Cubic to Deliver P5 Combat Training System to the US Air Force and International Customer

Cubic Corporation (NYSE:CUB) today announced its Cubic Global Defense business division has been awarded a P5 Combat Training System (P5CTS) contract by the United States Air Force (USAF). The order includes additional P5CTS airborne subsystems (pods) for the USAF, plus pods and associated ground subsystems for a foreign military sales (FMS) customer. The P5CTS provides high-fidelity, live mission training capabilities for advanced weapons and tactics training. The P5CTS enhances U.S. and coalition air combat training and allows warfighters to train as they fight.

"Cubic, along with principal subcontractor for the airborne instrumentation pod Leonardo DRS, are very pleased to continue delivering our P5CTS to the USAF and our international customers. With over 2,000 P5CTS pods and associated ground systems in use around the world today, this large order from the USAF demonstrates the continued training value P5CTS provides on a daily basis from unit level training up to large force training exercises such as Red Flag," said Jonas Furukrona, vice president and general manager of air training solutions, Cubic Global Defense. "Cubic and Leonardo DRS are continually making capability improvements to the system in support of the USAF goal of sustaining the P5CTS program of record beyond 2030. Our system sets the standard for joint and coalition training. We look forward to working closely with the USAF and our international customer to deliver a system that enables operators to attain maximum readiness from every valuable flight hour."

Training for today's advanced threats to air combat operations requires adaptable, high-fidelity training tools. The P5CTS is designed to provide tailorable and scalable instrumentation solutions that best support warfighter needs in air-to-air, air-to-ground and surface-to-air combat training missions.

The globally fielded P5CTS enhances real-time and post-mission training by displaying the live-air picture, recording mission data, adjudicating weapons engagements, and relaying Time, Space and Positioning Information (TSPI) between participating aircraft during training sorties. Key components of the system include secure, GPS-enabled, aircraft-mounted airborne instrumentation "pods" plus ground stations, which help aircrew conduct, monitor and control air combat training and post-flight debriefing.

About Cubic Corporation

Cubic is a technology-driven, market-leading provider of integrated solutions that increase situational understanding for transportation, defense C4ISR, and training customers worldwide to decrease urban congestion and improve the militaries' effectiveness and operational readiness. Our teams innovate to make a positive difference in people's lives. We simplify their daily journeys. We promote mission success and safety for those who serve their nation. For more information about Cubic, please visit www.cubic.com or on Twitter @CubicCorp.