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( BW)(CA-CUBIC)(CUB) Cubic Wins $12 Million Contract to SupplyLaser-Based Combat Training System to Army Business Editors SAN DIEGO, Calif.--(BUSINESS WIRE)--Dec. 23, 2002--Cubic Corp.(AMEX:CUB) has won a contract valued at $12 million to supply itsnew-generation laser-based combat training system to the U.S. Army. Tec-Masters Inc., of Huntsville, Ala., awarded the contract toCubic Defense Applications under its contract with the Army´s ProgramExecutive Office for Simulation, Training and Instrumentation (PEOSTRI). The purpose of the award is to support a Stryker BrigadeRotation from Fort Lewis, Wash., to the Joint Readiness TrainingCenter at Fort Polk, La. Cubic´s next-generation Multiple Integrated Laser EngagementSystem (MILES) allows troops to fire laser infrared "bullets" from thesame weapons and vehicles that they would use in actual combat."Hits," "misses" or "kills" are then recorded, replayed and analyzedin detail during after-action reviews, where participants can reviewtheir performance after the training exercises. Deliveries of the MILES equipment will begin next February andlast through April 2003. The shipments will include helmets and torsovests equipped with laser detectors, and Small Arms Transmittersdesigned for mounting on rifles, machine guns and heavy machine guns.Cubic will also deliver a quantity of Controller Devices, whichtraining exercise observer-controllers use to transfer training eventdata and to provide exercise participants with ammunition reloads andreset and resurrect commands after a casualty assessment. "This continues the fielding of a product that provides superiorcombat training," said Ray Barker, senior vice president of BusinessDevelopment for the Cubic Defense Applications group. "Cubic´s MILESsystem is smaller and lighter in weight than legacy systems currentlyused at many military installations, and offers improved fidelity forforce-on-force training exercises, which ultimately leads to improvedcombat readiness and, most importantly, results in saved lives for ourmen and women in uniform." Background Information: The Cubic Defense Applications Group, one of Cubic Corp.´stwo major segments, produces instrumented air and ground combattraining systems, battle command training, analyses and studies, andsimulations and simulation support for U.S. and allied militaryforces. The group also produces high technology avionics, data linksand communications products for government and commercial customers,and a wide range of technical and logistics services. Thecorporation´s other major segment, Cubic Transportation Systems,designs and manufactures automatic fare collection systems for publicmass transit authorities. For more information about Cubic, see thecompany´s Web site at www.cubic.com. --30--jv/sd* ts/sd CONTACT: Cubic Corp. Jan Stevens, 858/505-2174 jan.stevens@cubic.com or Kelly Williams, 858/505-2378 Kelly.Williams@cubic.com KEYWORD: CALIFORNIA ALABAMA INDUSTRY KEYWORD: AEROSPACE/DEFENSE COMPUTERS/ELECTRONICS GOVERNMENT HARDWARE SOFTWARE SOURCE: Cubic Corp. |
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| aus der Diskussion: | aggressiv kaufen |
| Autor (Datum des Eintrages): | frank55 (23.12.02 21:50:30) |
| Beitrag: | 58 von 135 (ID:8167030) |
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