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Monday, Mar 18, 2024
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Cubic Corp. Awarded $20 Million Contract

The Royal Australian Air Force recently awarded Cubic Corp. a contract worth more than $20 million. Under the deal announced on Nov. 5, Cubic (NYSE: CUB) will provide air combat training electronics for several types of military jets.

Cubic Defense Applications is the prime contractor on the electronics, called the P5 Tactical Combat Training System. DRS Technologies Inc. is the principal subcontractor.

The system includes aircraft-mounted instrumentation pods, equipped with GPS, which track aircraft during training sorties. The system also includes ground stations. Using the electronics, air force instructors can make detailed records of training flights and review them with pilots afterward.

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