CUB Cubic Corp

Cubic Transportation Systems, Inc., a subsidiary of Cubic Corporation (NYSE: CUB), has named Mari McAvoy to the newly created position of Vice President, Worldwide Human Resources.

The company created the position to support the high growth levels it has achieved in recent years. In 2011, the number of CTS employees increased by 10 percent to 1,600 around the world, and that trend is expected to continue. Prior to her new position, McAvoy was HR director in charge of all North American HR activities.

"Mari's advancement aligns with the increased sales, projects and innovations that continue to drive Cubic's growth," said Steve Shewmaker, president, Cubic Transportation Systems Worldwide. "Through Mari's remarkable career track and her hard work and education, we recognize and congratulate her on her rise within our dynamic organization."

McAvoy began her career at Cubic in 1995, working in the procurement and human resources departments. She later studied HR management at San Diego State University and earned a degree in organizational leadership from Chapman University.

McAvoy is involved in a number of community outreach and volunteer activities, most notably Susan G. Komen for the Cure for breast cancer and Big Brothers Big Sisters of San Diego County, through which she mentors an 8-year-old girl. McAvoy was Cubic Transportation Systems' recipient for the 2005 YWCA Tribute to Women in Industry (TWIN) award.

Contributing to Cubic's growth have been recent major contract wins, including London, Sydney, Vancouver and Chicago, as well as customer milestones that include the open-payment pilot program for the PATCO commuter rail line that runs from South New Jersey to Philadelphia and the 142 percent growth in active Clipper Cards from 2010 to 2011, as recently reported by the Metropolitan Transit Commission in the San Francisco Bay Area.

Cubic Corporation (NYSE: CUB) is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems.

Cubic® Transportation Systems, Inc. is the world's leading turnkey solution provider of automated fare collection systems for public transport including bus, bus rapid transit, light rail, commuter rail, heavy rail, ferry and parking. Cubic's solutions and services include system design, central computer systems, equipment design and manufacturing, device-level software, integration, test, installation, warranty, maintenance, computer hosting services, call centre services, card management and distribution services, financial clearing and settlement, multi-application support and outsourcing services.

Every year, nearly 10 billion rides are taken worldwide using Cubic fare collection systems. Cubic has delivered over 400 projects in 40 major markets on five continents. Active projects include London; Brisbane (Southeast Queensland) region, Australia; New York/New Jersey region; Washington, D.C./Baltimore/Virginia region; Los Angeles region; San Diego region; San Francisco region; Minneapolis/St. Paul; Chicago; Atlanta region; Miami (South Florida) region; Vancouver and Edmonton, Canada; Sydney (New South Wales), Australia; and Scandinavia.

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 more information about Cubic, see the company's Web site at www.cubic.com.

Contact: Jim Okerblom jim.okerblom@cubic.com 858-505-2642