CUBIC

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CUBIC CORPORATION (aka CT)
Official Website: http://www.cubic.com
Official about page: [ ]
Country: Please specify country
Location: Cubic Corporation Headquarters.9333 Balboa Avenue, San Diego, California 92123 USA

Corporate Legislative Affairs, Crystal Gateway Two, Suite 601, 1225 S. Clark Street, Arlington, Virgina 22202 USA

Founded: 1949
Business:
Contact
Phone: +1-858-277-6780 Headquarters +1-703-415-1600 Legislative
Fax:

Background

"Cubic Corporation (Cubic), incorporated in 1949, is involved in the design, development, manufacture, integration, installation, operation, maintenance, and support of high technology products and systems.

The Company is also a provider of training, operations, intelligence, maintenance, technical, and other support services to the United States Government and allied nations.

The Company is focused on the defense and transportation markets and has also added cyber security and asset tracking businesses.

The Company operates in three reportable segments: transportation systems, defense systems and mission support services."


As of August 22, 2012 Cubic Corporation was notified by the staff of the New York Stock Exchange (NYSE) that they were not in compliance with required reporting regulations See also: The Associated Press, August 1, 2012 Cubic Corp. to restate earnings for past 3 years

"San Diego-based Cubic Corp. said on Wednesday that it will restate earnings for the past three fiscal years after a review discovered errors in how the electronics company accounted for revenue from long-term development contracts as well as certain service contracts."

Why is Cubic Corporation having such difficulty keeping track of their finances and filing reports on time?

Who in Cubic has this responsibility?

  • Mark A. Harrison, CPA, is Chief Accounting Officer, Vice President, Corporate Controller of Cubic Corp. He served as Vice President and Corporate Controller since 2004 and Vice President—Financial Planning and Accounting from 2000 to 2004. Salary/Compensation in 2011 $618,954.00
  • John D. Thomas, CPA, MBA, is the Vice President - Finance, Vice President - Corporate Development of Cubic Corp. He served as Vice President Finance since 1994 and also Vice President Corporate Development since 2008. He has held a variety of financial management positions with the Corporation since 1980. Salary/Compensation in 2011 $714,726.00

Probably more than just Thomas and Harrison. Cubic is spending millions of dollars on accounting, yet not in compliance with the reporting regulations of the New York Stock Exchange. Appears at this point that the U.S. Securities Exchange Commission should investigate.


History of CUBIC

Prior to 1951, Walter J. Zable worked for General Dynamics Convair, that spawned the Cubic Corporation. Walter J. Zable died in 2012, leaving his son Walter C. Zable as the Cubic Chairman of the Board.


Cubic Corp. is a spawn of General Dynamics LA Times 5.17.1992


Subsidiaries of Cubic Corporation


  • March 8, 1994: Cubic buys Titan Corp - Applications Group for $21 million cash

Titan's Simulator Line in Sale Pact: Titan Corp. in San Diego said it agreed to sell its Applications Group, a provider of simulator services for Army training, to Cubic Corp. for $21 million cash. Cubic, also based in San Diego, is also a supplier of military training and simulation systems as well as automated fare-collection equipment. Titan said it wants to focus on its information systems and services lines, particularly in commercial markets. The sale is expected to close next month. Times Staff and Wire Reports and Titan Applications became Cubic Applications Inc. A privately held company and subsidiary of the Cubic Corporation. Titan Applications was founded in 1998 and located in Lacey, Washington, where it is still located.Businessweek Founded in 1988 Cubic Applications Inc. operates as a subsidiary of Cubic Corporation since 3.8.1994



"Cubic Defense Applications Inc., the defense systems unit of Cubic Corporation (NYSE: CUB), announced today that it has acquired Safe Harbor Holdings, Inc., a Vienna, Virginia-based supplier of customized hardware and software for cyber solutions." See also BizJournal In addition to Safe Harbor Holdings, they have Safe Harbor Systems that has a parent company LLD

  • December 2010: Cubic acquired XIO Strategies, a logistics consulting firm.

