Tonymercury Sir Nigel Gresley

Location: Botany NSW


Aviation Week Ranks Cubic as a Consistent Top Performer


06/05/2012

 

SAN DIEGO, California – June 5, 2012 –Aviation Week & Space Technology, the leading aerospace and defense weekly, has listed Cubic Corporation (NYSE: CUB) among the top performing aerospace and defense companies reporting revenues between $1 billion and $5 billion over the past five years.

 
Last year, Aviation Week honored Cubic as the No. 1 top performing company in the $1 billion to $5 billion revenue category during a ceremony at the Paris Air Show. This year, the magazine ranked Cubic as No. 2 and the company was only 01 point shy of the No. 1 ranking. Over the five-year period, Cubic rated No. 3.
               

Aviation Week & Space Technology and independent aerospace and defense analysts used metrics embedded in four performance categories, including Return on Invested Capital (ROIC), Earnings Momentum, Asset Management and Financial Health, to determine the companies that consistently placed high in their rankings category.
               
Jim Schwendinger, a Top Performing Companies (TPC) adviser for Aviation Week, stated in the magazine’s May 28, 2012 issue, “At the end of the day, the real test ought to be how consistent somebody is. If I were a shareholder or a board member and wanted to hold my CEO and executive team accountable, I would look at where they have taken the company and whether they were able to sustain excellence over time in the face of improving competition.”
               
Commented Michael K. Lowry, Project Manager, Top Performing Companies, for Aviation Week & Space Technology: “Unlike the stock market, past performance at Cubic does seem to indicate future results. Operations remain simply outstanding – not just for the numbers that it posts, but also for its execution when compared against the industry’s best-run companies.”
               
According to the magazine, Cubic has placed among top three among companies reporting revenues of $1 billion to $5 billion three times since 2009. Cubic reported revenues of over $1 billion for the first time in fiscal year 2009 and continued that trend in fiscal year 2010. The company’s revenues topped $1.285 billion in fiscal year 2011 as Cubic reported a good revenue stream from all of its businesses and exceptionally strong growth for its transportation systems and services segment. Cubic Transportation Systems is the world’s leading provider of automated fare collection systems and services for public transit. It has been awarded significant contracts over the past several years in Sydney, Vancouver and Chicago and has been a major supplier of regional transportation technology and services in the United Kingdom.
               
Cubic was founded in 1951 by Walter J. Zable, the company's chairman, president and CEO. In its early years, the company focused primarily on aerospace and defense products for the U.S. market. Today it is a diverse global enterprise focused on increasing its commercial transportation and logistics tracking businesses while maintaining and growing its market presence in defense and mission support.
               
"Cubic had its best year ever in 2011 and our good performance is bringing us new opportunities,” said Walter J. Zable. "We have a strong backlog, a strong pipeline of solutions, and a vision for the future. It’s a great honor thatAviation Week & Space Technology has acknowledged us once again as one of the top companies in America."
               

Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation. Cubic Defense Applications is a leading supplier of combat training systems, communications, cyber technologies, and global tracking solutions. Cubic Mission Support Services is a leading provider of training, operations, maintenance, and technical support services. Cubic Transportation Systems is the world's leading provider of automated fare collection systems and services for public transit authorities. For more information about Cubic, see the company's Web site at http://www.cubic.com.


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  Tonymercury Sir Nigel Gresley

Location: Botany NSW


San Diego-based Cubic Corp. said Monday corporation founder, Chairman, President, and CEO Walter J. Zable had passed away, at age 97.



The company noted "Zable had guided Cubic since he founded the company in 1951, leading it to global prominence in providing defense systems, mission support services, and transportation systems and services to customers worldwide. "

Cubic's Board of Directors has named William W. Boyle as interim President and CEO, in addition to his current role as Chief Financial Officer. Walter C. Zable has been named chairman of the Board. Both men have served as senior executive officers and directors of the company for many years.

"Walter J. Zable has been a wonderful inspiration to Cubic Corp. and its family of companies and its more than 7,800 employees. He was also a generous and caring person who did a great deal for the community. He will be missed, but we remain resolved to maintain and expand Cubic's global presence as a tribute to our remarkable founder," said Boyle in a statement.


