Cubic Awarded Nearly $80 Million from Navy’s FTSS IV IDIQ Multiple Award Contract to Support Aviation Training
August 29 2016 - 7:00AM
Business Wire
Cubic Global Defense expands training services
to F/A-18 and EA-18G aircraft with first task order
Cubic Global Defense (CGD), a business unit of Cubic Corporation
(NYSE: CUB), today announced the award of a five-year,
approximately $80 million task order to support aviation training
for the U.S. Navy and Marine Corps under the Navy’s Fielded
Training Systems Support (FTSS) IV Indefinite Delivery Indefinite
Quantity (IDIQ) Multiple Award Contract (MAC). This is the first
award by the Naval Air Warfare Center, Training Systems Division
(NAWCTSD) using this fourth-generation IDIQ program – that has an
estimated ceiling value of $1.75 billion.
Under the task order awarded by NAWCTSD in Orlando, Florida,
Cubic will provide operations and maintenance support of F/A-18 and
EA-18G aviation training devices and simulators at Naval Air
Station (NAS) Oceana, Marine Corps Air Station (MCAS) Miramar, NAS
Lemoore, NAS Whidbey Island and MCAS Beaufort. In addition, Cubic
instructors will provide simulator and academic classroom training
for Navy and Marine Corps pilots and other aircrew at NAS Lemoore,
MCAS Miramar, and NAS Whidbey Island. In an earlier FTSS II task
order, Cubic provided F/A-18 Pilot Instructors at MCAS
Beaufort.
“Cubic is proud to be partnered with Naval Aviation with this
new pilot and flight officer training and support contract,” said
Dave Buss, president of Cubic Global Defense. “When coupled with
the important operations, maintenance and instructional work we
currently perform with Navy and Marine Corps aircrew and training
simulators in other locations, this new contract allows us to meet
our customer’s training needs with a set of innovative end-to-end
solutions.”
Cubic, which has participated in the FTSS IDIQ contracts since
the original was awarded in 2000, recently announced it was one of
nine companies selected to participate in the FTSS IV IDIQ MAC.
About Cubic Corporation
Cubic Corporation designs, integrates and operates systems,
products and services focused in the transportation, defense
training and secure communications markets. Cubic Transportation
Systems is a leading integrator of payment and information
technology and services to create intelligent travel solutions for
transportation authorities and operators. Cubic Global Defense is a
leading provider of live, virtual, constructive and game-based
training solutions, special operations and intelligence for the
U.S. and allied forces. Cubic Mission Solutions provides networked
Command, Control, Communications, Computers, Intelligence,
Surveillance and Reconnaissance (C4ISR) capabilities for defense,
intelligence, security and commercial missions. For more
information about Cubic, please visit the company's website at
www.cubic.com or on Twitter @CubicCorp.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160829005142/en/
Cubic CorporationLaura ChonCorporate Communications+1
858-505-2181laura.chon@cubic.com
Cubic (NYSE:CUB)
Historical Stock Chart
From Aug 2024 to Sep 2024
Cubic (NYSE:CUB)
Historical Stock Chart
From Sep 2023 to Sep 2024