XD-Solutions, LLC is owned by Cubic Corporation



ABRAXAS CORPORATION, Herndon, Virginia 100%


ABRAXAS DAUNTLESS, INC., Herndon, Virginia 100%

  • (100% owned subsidiary of Abraxas Corporation)


ADVANCED COMBAT TRAINING SYSTEMS, LIMITED, Tel Aviv, Israel 100%

  • (100% owned subsidiary of Cubic Defense Applications, Inc.)


CTS — NORDIC AKTIEBOLAG, Malmo, Sweden 100%

  • (100% owned subsidiary of Cubic Transportation Systems Limited)


CUBIC TRANSPORTATION SYSTEMS NORDIC AS, Bergen, Norway 100%

  • (100% owned subsidiary of Cubic Transportation Systems Limited)



CUBIC APPLICATIONS ADVANCED SERVICES, INC., San Diego, California 100%


CUBIC APPLICATIONS, INC., Lacey, Washington 100%


CUBIC COMMUNICATIONS, INC., San Diego, California 100%


CUBIC CYBER SOLUTIONS, INC., Vienna, Virginia Delaware 100%


CUBIC DEFENSE APPLICATIONS, INC., San Diego, California 100%


CUBIC DEFENCE AUSTRALIA PTY LIMITED, New South Wales, Australia 100%


CUBIC DEFENCE NEW ZEALAND, Auckland, New Zealand 100%*

  • (100% owned subsidiary of Cubic Holdings Ltd.)


CUBIC DEFENCE SYSTEMS LIMITED, London, United Kingdom 100%

  • (100% owned subsidiary of Cubic (UK) Limited)




Cubic Corporations "Segments"

Cubic Corporations claims to operate through three segments:


Cubic Transportation Systems

The Cubic Transportation Systems segment develops and delivers fare collection systems and turnkey services for public transit authorities. This segment offers hardware, software, and multiagency and multimodal transportation integration technologies, as well as provides operational services that allow agencies to collect fares, manage their operations, reduce fare evasion, and make using public transit.


Cubic Defense Systems

The Cubic Defense Systems segment supplies live and virtual military training systems, and communication systems and products to the U.S. Department of Defense, other government agencies, and allied nations. This segment offers instrumented range systems for fighter aircraft, armored vehicles, and infantry force-on-force live training; weapons effects simulations; laser-based tactical and communication systems; precision gunnery solutions; multi-band communication tracking devices; and cross domain hardware solutions to address multi-level security requirements.

are part of the defense segment of Cubic Corporation, a world leader in realistic combat training systems, mission support services and defense electronics.


Mission Support Services (MSS)

  • MSS includes four Cubic subsidiaries:

1. Abraxas Corporation "As of December 20, 2010, ABRAXAS CORPORATION operates as a subsidiary of Cubic Corporation." Businessweek

2. Cubic Applications, Inc. (CAI) Businessweek "Cubic Applications Inc. operates as a subsidiary of Cubic Corporation."

3. Cubic Worldwide Technical Services, Inc. (CWTS) Businessweek "Cubic Worldwide Technical Services, Inc. operates as a subsidiary of Cubic Corp."

4. Omega Training Group, Inc. Businessweek

7.29.2008 Cubic Corporation Completes Acquisition of Omega Training Group, Inc.


The Mission Support Services segment provides support services, including live, virtual, and constructive training; real-world mission rehearsal exercises; professional military education; intelligence support, information technology, information assurance, and related cyber support; development of military doctrine; consequence management, infrastructure protection, and force protection; risk mitigation services, and subject matter and operational expertise for law enforcement and homeland security clients; and support services related to field operations, force deployment and redeployment, and logistics." Businessweek


"Under the contract, Cubic will assist General Dynamics in supporting both JEXP Concept Development and experimentation events. Tasks for the GD/Cubic team may include helping to improve military capabilities by exploring, testing, evaluating and establishing new changes based on proposals for changing military doctrine, organization, training, materiel, leadership, personnel and facilities.

"Warfighting experiments conducted by JEXP and the Joint Futures Lab are an important part of transformation, a process that helps our country identify new skills and technologies needed in this new era of asymmetric warfare," said Rich Bristow, vice president and general manager of Cubic's Operations Support Division based in Hampton, Va.