  Tonymercury Sir Nigel Gresley

Location: Botany NSW
SAN DIEGO, CALIF., July 3, 2012 – Cubic Transportation Systems, a business segment of San Diego-based Cubic Corporation (NYSE:CUB), and a leading integrator of payment and information technology and services for intelligent travel solutions, today announced that Jean-Marc Landry has joined the company as vice president, sales and marketing for North America.  A proven executive in the transportation industry, Landry will lead the sales and marketing force of Cubic’s fast-growing integration and information services business in North America. He replaces Paul Muldoon who is retiring.   Landry brings more than 30 years’ experience in the transportation industry and was most recently vice president, North America sales for Nova Bus, a division of Volvo Bus Corporation.    “Jean-Marc has proven his high-performance leadership by inspiring his team to excellence and winning customer respect and loyalty through strong delivery performance and high touch service,” said Richard Wunderle, senior vice president and general manager, Cubic Transportation Systems’ North America operations. “We look forward to continuing to build on and energize our existing client base with our latest technology innovations and services, as well as to securing new business opportunities through Jean-Marc and the sales and marketing team. He is taking over from Paul, who will be greatly missed and who we wish all the best in his retirement.”   Cubic has led the public transit industry in automated fare collection systems and services for 40 years and is leveraging its information and payment specialist systems into Nextcity, a travel and payment management system for all transport modes within a region.  It will enable transport operators to regulate demand by setting fees and fares based on travel patterns, and also enable customers to manage how they travel – whether by train, bus, taxi, private vehicle or bike – by providing both operators and travelers real-time, dynamic information that will make their journey faster and more reliable. Nextcity will integrate with the payment and information systems of other transport modes, without the need to replace any existing infrastructures. Cubic® Transportation Systems, Inc. is part of Cubic Corporation. Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services. Cubic Transportation Systems, Inc., is a leading integrator of payment and information technology and services for intelligent travel solutions.  Cubic delivers integrated solutions that help transport operators manage their operations and services and give passengers choices in the smartest and easiest ways to pay their fares.  Cubic specializes in design, development, manufacture, supply, installation, integration, services and information.  Services provided by Cubic include on-site management, central systems, operations support, patron support, business support and field services.   Every year, nearly 10 billion rides are taken worldwide using Cubic payment and information systems. Cubic has delivered over 400 projects in 40 major markets on five continents. Active projects include London; Brisbane (Southeast Queensland) region, Australia; New York/New Jersey region; Washington, D.C /Baltimore/Virginia region; Los Angeles region; San Diego region; San Francisco region; Minneapolis/St. Paul; Chicago; Atlanta region; Miami (South Florida) region; Vancouver and Edmonton, Canada; Sydney (New South Wales), Australia; and Scandinavia. For more information about Cubic, see the company's Web site at http://www.cubic.com                                                                      ###


  Tonymercury Sir Nigel Gresley

Location: Botany NSW
• The Los Angeles County Metropolitan Transportation Authority has granted Cubic Transportation Systems Inc. an extension to its system support services contract for components of the Universal Fare System, which is the foundation of the regional contactless smart-card branded as “TAP.” The contract’s value increased to about $9 million, according to a company press release.
  Tonymercury Sir Nigel Gresley

Location: Botany NSW


Chicago Bus Operator PACE Selects Cubic for Open Payment System


08/27/2012

Deal expands largest North America transit industry public private partnership
 
SAN DIEGO, Calif. - August 27, 2012 - Cubic Transportation Systems has been approved by the Chicago Transit Authority to deliver the agency’s Open Standards Fare System (OSFS) to suburban bus operator Pace. The deal expands the largest North America transit industry public private partnership for fare collection systems and services, increasing Cubic’s original contract by approximately $50 million to $508.9 million. Cubic Transportation Systems is a business segment of San Diego-based Cubic Corporation (NYSE:CUB) and a leading integrator ofpayment and information technology and services for intelligent travel solutions. 
          
