Cubic Receives Contract Extension Worth $40.3 Million from New York MTA to Support MetroCard System Until 2022
November 17 2016 - 4:05PM
Business Wire
Cubic Transportation Systems to provide
additional equipment and state-of-good-repair software and
technical services
Cubic Transportation Systems (CTS), a business unit of Cubic
Corporation (NYSE:CUB), today announced a $40.3 million contract
extension from the Metropolitan Transportation Authority (MTA) New
York City Transit (NYCT) for software programming and
maintenance support for the agency’s MetroCard Automated Fare
Collection (AFC) system on an as-needed basis until the system is
decommissioned, which is expected to occur in 2022. MTA’s New Fare
Payment System, featuring mobile ticketing and open payments via
contactless bankcards, will replace MetroCard and operate in
parallel with the new system until its retirement.
The contract extension will include equipment purchases to
support continued rollout of the Select Bus Service, an upgrade to
system security standards, and a purchase of turnstiles and end
cabinets to allow for fare control area improvements supporting
various station-related programs. Additionally, new equipment for
the Cortlandt Street Station project, software and technical
support services for the AFC system, and ongoing
state-of-good-repair work will be supported.
“Cubic has proudly served New York’s public transit system for
more than 20 years with the introduction of the iconic MetroCard,
and we’re pleased to continue our partnership with the MTA,” said
Matt Cole, president of Cubic Transportation Systems.
CTS designed and delivered the MetroCard system to the New York
MTA in 2003. Since that time, Cubic has continued to support the
MTA through various projects including the introduction of the
Select Bus Service, the Second Avenue Subway Project, the Number 7
line extension, creation of Barclays Center transit hub, the South
Ferry Terminal, Tompkinsville Station, the Fulton Street Transit
Center, the Westchester Bee-Line and the recovery post-Superstorm
Sandy, among many others.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20161117005338/en/
Montner Tech PRDebra MontnerPH: +1 203-226-9290 ext. 112Cell:
203-984-7861dmontner@montner.comorCubic CorporationLaura
ChonCorporate CommunicationsPH: +1
858-505-2181laura.chon@cubic.com
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