Cubic has had a presence in the Tidewater area of Virginia since 1994, when it helped establish the Joint Warfighting Center (JWFC) at Fort Monroe, Va., and currently has more than 160 employees supporting JWFC. In addition to working on the Joint National Training Capability initiative, the employees assist combatant commands by helping to coordinate support and seminars, wargames and live, virtual and constructive training exercises -- as well as providing mission rehearsal support for real-world events.

"Cubic is proud to have an additional opportunity to support JFCOM in this effort to maintain and extend strategic superiority," Bristow said.

Cubic's Operations Support Division is part of the Mission Support Business Unit of Cubic Defense Applications (CDA). CDA provides realistic combat training systems for military forces, as well as mission support services for training and exercises, modeling and simulation, force modernization, educational services, curriculum design and development, web-based learning solutions, operations and maintenance and manufacturing services. The group also supplies products and systems for C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance) applications, search and rescue avionics and radio communications for military and civil markets. The corporation's other major segment, Cubic Transportation Systems, designs and manufactures automatic fare collection systems for public mass transit authorities. " - 8.17.2004: Cubic to Receive Share of Joint Forces Support Business Under New General Dynamics Advanced Information Systems Contract

Products

NOTE: Cubic Corporation and their subsidiary companies have numerous products and services. Please only list those that provide or are connected to online surveillance, include the link to your source, evidence and which of the Cubic companies. Thank you.


Countries using products

Cubic locations United States, Europe, the Far East, and Australia.

"Cubic provides fare collection systems and services in London, Germany, Sweden, Italy, Australia, Atlanta, New York-New Jersey, Philadelphia and Los Angeles, among others. Services range from central ticketing system and network operations, regional clearing and settlement, card management, card distribution, retail agent management, cardholder support, and asset management. Additionally, Cubic has supplied comprehensive smart card AFC systems toWashington-Baltimore-Northern Virginia, Chicago, San Diego, Minneapolis, Vancouver, Miami and numerous commuter railways in the United Kingdom." and San Francisco, BART

Brazil and Armenia

"In the recent past, CDNZ was awarded major resupply contracts from the company’s existing customer base. The company also won additional contracts for some 8,000 simulation devices from defence forces in India, Australia, New Zealand, Ireland, Sweden, Finland, Switzerland and the United States."

Reports

Media - News, Blogs & Video publications

  • 2.1.2013: Why Is Barrett Brown Facing 100 Years in Prison? By Patrick McGuire VICE
  • 8.20.2012 Cubic continues campaign to distance itself from TrapWire ‘big brother’ surveillance company Daily Caller / Yahoo News
  • "Cubic Wins Training Contract Worth $120 Million from Middle East" DefenseWorld
  • Information about Cubic press statement [1]

U.S. Securities Exchange Commission Filings

Tech & Business Partners

  • U.S. Department of Defense (DoD) joint contract (The Naval Air Warfare Center Training Systems Division, Orlando, Fla., is the contracting activity.) with Cubic Worldwide Technical Services, Inc.,
  • Boeing (NYSE: BA)
  • CSC (NYSE: CSC)aka Computer Sciences Corporation.
  • L-3 (NYSE: LLL)
  • LB&B Associates, Inc.


  • AC4S
  • Accenture
  • Alion Sciences
  • ANC R & D
  • Apogee Solutions
  • NCI
  • QinetiQ
  • SRC (formerly Syracuse Research Corporation)
  • Sumaria


2011 Cubic Wins $120 Million Contract in 20 locations in the Middle East with Mystery Gov (?) "Worth more than $120 million including various options, it is the largest single contract ever awarded to Cubic's Simulation System Division, based in Orlando, Florida. Under the contract, Cubic will provide immersive training equipment for a variety of weapons at more than 20 sites. The capabilities include a wide range of tactical requirements including sniper, mortar and close air support."


