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Cubic Named One of San Diego`s Best Overall Places to Work


SAN DIEGO, Feb 21, 2002 (BUSINESS WIRE) -- You could credit the corporation`s
clubs for skiers, photographers, golfers and others, and a company store that
sells and delivers flowers on Valentine`s Day. Or perhaps it`s progressive
health benefits choices, such as long-term care, or the "9-80" work schedule
that gives employees every-other Friday off. San Diego-based Cubic Corp.
(AMEX: CUB) has been recognized by the Work-Life Coalition of San Diego as one of
the city`s top three 2002 "Leaders in Work-Life."

Cubic and the University of California San Diego were runners up to Cox
Communications in the coalition`s "Best Overall Place to Work" category for
companies with 500 or more employees. Cubic and 75 other San Diego organizations
were questioned in detail by the coalition on work-life policies, programs and
practices in the largest work-life survey conducted in the area. Top performers
received the Work-Life Coalition of San Diego`s "Leaders in Work-Life" awards.

"The topic of work-life balance has received considerable attention over the
last few years, and the events of September 11 have made this issue more
salient," said Virginia Byrd, president of Work-Life Coalition of San Diego.
"Many individuals are re-examining their priorities, and many are finding a need
to live a more balanced life," she added.

Cubic was one of the top three finalists in several categories: "Best General
Benefits," which includes medical and 401K plans; "Best Wellness Program," which
includes employee assistance, health club benefits and health education
seminars; "Best Eldercare Program," a benefits area that includes providing
resources and referral and long-term care insurance; and "Best Corporate
Work-Life Culture," which includes casual dress, and services such as an onsite
company store. (Cubic`s employee store offers drycleaning, film processing, and
travel and ticket discounts for more than 75 attractions, hotels and events in
Southern California. The company also encourages and organizes community
involvement events, generating major participation in charity walks, runs and
other fundraisers.)

"We are delighted and proud to receive this honor," said Cubic Human Resources
Director Barbara Abelin. "Creating human resources programs that meet the
changing needs of the workforce is a challenge for any company, particularly a
company like ours, which just celebrated its 50th anniversary and rarely takes
time to appreciate the things that make it progressive or innovative."

Over the years, the company has implemented a number of new benefits. "And what
we`ve learned is that the benefits that often mean the most to employees come at
little or no cost," Abelin said.

Cubic Corp., founded in 1951 by Walter J. Zable, who is still president and CEO,
is parent to two major segments, transportation and defense. The Cubic
Transportation Systems Group designs and manufactures automatic fare collection
systems for public mass transit, including rail and buses throughout the world.
The Cubic Defense Group provides instrumented air and ground combat training
systems, battle command training simulations, and simulation support for U.S.
and allied military forces. The Group also produces high technology avionics,
data links and communications products for government and commercial customers
and provides a wide range of technical and logistics services. For more
information about Cubic, see the company`s Web site at www.cubic.com.
 
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