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Cubic Transportation Systems Wins Contract with Chicago Transit Authority

Cubic Transportation Systems Wins Contract with Chicago Transit Authority - top government contractors - best government contracting event

Cubic logoCubic Transportation Systems, a business unit of Cubic Corp., has recently won a contract with the Chicago Transit Authority worth an estimated $454 million. The contract calls for Cubic to integrate, deliver, operate and maintain the agency’s next-generation open payments system, which will accept bank cards and mobile phone payments.

The contract is the largest automated fare collection contract ever placed in North America. The firm will operate and maintain the entire system. It will transition the agency to an open payment system where customers can use their existing credit or debit cards as a ticket, bringing the retail experience to transit ticketing.

“In taking this action, the Chicago Transit Authority will upgrade its fare equipment, save additional money over time, improve the customer experience, grow ridership and keep abreast of rapidly-changing technology. It's a major step forward, and we and our partners are eager to begin,“ said John Satterfield, Cubic Transportation Systems vice president.

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