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Cubic Corporation: Cubic Announces Second Foreign Sale of P5 Combat Training System

^{Published on 2009-05-26 04:11:55, Last Modified on 2009-05-26 04:12:31 - Market Wire}
 

SAN DIEGO, CA--(Marketwire - May 26, 2009) - Cubic Defense Applications, the defense systems business of Cubic Corporation (NYSE: [ CUB ]), announces its second foreign sale of Cubic's latest-generation air combat training system to the Singapore air force. Cubic is proud to add the Singapore air force to the growing community of P5 Combat Training System/Tactical Combat Training System users.

Under a contract awarded by the 675th Armament Systems Squadron at Eglin Air Force Base, Fla., Cubic will deliver P5 Combat Training System (P5CTS) airborne subsystem pods and ground stations to Singapore for use at Mountain Home Air Force Base, Idaho. Singapore has combat pilots assigned to several U.S. Air Force bases to take advantage of the good airspace for training in these locations.

Singapore's P5CTS will have capabilities similar to the U.S. P5 system, including the P5 instrumentation pods for use on the aircraft and the colorful, user-friendly three-dimensional Individual Combat Aircrew Display System (ICADS™), a ground-based system that allows pilots to monitor, control and debrief training missions. Other potential P5 FMS sales are in negotiations with announcements expected later in 2009 and 2010.

Cubic made its first foreign sale of P5CTS last year to Poland, which intends to use the system on new F-16s based at Poznan-Krzesiny and Lask air bases.

Cubic Defense Applications, Inc., is part of Cubic Corporation's defense segment. Cubic is a world leader in realistic combat training systems, mission support services and defense electronics. The corporation's other major segment, Cubic Transportation Systems, designs and manufactures automatic fare collection systems for public mass transit authorities. For more information about Cubic, see the company's website at [ www.cubic.com ].