Cubic Corporation has entered into a definitive agreement with an affiliate of Veritas Capital, under which Veritas and Evergreen Coast Capital, an affiliate of Elliott Investment Management, will acquire Cubic for $70.00 per share in cash. The all-cash transaction is worth approximately $2.8 billion, including the assumption of debt.
Read More »Cubic Consolidates Defense Business Segments & Appoints Michael Knowles to Lead the Unit; Bradley Feldmann Quoted
Cubic Corp. will consolidate its defense business segments, effective immediately, to advance the company's strategic priorities, drive customer value and enhance operational effectiveness, Cubic reported on Friday. The new segment will be led by Michael Knowles, senior vice president of Cubic Corporation and president of Cubic Global Defense (CGD) since 2018.
Read More »Cubic to Support Sustainability as Part of UN Global Compact; Bradley Feldmann Quoted
Cubic has joined a global group of organizations aiming to promote corporate sustainability in line with the United Nations.
Read More »Cubic Recognized for Virtual Military Training Tool; Bradley Feldmann Quoted
Cubic's global defense business has received recognition for work on a virtual training platform during an event that took place last Thursday.
Read More »Cubic Supports Engineering Facility Construction at UC San Diego; Bradley Feldmann Quoted
Cubic has pledged to support the establishment of a building at the University of California San Diego's Jacobs School of Engineering.
Read More »Hilary Hageman Named SVP, General Counsel, Corporate Secretary for Cubic; Bradley Feldmann Quoted
Cubic announced on Monday that Hilary Hageman has been appointed senior vice president, general counsel and corporate secretary. She will be responsible for managing the legal department as well as overseeing ethics, contracts, global trade compliance and security.
Read More »Cubic Selected to Forbes’ Top Large Employers List; Bradley Feldmann Quoted
Cubic has been included in Forbes magazine's list of the top large employers for the third consecutive year.
Read More »Cubic Names Dan Hedstrom as VP, CIO to Lead Global IT Initiatives
TYSONS CORNER, VA, February 6, 2019 “” Cubic (NYSE: CUB) has appointed Dan Hedstrom, formerly vice president of system solutions and services for its transportation systems business, to the corporate leadership team as VP and chief information officer, GovCon Wire reported Tuesday. The company said Monday Hedstrom, who previously led Cubic Transportation Systems’ …
Read More »Cubic CEO Bradley Feldmann Appointed NACD Board Leadership Fellow
Bradley Feldmann, chairman, president and CEO of Cubic, has been named a board leadership fellow at the National Association of Corporate Directors. He joins the NACD fellowship program that aims to empower members through insights, data and boardroom practices, Cubic said Monday. Feldmann said the company strives to maintain its corporate governance standards …
Read More »Cubic Named Preferred Bidder on San Francisco Bay Area’s Fare System Modernization Project
The San Francisco Metropolitan Transportation Commission has selected Cubic as the agency’s preferred contractor to update the fare collection system in California’s Bay Area. Cubic said Friday its transportation systems business aims to modernize the Clipper electronic fare payment being used by 22 transit agencies across the region if the commission awards the project to the …
Read More »Cubic Named as 2019 Military Friendly Employer; Bradley Feldmann Quoted
VIQTORY, a veteran-owned recruitment marketing business, has named Cubic as a military friendly employer, citing its efforts to citing its efforts to provide opportunities for the military community. Cubic said Wednesday it received the recognition as a 2019 Bronze Military Friendly Employer, following an evaluation based on a comprehensive survey, as …
Read More »Cubic Gets $276M Contract to Update Queensland Public Transport Payment System
Cubic has secured a potential $276 million contract to design, build and operate a ticketing system for public transportation across the Australian state of Queensland. The company said Wednesday its transportation systems business will provide a technology platform equipped with contactless payment and passenger information processing tools under the contract with Queensland’s …
Read More »Executive Spotlight: An Interview With Bradley Feldmann, Chairman, President and CEO of Cubic Corporation
ExecutiveBiz spoke with Bradley Feldmann about Cubic Corporation's recent contract wins, aggressive growth strategy and where he sees the 2018 federal services market heading. “Put simply, “˜One Cubic' is a collaboration, sharing strategy with a hybrid approach. So, on the one hand, we want to be decentralized with our businesses …
Read More »Former Exelis, AIA CEO David Melcher Nominated to Cubic Board
David Melcher, a retired U.S. Army lieutenant general and former president and CEO of the Aerospace Industries Association, has been nominated to join the board of directors at Cubic. Cubic said Friday Melcher will bring decades of experience working with military and government leaders along with a background in finance, …
Read More »Cubic’s Transportation Business to Expand Facility, Workforce in India
Cubic‘s transportation systems business plans to expand its facility in Hyderabad, India, and double the number of its employees in the country as part of a regional footprint expansion push. The company said Tuesday the expanded facility will help grow CTS operations after the unit secured contracts to support fare payment …
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