Cubic Corporation (NYSE:CUB) today announced the appointment of Min Wei as senior vice president and chief customer officer. Wei will be responsible for leading a new customer experience function that combines Cubic’s global quality, configuration management, logistics support and customer experience. He will also be a catalyst to further drive organizational alignment related to Cubic’s first strategic priority, Winning the Customer, which is critical to Cubic’s purpose of making a positive difference in people’s lives. The customer experience function will advocate for Cubic’s customers, enable quality engineering as well as manage all releases and deployments of products and services, while serving as the backstop for any issues. Wei will report to Chairman, President and Chief Executive Officer Bradley H. Feldmann.
Cubic Corporation (NYSE: CUB) today announced that it has entered a partnership agreement with the University of Alabama in Huntsville (UAH) College of Nursing to use the Learning and Technology Resource Center’s (LTRC) Human Patient Simulator iStan to test an emergency ventilator device the company is developing in anticipation of ventilator shortages arising from the COVID-19 pandemic. Cubic’s Huntsville operations is the main development and manufacturing facility for its Cubic Mission Solutions business division’s GATR satellite communication and networking systems.
Cubic Corporation (NYSE:CUB) today announced its Cubic Mission Solutions (CMS) business division was awarded a contract by the Defense Information Systems Agency (DISA) to continue operating DISA’s Unified Video Dissemination System (UVDS) architecture and related services that meet Airborne, Intelligence, Surveillance and Reconnaissance (AISR) Full Motion Video (FMV) requirements. The single award, firm-fixed-price contract has a one-year base period followed by four single year options for a total potential value of $99.3 million, if all options are exercised. Work will be performed in Virginia, Maryland, Pennsylvania and locations overseas.
Cubic Corporation (NYSE:CUB) today announced its Cubic Mission Solutions (CMS) business division was named as one of the awardees to compete under the U.S. Army for Global Tactical Advanced Communication Systems (GTACS II) Indefinite Delivery/Indefinite Quantity (IDIQ) contract vehicle. The contract has a ceiling of $5.1 billion, with a five-year base, one five-year option period and a Firm Fixed Price, Cost Plus Fixed Fee and Cost No Fee contract, in support of the Program Executive Office Command, Control and Communications-Tactical (PEO C3T), and Project Manager Tactical Network (PM Tactical Network).
Cubic Corporation (NYSE:CUB) today announced it was recognized by 2020 Women on Boards as a Winning ‘W’ Company. 2020 Women on Boards is a global education and public advocacy campaign that advocates for corporations to meet or exceed 20 percent of women directors on their boards by the year 2020. Companies receiving the ‘W’ Company recognition have boards of directors with 20 percent or more women members. Today, women comprise 44 percent of Cubic’s board of directors.
Cubic Corporation (NYSE:CUB) today announced that Trafficware, which operates within its Cubic Transportation Systems (CTS) business division, has released ATMS 2.10, the newest version of its industry-leading Advanced Transportation Management Platform, a central transportation management system that brings traffic network data into a single repository for a real-time, integrated view of traffic operations. A major update to ATMS 2.10 provides connected vehicle technology as a standard feature to customers. TidalWave is a traffic and traffic management information service powered by edge computing and machine learning.
Q2 2020 Cubic Corp Earnings Call
Cubic Corporation (NYSE:CUB) today announced the appointment of Jeffrey Lowinger as senior vice president and new president of the Cubic Transportation Systems (CTS) business division. Lowinger brings to Cubic vast experience leading strategy, growing profit and loss in addition to an extensive background in operational excellence, including program, engineering and entrepreneurial management. He will report to Chairman, President and Chief Executive Officer Bradley H. Feldmann, effective April 27.
Cubic Corporation (NYSE:CUB) today announced it was accepted as a signatory of the United Nations (UN) Global Compact, the world’s largest corporate responsibility initiative with over 9,500 business and non-business participants in 135 countries. Launched in 2000, the UN Global Compact guides and supports the global business community in advancing UN goals and values through responsible corporate practices. By bringing committed companies together with relevant experts and stakeholders, the UN Global Compact provides a collaborative space to generate and implement advanced corporate sustainability practice.
Cubic Corporation (NYSE:CUB) today announced its Cubic Transportation Systems (CTS) business division received the "Excellence in Technology" award from the London Transport Awards for its collaboration with the Rail Delivery Group (RDG) to increase the delivery of mobile barcode tickets throughout the U.K. The London Transport Awards recognize excellence in transport and progress on innovative transport initiatives.
Cubic Corporation (NYSE:CUB) today announced it will host a conference call and webcast on Wednesday, May 6 at 5:00 p.m. Eastern Time to discuss its second quarter fiscal year 2020 financial results. The press release and presentation materials will be published after the close of the New York Stock Exchange on the same day via the Investor Relations section of the company’s website: www.cubic.com.
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Cubic Corporation (NYSE:CUB) today announced Nuvotronics, operating within its Cubic Mission Solutions (CMS) business division, provided advanced multi-frequency antenna technology to enable the successful validation of NASA Goddard Space Flight Center’s (NASA-GSFC) Snow Water Equivalent Synthetic Aperture Radar and Radiometer (SWESARR).
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Cubic Corporation (NYSE: CUB) today announced its Cubic Mission Solutions (CMS) business division is now shipping the enhanced M3X networking, compute and power modules. Ideal for users that need to deploy fast and connect faster, the M3X product line offers customers a modular high performance, low size, weight and power (SWaP) solution. The M3X features Intel Xeon processing, the latest in Cisco networking, storage and smart battery backup power management.
Cubic Corporation (NYSE: CUB) today announced its financial results for the second fiscal quarter ended March 31, 2020.
Cubic Corporation (NYSE:CUB) today announced its Cubic Mission Solutions (CMS) business division has relocated its Tampa operations to a larger office space to accommodate the continuous growth of the business. The strategic relocation will allow Cubic to be closer in proximity to its U.S. military customers, enabling the company to further support customers with critical military Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) technology solutions as well as ensure the safe and effective execution of their missions.
NEW YORK, NY / ACCESSWIRE / May 6, 2020 / Cubic Corp. (NYSE:CUB) will be discussing their earnings results in their 2020 Second Quarter Earnings call to be held on May 6, 2020 at 5:00 PM Eastern Time. ...
Image source: The Motley Fool. Cubic Corp (NYSE: CUB)Q2 2020 Earnings CallMay 6, 2020, 5:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorLadies and gentlemen, welcome to Cubic Corporation's Second Quarter Fiscal Year 2020 Earnings Conference Call.
Cubic Corporation (NYSE:CUB) today announced it entered into an amended and restated credit agreement, providing Cubic with a new $450 million unsecured term loan and upsizing Cubic’s existing unsecured revolving credit facility from $800 million to $850 million. The maturity date of the revolving credit facility was extended to March 27, 2025 and the maturity date of the new term loan was established as of March 27, 2025. The term loan and any revolving credit facility loans will bear interest at a rate equal to either LIBOR plus a margin of 1.00 percent to 2.00 percent or an Alternate Base Rate plus a margin of 0.00 to 1.00 percent, consistent with the existing revolving credit facility.