Friday, May 10, 2013

Cubic Wins $19.9 Million Israeli Defense Forces Contract

The Department of Defense awarded San Diego-based Cubic Corporation (NYSE: CUB  ) a $19.9 million contract modification Friday, amending a previously awarded firm-fixed-price, foreign-military-sales contract in support of the Israeli military.

The contract in question involves the sale of Israeli Defense Forces Engagement Skills Trainer 2000 Plus Systems and related services to the IDF. The EST2000 is a combat simulator used by the IDF to train on a variety of small arms systems, from M16 and M4 rifles all the way up to mortars and LAW and RPG rockets. Essentially a hi-tech shooting gallery, the EST trains troops in marksmanship, small unit tactics, and "shoot/don't shoot" techniques and skills.

Cubic collaborates with local firms such as Israel's Rafael and Bagira Systems in tailoring the EST2000 to the requirements of the IDF.

 
More Expert Advice from The Motley Fool
The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock in our brand-new free report: "The Motley Fool's Top Stock for 2013." I invite you to take a copy, free for a limited time. Just click here to access the report and find out the name of this under-the-radar company.

No comments:

Post a Comment