Cubic Corp (NYSE:CUB)
Historical Stock Chart
5 Years : From Sep 2010 to Sep 2015
Cubic Applications, Inc., a mission support services subsidiary of Cubic Corporation (NYSE: CUB), has received its fourth contract to provide seaport assessments and security training from the Secretariat of the Inter-American Committee Against Terrorism of the Organization of American States (OAS).
Cubic's new contract covers security services for the Mexican ports of Ensenada, Mazatlan, Puerto Vallarta and Salina Cruz, and the Colombian port of Turbo and is a follow-on to an award received last year for assessments and training in the Mexican ports of Cozumel, Cabo San Lucas, Coatzacoalcos and Manzanillo as well as the Colombian port of Buenaventura.
Cubic will initiate the new work in Mexico and Colombia as it completes an OAS port security training contract in Panama.
"In early 2012, Cubic will be conducting simultaneous OAS maritime security contracts in three different countries," said Peter Miller, Director of Maritime Security Programs for Cubic Applications, Inc. "We are pleased to assist the OAS in helping security teams in these OAS Member States to develop the specific infrastructure, procedures and skills they need for effective port security and customs operations."
During the first phase of its new contract, Cubic will examine physical security, cargo and access controls, customs procedures, critical infrastructure, screening techniques for passengers and crews, passenger and cargo security, and emergency consequence management capabilities at each of the five ports in Mexico and Colombia. Cubic will then work with OAS to provide mitigation strategies and a training need analyses.
In 2009, Cubic received an OAS award to supply assessment and training services to Trinidad and Tobago along with Saint Vincent and the Grenadines. The company has also conducted consequence management exercises in Trinidad and Mexico.
Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and 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 for U.S. and allied military and security forces. 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 Web site at www.cubic.com.