Cubic

Cubic Corporation (Cubic) is an international provider of systems and solutions that address the mass transit and global defense markets. The Company operates in three segments: Cubic Transportation Systems (CTS), Mission Support Services (MSS) and Cubic Defense Systems (CDS). As of the September 30, 2012, the Company’s CTS business accounted for approximately 37%; MSS and CDS accounted for approximately 36% and 27% of its net sales respectively. CTS specialize in the design, development, production, installation, maintenance and operation of automated fare payment and revenue management infrastructure and technologies for transit operators.

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SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation today announced its Cubic Transportation Systems (CTS) business division, Washington Metropolitan Area Transit Authority (Metro) and NXP Semiconductors N.V. (NXP) launched SmarTrip® on Google Pay, delivering a simple, contactless way for Metro riders to pay for their journeys on Metro trains or buses. Metro riders can add their SmarTrip card to Google Pay and use their NFC-enabled Android™ phone for payment, eliminating the need for a physical SmarT

Cubic and WMATA Deliver SmarTrip on Google Pay Integration for Trains and Buses

SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE:CUB) (“Cubic” or the “Company”) today announced the completion of its sale to Veritas Capital (“Veritas”) and Evergreen Coast Capital Corporation (“Evergreen”), an affiliate of Elliott Investment Management L.P. (“Elliott”), in a transaction valued at approximately $3.0 billion, including the assumption of debt. The go-private transaction, which was announced on February 8, 2021 and the terms of which were amended on March 31, 2021, received a

Cubic Announces Completion of Acquisition by Veritas Capital and Evergreen Coast Capital

SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE: CUB) today announced its Cubic Transportation Systems (CTS) business division, the Chicago Transit Authority (CTA) and Pace Suburban Bus (Pace) launched the virtual Ventra card on Google Pay, enhancing the customer experience with additional contactless, tap-and-go fare payment options. Android™ smartphone users in the Chicagoland area now have a contactless fare payment option when traveling on CTA trains and buses as well as Pace buses. The

Cubic Enhances Ventra Card Offering to Include Contactless Fare Payment Option for Android Users

SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE:CUB) today announced it was awarded the designation of “VETS Indexes Recognized Employer,” from the 2021 VETS Indexes Employer Awards. A firm dedicated to promoting veteran employment, VETS Indexes and its awards program recognizes Cubic's commitment to recruiting, hiring, retaining, developing and supporting veteran employees and others in the military-connected community. “Being named a VETS Indexes Recognized Employer is a true testament to

Cubic Honored as a VETS Indexes Recognized Employer

SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE:CUB) today announced its Cubic Transportation Systems (CTS) business division and the Metropolitan Transportation Commission (MTC) launched mobile fare payments on NFC-enabled Android phones. Through the Google Pay app, or the newly launched Clipper app for Android™, riders now have the convenience of a contactless fare payment option and account management on Android phones, eliminating multiple touchpoints throughout the transit riding exper

Cubic and MTC Bring Digital Fare Payments to Android Users

SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE:CUB) today announced its Cubic Transportation Systems (CTS) business division and Taoti Creative received the “Platinum Level” Hermes Creative Award in the 2021 Electronic Media category for the “Meet Umo” animated video. The Hermes Creative Awards honors the creative industry's best publications, branding, collateral, websites, videos and advertising in over 200 categories. Cubic partnered with Taoti Creative to create the animated video to e

Cubic and Taoti Creative Win “Platinum Level” Award in Electronic Media from Hermes Creative Awards

SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE:CUB) today announced its Cubic Transportation Systems (CTS) business division and the Rogue Valley Transportation District (RVTD) are launching Umo Pass, enabling RVTD riders to seamlessly pay for trips through a single fare payment system on the 30 buses of RVTD's transit systems. The contract is a renewal of the current transit fare payment, TouchPass, which transitioned to Umo Pass in April 2021. RVTD launched TouchPass five years ago. With

Cubic and Rogue Valley Transportation District Introduce Fare Capping in Launch of Umo Pass Platform

Cubic (CUB) delivered earnings and revenue surprises of -63.41% and 2.48%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Cubic (CUB) Q2 Earnings Miss Estimates

SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE: CUB) (“Cubic” or the “Company”) today announced its financial results for the second fiscal quarter ended March 31, 2021. In light of the pending acquisition of Cubic by Veritas Capital and Evergreen Coast Capital Corporation, the Company will not be hosting a conference call to discuss its financial results. The pending acquisition remains subject to the receipt of certain regulatory approvals and the satisfaction of other closing conditions

Cubic Reports Second Quarter Fiscal Year 2021 Results

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SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE:CUB) today announced its Cubic Transportation Systems (CTS) business division was awarded a multi-year contract from Omaha Metro Transit to deliver its Umo Pass solution. Umo Pass will empower Omaha Metro Transit riders to seamlessly plan and pay for transit journeys through a single fare payment system. Umo Pass, a cloud-based, software-as-a-service platform, is built for real-time fare payment processing, allowing riders the convenience to p

Cubic and Omaha Metro Transit Launch Contactless Fare Payment Option

SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE:CUB) today announced its Cubic Transportation Systems (CTS) business division will be participating in the STEM Returners program in the United Kingdom. The program aims to help employers recruit, develop and retain the best available talent, while also enabling highly qualified and experienced candidates to re-start their career. It also aims to minimize the gender imbalance within science, technology, engineering and mathematics (STEM), and

Cubic Prioritizes Workforce Diversity with New Inclusive STEM Returners Program in the U.K.

