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Cubic Wins 10-Year $525 Million Contract to Develop Next-Generation Air Combat Training System; System to Support U. S. Air Force, Navy, Marine Corps and Air National Guard Forces


SAN DIEGO, Jun 6, 2003 (BUSINESS WIRE) -- Cubic Defense Applications, the
defense segment of San Diego-based Cubic Corp. (AMEX: CUB), today announced it
has won a 10-year contract with a ceiling value of $525 million to develop and
deliver the next-generation rangeless air-to-air and air-to-ground combat
training system.

Under the P5 Combat Training System (P5CTS) indefinite delivery, indefinite
quantity contract, Cubic will be the single contractor providing new technology
for a total of 27 Air Force, Navy, Marine Corps and Air National Guard training
ranges in the U.S., Europe and the Pacific. IDT Metric Systems is a major
subcontractor, providing the airborne instrumentation to collect and process
in-flight data for post mission debrief.

With P5CTS, the Navy will be able to conduct at-sea instrumented training from
aircraft carriers for the first time. An initial $8 million to $10 million
delivery order is expected to be awarded immediately.

"P5CTS continues Cubic`s 30 year legacy as the world leader in air combat
training. The broad scope and 10-year duration of this contract provide the
opportunity for new technology insertion and capability expansion as additional
training requirements emerge," said Gerald Dinkel, president and CEO of Cubic
Defense Applications. "This system will significantly increase U. S. training
effectiveness and, importantly, will improve the ability of our forces to
jointly train with coalition partners."

As the prime contractor, Cubic will provide overall program management, systems
engineering and integration, as well as ground processing, display and
debriefing. A key element of P5CTS is Cubic`s Individual Combat Aircrew Display
System (ICADS), which allows pilots to debrief training missions on PCs or
laptop computers.

"The system includes a long-range datalink, allowing the exercise to be
monitored and controlled on the ground or from the aircraft carrier, even before
the actual debrief," said Philip J. Fisch, Cubic`s director of business
development for training systems.

Cubic Defense Applications, one of Cubic Corp.`s two major segments, provides
realistic combat training systems for military forces, as well as simulation,
force modernization, educational services, 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.
 
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Autor (Datum des Eintrages): frank55  (06.06.03 17:36:10)
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