Cubic / XIO Customers include,

  • Alien Technology
  • Defense Logistics Agency Energy (DLAE)
  • U.S. Department of the Army (Brigade Combat Team (BCT) Modernization and Walter Reed Army Medical Center)
  • U.S. Department of the Navy (NMCI, Navy AIT and NAVSEA)
  • Lockheed Martin
  • Menlo
  • Navistar
  • Procter & Gamble (P&G)
  • Science Applications International Corporation (SAIC)
  • Under Secretary of Defense for Acquisition, Technology, and Logistics - UID Policy Office
  • Under Secretary of Defense for Supply Chain Integration
  • U.S. General Services Administration (GSA)
  • U.S. Marine Corps
  • U.S. Office of Personnel Management (OPM)
  • U.S. Transportation Command (TRANSCOM)

People Responsible

Cubic Corporation - Board Members & Officers

Board Members and Corporate Officers with pics

"Walter J. Zable is the founder, and former Chairman of the Board, President and Chief Executive Officer for Cubic Corporation. He formed the company in 1951, the year that Cubic introduced its first product—a device for measuring and testing microwave output.

Prior to forming Cubic, he served as project supervisor in charge of electronics for the Atlas and Terrier missiles, microwave, and antenna development sections at General Dynamics Convair. His background includes engineering and management posts with Sperry Gyroscope Company, where he directed development of fire control, guidance, communications, and command and control systems. Zable also held key technical, scientific and administrative positions with Federal Telecommunications Laboratories of ITT, Flight Research Company, and Newport News Shipyard and Drydock Company.

Throughout his lifetime, Zable was honored with many awards for his contributions as an electronics innovator, entrepreneur, and philanthropist. In June 2005, the City of San Diego recognized his contributions to technology and the community by declaring "Walter J. Zable Day" in his honor. In November 2006, he was named Entrepreneur of the Year by Ernst & Young, which also honored him with a San Diego Lifetime Achievement Award.

Originally from Boston, Zable held a master's degree in physics and mathematics, as well as an honorary doctorate of law from his alma mater, the College of William and Mary in Williamsburg, Virginia.


  • William W. Boyle MBA, Interim CEO, Interim President, CFO, Director and Member of Executive Committee, Cubic Corporation

Age: 77 Total Annual Compensation: $1.0M

Mr. William W. Boyle, MBA has been Chief Financial Officer of Cubic Corporation since 1983 and also has been its Interim Chief Executive Officer and President since June 2012 and served as its Senior Vice President until June 2012. Mr. Boyle served as Vice President of Cubic Corp. He has been a Director of Cubic Corp. since 1995.

Mr. Boyle serves as a member of the West Coast Advisory Board of Protection Mutual Insurance Company.

Previously, Mr. Boyle held management positions with General Electric, Occidental Petroleum, and the Wickes Corporation.


  • Walter C. Zable, Chairman of The Board, Vice President, Chairm...

Age: 65 Total Annual Compensation: $758.9K


  • John D. Thomas CPA, MBA, Vice President of Finance and Corporate Development

Age: 58 Total Annual Compensation: $675.4K


  • Mark A. Harrison CPA, Chief Accounting Officer, Vice President and ...

Age: 54 Total Annual Compensation: $569.6K


Cubic Defence New Zealand Limited

Founded in 1987, formerly Oscmar International Ltd. website 25-34 Shaddock Street, Eden Terrace, Auckland, 1021 New Zealand

Phone:64 9 379 0360 Fax:64 9 373 9799

Key Executives include

  • Mike Stanbridge, Managing Director
  • Mike Toxopeus, General Manager

"Mr. Mike Toxopeus has been General Manager of Cubic Defence New Zealand Limited since March 2011. Before joining Cubic in mid February, Mr. Toxopeus was the Industrial Services Business Manager for SGS in New Zealand. Mr. Toxopeus joined the Royal New Zealand Navy out of high school as a Marine Engineering Officer. He served in a variety of sea, shore and overseas postings before being appointed as the Director of Marine Engineering with the Naval Staff. After nearly 21 years of service, he left the Navy in 2005 with a rank of Commander. Mr. Toxopeus holds a Master's Degree in Business Administration from the University of Auckland; a Master of Science degree in Marine Engineering (Gas Turbines) from Plymouth University in the United Kingdom; and a Bachelor of Engineering degree in Mechanical Engineering (with Honors) from the University of Auckland."