The OSFS will let CTA and Pace customers pay their transit fares with any contactless bankcard that conforms to industry standards, the same way they can pay for goods and services in the retail world.  CTA rail station turnstiles and CTA and Pace buses will have card readers that accept payment with a simple tap of the card.  As they become more available in the marketplace, NFC-enabled mobile phones with bankcards residing on them will also be accepted in the system.  
 
For customers without a bankcard, contactless reloadable prepaid cards will be sold at retail stores and vending machines in CTA stations.  Pace’s participation will add another 500 stores to the retail network where the reloadable cards are sold, bringing the number to 2,500 locations across Chicago and neighboring communities.  Pace is one of the largest bus services in North America and covers an area of more than 3,500 square miles.
 
“We at Pace are excited to be a part of this groundbreaking way to pay that will set the standard for transit agencies going forward,” said T.J. Ross, Pace’s executive director.  “It will simplify fare payment for our customers and simplify fare collection operations for us.”  
           
“This is the latest example of the regional transit providers working together to better coordinate services to benefit our customers,” said CTA president Forrest Claypool.  “This will enhance our riders’ experience by making fare payment consistent across buses and metros in Chicago and the suburbs, and enable our customers to use the latest in open contactless card and mobile payment technologies.”
             
Cubic® Transportation Systems, Inc. is part of Cubic Corporation. Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services. 
 


Cubic Transportation Systems, Inc., is a leading integrator of payment and information technology and services for intelligent travel solutions.  Cubic delivers integrated solutions that help transport operators manage their operations and services and give passengers choices in the smartest and easiest ways to pay their fares.  Cubic specializes in design, development, manufacture, supply, installation, integration, services and information.  Services provided by Cubic include on-site management, central systems, operations support, patron support, business support and field services.   
 

Every year, nearly 10 billion rides are taken worldwide using Cubic payment and information systems. Cubic has delivered over 400 projects in 40 major markets on five continents. Active projects include London; Brisbane (Southeast Queensland) region, Australia; New York/New Jersey region; Washington, D.C. /Baltimore/Virginia region; Los Angeles region; San Diego region; San Francisco region; Minneapolis/St. Paul; Chicago; Atlanta region; Miami (South Florida) region; Vancouver and Edmonton, Canada; Sydney (New South Wales), Australia; and Scandinavia.


For more information about Cubic, see the company's Web site at 
http://www.cubic.com.  
 

  wanderer53 Sir Nigel Gresley

Location: front left seat EE set now departed

Miamians now can take the Miami Dade Transit's (MDT) Metrorail to and from the Miami International Airport (MIA), including paying their fares on the EASY Card smart card system designed and integrated by Cubic Transportation Systems, the leading integrator of payment and information technology and services for intelligent travel solutions.


Cubic extended the EASY Card system to MIA Metrorail Station under an approximately $1 million option in the original contract with MDT, including new faregates and ticketing machines. Cubic’s Nextfare central system is the information and fare processing backbone of the system. The international system integrator deployed the first phase of EASY Card in a record 15 months, with contract award in June 2008 and launch in September 2009. Less than a year later, Cubic added SFRTA’s Tri-Rail to the EASY Card system.

MDT’s new Orange Line starts at the Miami Intermodal Center, the region’s new ground transportation hub that greets air travelers and gives them options to jump aboard MDT buses or the Metrorail, utilize the car rental facilities or hail a cab. Future services will be available from Amtrak and regional SFRTA.

The EASY Card lets Miami-Dade Transit riders ease their way from parking to rail to bus services across the city, all with a single smart card. The card can be used to pay all transit fares, including transfers between bus and rail. The new EASY Card system is now operational across MDT’s 23 Metrorail stations and in nearly 900 buses.

  wanderer53 Sir Nigel Gresley

Location: front left seat EE set now departed

The Chicago Transit Authority (CTA) and Pace Bus unveiled Ventra, a new fare payment system that will provide CTA and Pace customers with a new and more convenient way to pay for train and bus rides.
Ventra will be available in summer 2013, and will allow customers to pay for rides with the same payment method they use for everyday purchases. Customers can choose from the following contactless payment methods: Ventra Cards, Ventra Tickets for single-ride and one-day passes, and personal bank-issued debit and credit cards equipped with a contactless chip. Customers will simply “tap” their contactless payment card to quickly board trains and buses.
With Ventra, riders will no longer need to carry multiple cards and will not have to worry about having cash on hand or exact change. Additionally, the “tap” transaction will be faster than inserting cash or magnetic-stripe cards into fare equipment, which will speed boarding and improve service.

