U.S. Marine Corps Awards Contract to Cubic Corporation (CUB) for Security Cooperation Education
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The U.S. Marine Corps has awarded Cubic Applications, Inc., a wholly owned subsidiary of San Diego-based Cubic Corporation (NYSE: CUB), a new contract with a potential value of $31.7 million to continue training U.S. advisors to support the training of Iraqi and Afghan security forces.
Cubic's new Security Cooperation and Education Training Center (SCETC) contract for Marine Corps advisor training has an initial four-month base year of approximately $1.5 million, with multiyear options through Dec. 2012. This is a follow-on to an existing two-year modification to Cubic's MAGTF (Marine Air Ground Task Force) Training Systems Support (MTSS) contract, which Cubic also recompeted and won in May 2008.
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