North); Thailand (Cope Tiger); as well as Large
Force Exercises and Dissimilar Air Combat Training.

Work on the contract will begin immediately.

The Cubic Defense Applications group, one of Cubic`s two major segments,
provides realistic combat training systems for military forces as well as
simulation training, force transformation assistance, educational services,
operations and 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. Cubic
Corporation`s other major segment, Cubic Transportation Systems, designs and
manufactures electronic ticketing 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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