“Chicago will become the first major U.S. city to adopt an open fare system for transit,” said Forrest Claypool, CTA president.
CTA and Pace will also continue offering special fares and various priced fare products, like 30-day and seven-day passes, and will still accept cash on buses. Customers will also eventually be able to use compatible mobile phones to pay for train and bus rides.
The transit agencies retain full control of their fare structures while enabling customers to easily transfer between both services using the same form of payment.
The Ventra Card is a new dual-purpose card that includes a transit account and an optional Money Network prepaid debit account. In addition to using the card to pay for train and bus rides, CTA and Pace customers can activate the prepaid debit account for everyday purchases like shopping online or buying groceries, and for paying bills and getting cash at ATMs.
Ventra Cards and fare products will be sold at vending machines in rail stations and will be made available at up to 2,500 retail locations throughout Chicago and the suburbs. Many of the locations will be within blocks of CTA rail stations and CTA and Pace bus stops.
Customers are encouraged to visit ventrachicago.com for information and to sign up to receive updates as CTA and Pace implement the new fare payment system.
CTA has been working with Cubic Transportation Systems to design the new system since announcing the partnership in November 2011, when CTA awarded the $454 million contract. Pace joined the contract in July 2012.
Cubic will provide all of the fare collection equipment, maintenance and support. Once the system is live, CTA and Pace will pay Cubic a monthly fee plus a fee per “tap,” or paid fare.
The new system is expected to result in a savings of more than $50 million to the CTA over the life of the 12-year contract and resolves the need for CTA and Pace to upgrade and maintain existing fare collection equipment that is nearing the end of its useful life.
Cubic will begin installing the new Ventra fare machines at rail stations this October, along with new touch-pads on buses and at turnstiles. The fare machines and touch-pads will not be operational until the system’s pilot testing in spring 2013.
Ventra will be available to all customers in summer 2013. At this time, both new and existing fare media will be accepted. In 2014, all CTA and Pace fare media, including the Chicago Card and Chicago Card Plus, will be replaced with Ventra.

  wanderer53 Sir Nigel Gresley

Location: front left seat EE set now departed


Cubic Transportation Systems acquired NextBus Inc. from Webtech Wireless Inc.

NextBus is a North American provider of real-time passenger information systems (RTPIS) with more than 100 transit agency deployments in the U.S. and Canada for a total consideration of approximately $20 million, subject to the terms of the purchase agreement.

The acquisition broadens Cubic's portfolio of transportation solutions. NextBus' customers include the major metro systems in Los Angeles, Toronto, San Francisco, Washington D.C. and Boston, as well as many well-known small and mid-sized transit agencies, universities and colleges, including Chapel Hill Transit, RTC-Washoe (Reno), Saint John Transit, MIT, Georgia Tech, UCLA, University of Maryland and Rutgers University.

NextBus is a Software-as-a-Service (SaaS) solution that improves transit passengers' lives and makes their travel experience better with accurate, real-time arrival information about buses, subways and trains. NextBus also offers travelers a host of other options including a GPS-enabled mobile website for smartphones that instantly recognizes the nearest stops in proximity order and provides real-time arrival information with multiple language capability (English, Spanish and French), and an easy-to-use website compatible with the American Disabilities Act (ADA) guidelines.

The company also provides a robust set of real-time management and dispatch tools that enable transit operators to effectively manage their systems, and is a real-time transit technology leader, providing the industry's most accurate algorithm for predicting arrival times.

  wanderer53 Sir Nigel Gresley

Location: front left seat EE set now departed


Cubic Transportation Systems was awarded a contract for nearly $27 million from the New York Metropolitan Transportation Authority (MTA) to build and integrate the bus hardware system for MTA Bus Time, the authority’s customer information system for bus location and arrival times that will be accessible to riders using an Internet browser-based map, a mobile phone-based application and a text message-based service.

