Cubic (CUB) Gets New Contract for Force Modernization in Lithuania
Tweet
Share
E-mailGet Alerts CUB Hot Sheet
Join SI Premium – FREE
Cubic Corporation (NYSE: CUB) has been awarded a new five-year contract to continue its support of force modernization in Lithuania.
This U.S. funded Foreign Military Sales effort is a continuation of Cubic's constructive simulation and force modernization programs in Lithuania, with a primary task being the development of a modern Combat Training Center.
The contract, from the U.S. Army's Robert Morris Acquisition Center, is with the Kingstowne, Virginia-based Defense Modernization Division of Cubic Applications, Inc. CAI is a wholly-owned subsidiary of Cubic Corporation and operates as the lead business entity of Mission Support Services (MSS), Cubic's military services segment.
The contract, for about $600,000 a year, extends through April 2016. Under the agreement, Cubic will assist with the design and an equipping plan for an integrated Combat Training Center (CTC) and help stand up the center after its completion.
This U.S. funded Foreign Military Sales effort is a continuation of Cubic's constructive simulation and force modernization programs in Lithuania, with a primary task being the development of a modern Combat Training Center.
The contract, from the U.S. Army's Robert Morris Acquisition Center, is with the Kingstowne, Virginia-based Defense Modernization Division of Cubic Applications, Inc. CAI is a wholly-owned subsidiary of Cubic Corporation and operates as the lead business entity of Mission Support Services (MSS), Cubic's military services segment.
The contract, for about $600,000 a year, extends through April 2016. Under the agreement, Cubic will assist with the design and an equipping plan for an integrated Combat Training Center (CTC) and help stand up the center after its completion.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Protolabs names Sam Ramahi as chief operations officer
- KOMO anchors vote to end SAG-AFTRA union representation
- Qiagen names Jonathan Pratt as CEO, replacing Thierry Bernard
Create E-mail Alert Related Categories
Corporate NewsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