Cubic Worldwide Technical Services, Inc.

Founded in 1992

2280 Historic Decatur Road, Suite 200, San Diego, CA 92106 United States

Phone:+1 619-523-0848 Fax:1+ 619-523-0855

  • No Executives listed in Bloomberg Businessweek
Cubic Corporation - Segment Companies

Management Team

  • Jimmie (Jim) Balentine, President of Cubic's Mission Support Services (MSS)

Responsible for the development, management, and execution of Cubic's government services business. MSS includes four Cubic subsidiaries: Cubic Applications, Inc. (CAI), Cubic Worldwide Technical Services, Inc. (CWTS), Omega Training Group, Inc., and the Abraxas Corporation. Balentine is also President of CAI, CWTS, and Omega.

Balentine has more than 28 years of senior level corporate experience ranging from program manager through executive levels of management. He joined Cubic in 1994 when Cubic acquired Titan Corporation's Applications Division. Prior to joining Titan in 1987, he worked with Logicon for five years as a business developer, program manager, and division general manager.

Balentine served more than 23 years on active duty as a commissioned officer in the U.S. Army and held key command and staff positions from battalion through division, Department of the Army, joint combatant command.

He earned a bachelor’s degree in management and economics from Seattle University, with graduate level studies in computer science at Kansas State University.


  • Bradley Feldmann, President of Cubic Defense Applications, Inc., the defense systems business of Cubic Corporation.

As President, he oversees Cubic's core air and ground combat training businesses as well as its defense communications, homeland security, advanced development activities, and Cubic Global Tracking Solutions. Feldmann worked at Cubic Defense Systems, the forerunner of Cubic Defense Applications, from 1989 to 1999.

Prior to Cubic, he held senior leadership positions at various firms in the defense electronics, information technology and security domains. From 2007 until rejoining Cubic in 2008, he was Chief Operating Officer of Omniplex World Services Corporation, a provider of personnel security services to civilian, military and government clients.

Feldmann holds a master of business administration in finance from San Diego State University. He is a top graduate of the U.S. Air Force Squadron Officers School and a distinguished graduate of the U.S. Air Force Academy.


  • Stephen Shewmaker, President of Cubic Transportation Systems worldwide and has overall responsibility for the company's global business, which includes the United States, Europe, the Far East, and Australia.

A Cubic executive for more than 20 years, Shewmaker served as managing director for the company’s United Kingdom operations from 2006 to 2009, during which time he had overall responsibility for Cubic’s interests in the United Kingdom and mainland Europe transportation markets. He received his bachelor’s degree in communications/business from Loyola Marymount University, Los Angeles.


  • Cubic Defense Applications, Inc. Announces Executive Appointments

Jul 11 12

Cubic Defense Applications, Inc. has appointed a new chief operating officer and a new vice president, human resources. Dave Schmitz, has been named for the newly created position of chief operating officer. Schmitz will be responsible for all facets of CDA's worldwide operations, engineering and product line day-to-day performance, and will directly support business development initiatives.

He will report to CDA President Brad Feldmann. He was formerly the vice president and general manager of Cobham Sensor System's microwave business. Schmitz has more than 20 years defense electronics industry experience in radar, electronic warfare and missile and space domains involving F-35, F-16, B-2, F/A-18 aircraft and several missile programs.

Donald Haring has been named CDA's vice president, human resources, replacing John Schierer, who was named corporate vice president of human resources. Haring has had significant human resources experience during his career. He most recently served as vice president for corporate human resources at Thomas & Betts, a major multinational electrical products firm.


Skip Clarkson, Assistant Site Manager/Lead Analyst

Cubic Applications, Inc.

II MEF Simulation Center, II MEF Special Operations Training Group,

Camp Lejeune, North Carolina USA

Phone: +1(910) 451-1818 DSN 751-1818

FAX: +1 (910) 451-9047

Email: skip.clarkson@cubic.com




Investors


Major Shareholders

Other Info

IP & Servers

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