As part of the Bus Hardware System, Cubic will deliver its new Mobile Validator, which will function as the on-board computer and bus location device for the system.

The MTA is rolling out the GPS-based system across the remaining three boroughs after last year’s successful launch in Staten Island and the Bronx. Cubic will install the MTA’s Bus Hardware System on approximately 3,800 buses serving Manhattan, Brooklyn and Queens.

MTA Bus Time was implemented on the Staten Island and Bronx bus fleets last year by a different supplier, in keeping with the MTA’s decision to have at least two suppliers on the program.

  wanderer53 Sir Nigel Gresley

Location: front left seat EE set now departed
IRJ at the 60th UITP World Congress, Geneva: Cubic Transportation Systems has unveiled a new generation of ticket vending machine which allows ticket office and call centre staff to interact directly with passengers in real time.

Cubic says NextAgent can effectively perform all the functions of a normal ticket office remotely, allowing one agent to serve multiple stations from a single location. The unit features a high-definition screen, which displays a live video link, allowing the passenger to talk to the agent throughout the booking process.
The machine includes an integrated camera and document scanner, which means the agent can view tickets and other travel documents. NextAgent can dispense and top up smart cards as well as issuing standard paper tickets and barcode tickets.
Cubic says the machine will allow station staff to remotely serve passengers at other stations during quiet periods, allowing resources to be used more effectively.
NextAgent will also be on show at the APTA Rail Conference in Philadelphia on June 2-3.
  wanderer53 Sir Nigel Gresley

Location: front left seat EE set now departed




SAN DIEGO--(BUSINESS WIRE)--
Cubic Corporation (CUB) announced today that it has completed the acquisition of Serco’s Transport Solutions business for an enterprise value of £43.5 million ($70 million) subject to adjustment as set forth in the purchase agreement. Cubic announced last June that it had entered into exclusive due diligence for the acquisition. Serco’s Transport Solutions business will become a part of Cubic Transportation Systems, a leading integrator of payment and information technology and services for intelligent travel solutions. Serco’s Transport Solutions business is primarily a UK-based transport technology and services business and had revenues in the last calendar year of approximately £42 million ($67 million).



