Cubic Wins Contract

Cubic shares were over 2% higher Monday after its business unit Cubic Global Defense Australia was selected as the primary contractor for the development and delivery of local and distributed simulation-enabled training events for the Royal Australian Navy (RAN).

The four-year contract, valued at approximately $7.1 million, provides a range of simulation planning, technical support and professional interactors to enhance RAN’s multisite synthetic training events at the Navy Synthetic Warfighting Centre (NSWC).

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