Cubic Corp. said its Transportation Systems business received a contract from an Australian government agency that could be worth in excess of $35 million.
The deal, which covers a next-generation transportation management platform, is for a term of five years and seven months. The government client, Transport for New South Wales, has options to extend it for six more years.
Under the deal, Cubic’s intelligent congestion management program will offer situational awareness for Sydney’s transportation network. Metropolitan Sydney is home to more than 5 million people.
According to Cubic (NYSE: CUB), the new system will enhance monitoring and management of the road network across New South Wales, coordinate the public transport network across its various modes, improve planning of major events and improve incident clearance times, while offering real-time information and advice to the public about disruptions.
“This landmark project will position Sydney as a global leader in multimodal transport management operations,” Matt Cole, president of Cubic Transportation Systems, said in a prepared statement.
Cubic splits its business between defense contracting and work for government transportation agencies.