For more than 20 years, Serco’s Transport Solutions business has specialized in the development and supply of complex traffic management systems for the monitoring and control of urban and intra-urban road networks, encompassing integrated traffic and incident management, decision support, bus tracking and passenger information through integrated user interfaces.
The business also provides safety camera and associated back office solutions as well as a complete capability for the installation and maintenance of intelligent transport systems and equipment, such as maintaining over a third of London’s traffic lights.
“We’re delighted that Serco’s Transport Solutions team today becomes part of the Cubic family,” said Steve Shewmaker, president of Cubic Transportation Systems and executive vice president of Cubic Corporation.
“The business has excellent specialist knowledge and capability in the enforcement, road and traffic markets, which is integral to our own NextCity vision of integrated solutions that help transport operators manage their operations and services and give travellers informed choices when deciding how and when to make their journeys.
“Additionally, Transport Solutions includes amongst its customers Transport for London and Transport for New South Wales, which are already Cubic customers, as well as other major organizations such as the Highways Agency and Transport Scotland. Taken all together, that business mix means the acquisition and subsequent integration of the business is a move that is both logical and exciting for Cubic.”
David Stretch, Serco’s partnership director for Transport, said, “As part of Serco’s proactive portfolio management and following a strategic review of our UK transport operations, Serco has decided to divest its UK-focused Transport Solutions and London Streets Maintenance business. Transport continues to be a key market for Serco in which we are bidding for a number of major new transport contracts and where we will continue to deliver high-quality services, drive innovation and pursue growth opportunities for our customers. I would like to thank colleagues for their hard work and commitment in building Transport Solutions into a successful business.”
Serco Transport Solutions employs 253 people across the UK and three in Australia with offices in Stockton on Tees, Beckton (East London), Belfast, Birmingham and Cumbernauld, near Glasgow, as well as in Sydney, Australia.
About Cubic Corporation
Cubic® Transportation Systems, Inc., is part of Cubic Corporation. Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems and secure communications systems. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services for U.S. and allied nations.
Cubic® Transportation Systems, Inc., is a leading integrator of payment and information technology and services for intelligent travel solutions. Cubic delivers integrated systems for transportation and traffic management, delivering tools for travelers to choose the smartest and easiest way to travel and pay for their journeys, and enabling transportation authorities and agencies to manage demand across the entire transportation network – all in real-time. Cubic specializes in design, development, manufacture, supply, installation, integration, services and information. Services provided by Cubic include on-site management, central systems, operations support, patron support, business support and field services.
Every year, nearly 7 billion rides are taken worldwide using Cubic payment and information systems. Cubic has delivered over 400 projects in 40 major markets on five continents. Active projects include London; Brisbane (Southeast Queensland) region, Australia; New York/New Jersey region; Washington, D.C./Baltimore/Virginia region; Los Angeles region; San Diego region; San Francisco region; Minneapolis/St. Paul; Chicago; Atlanta region; Miami (South Florida) region; Vancouver and Edmonton, Canada; Sydney (New South Wales), Australia; Germany; and Scandinavia.
For more information about Cubic, see the company’s website at http://www.cubic.com.
About Serco
Serco is an international service company, which combines commercial know-how with a deep public service ethos.
Around the world, we improve essential services by managing people, processes, technology and assets more effectively. We advise policy makers, design innovative solutions, integrate systems and - most of all - deliver to the public.
Serco supports governments, agencies and companies who seek a trusted partner with a solid track record of providing assured service excellence. Our people offer operational, management and consulting expertise in the aviation, BPO, defence, education, environmental services, facilities management, health, home affairs, information and communications technology, knowledge services, local government, science and nuclear, transport, welfare to work and the commercial sectors.
More information can be found at [i]www.serco.com[/i].
Serco’s transport business
Serco delivers innovative transport solutions, whether by air, road, water or rail, to public transport authorities, government departments and commercial enterprises around the world.
Our focus on operational efficiencies and improving sustainability support our customers in meeting their strategic aims and objectives. Serco's experience in providing a wide range of multi-modal transport solutions in Asia, Europe, the Middle-East and North America enables us to tailor our services to meet the needs of a diverse travelling public. Our aim is to ensure that by delivering high-quality services, we can make a difference to people's journeys and lives.
Serco has a successful track record and compelling offer in both the UK and global light and heavy rail markets. We operate the UK's largest passenger rail franchise, Northern Rail as well as Merseyrail with our joint venture partner, Abellio. Since 1997, Serco has operated and maintained London’s award-winning Docklands Light Railway (DLR). In Australia, we own Great Southern Rail which operates the iconic tourist trains - The Indian Pacific, the Ghan and the Overlander - and in the Middle East we have been operating the driverless Dubai Metro system since 2008.
Serco operates the iconic Barclays Cycle Hire Scheme in London on behalf of Transport for London (TfL). Launched in 2010, Serco designed, built and implemented this innovative scheme, in conjunction with TfL. Today, the scheme has seen over 25 million hires and has been expanded across the capital.
Also, in the UK, Serco operates NorthLink Ferries to the Shetland Islands and Orkney Islands, building on our experience delivering a range of marine support services for the Royal Navy. In the USA, Serco provides a bus transportation service to and from Washington Dulles International Airport for the US National Conservation Training Centre. We also provide on demand and scheduled bus services for the UK’s Royal Air Force.
Serco is the only significant non-government provider of air traffic services in the world. We operate on a global basis and handle about six million aircraft movements each year at airports in Europe, the Middle East and North America on behalf of the UK’s Ministry of Defence, the US Federal Aviation Administration and the United Arab Emirates’ Area Control Centre in Abu Dhabi.
Serco also recently secured a major US contract to integrate and operate the state of Virginia’s five transport operation centres.

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