Cubic Corporation Combines Defense Segments
February 18 2015 - 4:05PM
Business Wire
New Cubic Global Defense segment to provide
integrated solutions to worldwide customer base
Cubic Corporation (NYSE: CUB) announced effective today it has
combined its two defense operating segments into a single segment
called Cubic Global Defense (CGD) to better align its
organizational structure with customer requirements, increase
operational efficiencies and improve collaboration and innovation
across the enterprise. The formation of CGD also supports the
company’s announcement to streamline its functions across the
enterprise to improve profitability and competitiveness.
Cubic’s defense business totals approximately $800 million in
annual revenues and serves a diverse U.S. and international
customer base concentrated in live, virtual, constructive and
gaming training domains, leader and doctrine development, national
security programs, special operations and secure communications in
the C4ISR market. The consolidated CGD is comprised of six business
units with more than 5,500 employees.
William J. Toti, former president of Cubic’s Mission Support
Services segment, has been named president of CGD. Prior to joining
Cubic, Toti led a $1.3 billion business unit in Hewlett-Packard’s
Enterprise Services sector for the U.S. Navy and Marine Corps Next
Generation Enterprise Network program. Prior to HP, Toti was vice
president of the Mission Support Operations unit at Raytheon. He
also served more than 26 years in the U.S. Navy.
“This organizational realignment strengthens our competitive
position, enhances collaboration and eliminates redundant costs,”
Toti said. “By combining the expertise previously available in two
separate operating companies, we can now deliver higher quality to
our customers in a more efficient manner, and we can pursue larger
opportunities by leveraging significant past performance and
technology credentials resident in the company.”
About Cubic Corporation
Cubic Corporation is the parent company of two major
business segments. Cubic Transportation Systems is a leading
integrator of payment and information technology and services for
intelligent travel solutions. Cubic Global Defense is a leading
provider of realistic combat training systems, secure
communications, operations, maintenance, technical and other
support services for the U.S. and allied nations. For more
information about Cubic, please visit the company's web site
at www.cubic.com.
Media contact:Cubic
CorporationSuzanne HatcherDirector of Corporate
Communications858-505-2430orInvestor
contact:Cubic CorporationDiane DyerDirector of Investor
Relations858-505-2907investor.relations@cubic.com
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