Cubic (CUB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Cubic (CUB) Earnings Expected to Grow: What to Know Ahead of Q2 Release

SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE: CUB) (“Cubic” or the “Company”) today announced that, at a special meeting of shareholders held on April 27, 2021 (the “Special Meeting”), the shareholders of the Company approved a proposal to adopt the merger agreement (the “Merger Agreement”) entered into between the Company and an affiliate of Veritas Capital (“Veritas”), under which Veritas and Evergreen Coast Capital Corporation (“Evergreen”), an affiliate of Elliott Investment Manageme

Cubic Announces Shareholder Approval of Merger Agreement with Veritas Capital

NEW ORLEANS, April 27, 2021 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

CUBIC INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Cubic Corporation - CUB

SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE:CUB) today announced its Independent Director Denise Devine was recognized by Villanova School of Business (VSB) as a recipient of the Rev. Joseph C. Bartley, OSA Alumni Medallion. The Bartley Medallion is the highest distinction VSB can bestow to an alumnus and is awarded annually to recognize alumni who have distinguished themselves in their careers while also dedicating service to their communities and VSB. “As a proud VSB alumna, I am hono

Cubic Independent Director Awarded Rev. Joseph C. Bartley OSA Alumni Medallion from Villanova School of Business

SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE:CUB) today announced its Cubic Transportation Systems business division is expanding the current Compass automated fare collection (AFC) system to Metro Vancouver's 347 vehicle paratransit system, HandyDART. As of March 2021, three buses have received installations. HandyDART is a shared ride service for passengers with physical or cognitive disabilities who are unable to use conventional public transit without assistance. Cubic will provide e

Cubic Expands Automated Fare Collection to Vancouver's HandyDART System

SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE:CUB) today announced that its Cubic Transportation Systems (CTS) business division and the Metropolitan Transportation Commission (MTC) have introduced Clipper on iPhone and Apple Watch, giving transit riders a contactless way to pay for their trips on trains, buses and ferries in the San Francisco Bay Area. Cubic and MTC have launched their first mobile app for the region, the Clipper app, a helpful tool for card and account management. Rider

Cubic and MTC Launch Clipper on iPhone and Apple Watch

Cubic (CUB) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Cubic (CUB): Strong Industry, Solid Earnings Estimate Revisions

Cubic Corp. announced Wednesday morning that it has accepted an acquisition proposal from Veritas Capital and Evergeen Coast Capital Corp., which is an affiliate of Elliott Management L.P. Veritas and Evergreen agreed to increase the acquisition price per share to $75.

Cubic accepts raised takeover bid, to be bought out for $75 a share

SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE: CUB) (“Cubic” or the “Company”) today announced that it has accepted a proposal from Veritas Capital (“Veritas”) and Evergreen Coast Capital Corporation (“Evergreen”), an affiliate of Elliott Investment Management L.P. (“Elliott”), to increase the price per share of their pending acquisition of Cubic to $75.00 per share in cash. The Company has accepted this proposal and entered into an amendment (the “Amendment”) to its previously announced

Cubic Board Accepts Revised Acquisition Proposal from Veritas Capital and Evergreen Coast Capital at $75.00 Per Share

SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE:CUB) today announced Senior Vice President of Government Relations and Strategy John Roberti was appointed to the board of the National Defense University (NDU) Foundation. Established to provide critical support to the National Defense University, the NDU Foundation is a non-partisan, nonprofit, philanthropic organization focused exclusively on championing NDU's mission of advanced national security education and leader development. “RDML Rob

Cubic Executive Appointed to the National Defense University Foundation's Board of Directors

SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE:CUB) today announced Nuvotronics, which operates within its Cubic Mission and Performance Solutions (CMPS) business division, was awarded a contract worth more than $10 million from the Department of Defense (DoD) through the National Spectrum Consortium to develop a dual-band, ultra-high performance and low size, weight and power (SWaP) fifth generation (5G) Wireless Network Communications Transceiver (WNCT) for military applications. Cubic N

Cubic Nuvotronics Awarded Contract to Support Department of Defense 5G to Next G Program

Cubic (CUB) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Cubic (CUB) Soars 7.9%: Is Further Upside Left in the Stock?

SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE:CUB) today announced Nuvotronics, which operates within its Cubic Mission and Performance Solutions (CMPS) business division was awarded a contract worth approximately $5 million to develop a Wideband Global Satellite Surrogate Payload (WGS-SP) for the U.S. Army Combat Capabilities Development Command (CCDC) C5ISR Center and Space and Terrestrial Communications Directorate (S&TCD). Nuvotronics will deliver a high-altitude balloon (HAB) pay

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