Cubic Deal Could Be Worth $57MMonday, August 11, 2014
Cubic Corp. said Aug. 11 that it received a Pentagon contract to operate the Korea Battle Simulation Center — a deal which could be worth up to $57 million over four and a half years if all options are exercised.
Under the deal, Cubic (NYSE: CUB) will provide battle simulation training support to the United States Forces Korea, the 8th U.S. Army, other U.S. units and partner nations. Work will be conducted in South Korea, Japan and unspecified other locations.
The deal includes a six-month base period and four one-year options and runs through 2019.
The Cubic team includes BAE Systems, Booz Allen Hamilton, Cyber-Tech, Inc. and Sonalysts.