ORLANDO, FL--(Marketwire - Dec 7, 2011) - Cubic Simulation Systems, a division of Cubic Corporation (NYSE: [ CUB ]), has been selected to receive the indefinite delivery/indefinite quantity (ID/IQ) Training Systems Contract (TSC) III, Lot I. This multiple-award contract covers the training systems requirements of Naval Air Systems Command's Aviation Training Systems Program Office as well as the Program Directorates for Aviation, Surface, Undersea and Cross-Warfare/International at the Naval Air Warfare Center Training System Division.

The TSC III scope of work includes design, development, production, test and evaluation, delivery, modification and support, including complementary Instructional Systems Development (ISD) products, complementary Training Systems Support, Interim Contractor Support and Contractor Engineering & Technical Services. Up to $2 billion is available to large and small businesses under Lots I and II, with all orders expected to be placed by November 2016.

"Cubic is a customer-focused organization," said Brad Feldmann, president of Cubic's [ Defense Systems ] segment. "In the 1970s, we developed the world's first live instrumented air combat training system for the Navy and Marine Corps, and over the years we have worked closely with them to develop other training and tactical products. We are excited to be selected, for the first time, as a potential supplier of training systems under TSC III Lot I. As a supplier of [ live, virtual and constructive training ] products, we are positioned to provide relevant solutions to ensure the training needs of the Navy and Marine Corps are met. We look forward to pursuing and executing delivery orders on this contract."

Cubic Corporationis the parent company of three major business segments: Defense Systems, Mission Support Servicesand Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems, cyber technologies, asset tracking solutions, and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services. Cubic Transportation Systems is the world's leading provider of automated fare collection systems and services for public transit authorities. For more information about Cubic, see the company's website at [ www.cubic.com ].