Cubic Mission Solutions established to strengthen company’s focus on high-growth C4ISR businesses

Cubic Corporation (NYSE: CUB) today announced the promotion of retired U.S. Navy Vice Adm. David Buss, senior vice president of Cubic Global Defense (CGD), to corporate senior vice president and president of CGD. In addition, Mike Twyman, executive vice president of Communications, Intelligence and Surveillance Systems, is promoted to corporate senior vice president and president of Cubic Mission Solutions (CMS), now a formalized business division that includes the company’s C4ISR subsidiaries and product offerings. Both report to Brad Feldmann, president and chief executive officer of Cubic Corporation. Buss succeeds Bill Toti, former president of CGD, who is leaving the company to pursue other career opportunities. Toti’s leadership was instrumental in transforming Cubic’s defense business strategy, and we thank him for his many contributions to the company.

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Retired U.S. Navy Vice Adm. David Buss, corporate senior vice president and president of Cubic Global Defense (Photo: Business Wire)

“Dave and Mike are the right leaders at the right time to propel Cubic Global Defense into the next phase of growth,” said Brad Feldmann, president and chief executive officer of Cubic Corporation. “Their high-level insight, along with their natural visionary and hands-on leadership style, will play an integral role in the successful execution of Cubic’s overall defense business strategy to win the customer.”

In Buss’ new role, he will lead the business strategy for Cubic’s defense business, which is focused on NextTraining. NextTraining is centered on identifying and rapidly integrating innovative technologies into defense training systems and services to provide customers with cutting-edge 21st century means to ensure the operational readiness of their forces.

As president of CMS, Twyman will oversee the Communications/C4ISR businesses including DTECH Labs, GATR Technologies, TeraLogics, XD Solutions and Communications & Electronics offerings. This updated organizational structure demonstrates the company’s continued focus on delivering innovative C4ISR solutions globally.

About Dave Buss

Buss joined Cubic in June 2015, and has a wealth of experience, as well as a deep understanding of the military training and readiness business. Prior to joining Cubic, Buss served more than 36 years in the U.S. Navy, where he retired in the rank of Vice Admiral after serving more than two years as Commander, Naval Air Forces (the Navy’s “Air Boss”). Prior to his “Air Boss” responsibilities, Buss served as the deputy commander of U.S. Fleet Forces Command in Norfolk, Virginia while simultaneously commanding Task Force 20, the former U.S. Second Fleet. He also commanded the USS Enterprise Carrier Strike Group. As a career naval aviator, he also was privileged to command a jet squadron and a nuclear-powered aircraft carrier.

About Mike Twyman

Twyman has an established career in the global defense industry. Before joining Cubic in June 2014, Twyman worked more than 30 years at Northrop Grumman in a variety of leadership roles including sector vice president and general manager of the Defense Systems division, vice president of Integrated C3I Systems, vice president of Joint Network Systems and vice president of Communication and Information Systems.

About Cubic Global Defense

CGD, one of two major businesses of Cubic Corporation, totals nearly $1 billion in annual revenues, includes more than 5,500 employees and serves a diverse U.S. and international customer base. Its mission is centered on identifying and rapidly integrating innovative technologies into our defense training systems and services to provide our customers with cutting-edge 21st century means to ensure the operational readiness of their forces. Additionally, CGD provides its customers innovative C4ISR solutions globally.

About Cubic Corporation

Cubic Corporation is the parent company of two major businesses, Cubic Transportation Systems (CTS) and Cubic Global Defense (CGD). CTS is a leading integrator of payment and information technology and services for intelligent travel solutions around the world. CGD is a trusted provider of realistic training systems, C4ISR solutions, and highly specialized 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.

Cubic CorporationMedia:Laura Chon, +1-858-505-2181Corporate Communicationslaura.chon@cubic.comorInvestors:Diane Dyer, +1-858-505-2907Investor Relationsinvestor.relations@cubic.com

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