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|Industry||Public transport and defense|
|Founder||Walter J. Zable|
|Headquarters||San Diego, California, U.S.|
|Bradley H. Feldmann (Chairman, President & Chief Executive Officer)|
Anshooman Aga (EVP & CFO)
|Revenue||890,000,000 United States dollar (2017)|
Number of employees
|6,200 (2020) |
|Divisions||Cubic Mission and Performance Solutions|
Cubic Transportation Systems
Cubic Corporation is an American public transportation and defense corporation. It operates two business segments, Cubic Transportation Systems and Cubic Mission and Performance Solutions, respectively.
Cubic employs 6,200 people globally. Cubic's fiscal year 2014 sales totaled $1.398 billion. Bradley H. Feldmann was named president and chief executive officer of Cubic Corporation in July 2014.
As of May 25, 2021, Cubic has announced the completion of sale to private equity firm Veritas Capital and Evergreen Coast Capital, turning a NYSE company into a private company.
Cubic's operating segments include:
- Cubic Mission and Performance Solutions provides networked command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) capabilities for defense, intelligence, security and commercial missions, as well as realistic combat training systems, secure communications, operations, maintenance, technical and other support services for the U.S. and allied nations.
- Cubic Transportation Systems designs, integrates, and provides outsourced business process and information technology services for automated fare collection systems for public transit operations. Additionally, this segment provides the fare payment infrastructure, including gates, ticket machines and smart card readers, and the back-end or central system for processing and reporting revenue and other data. Services include customer support, software support, and operations services. Cubic Transportation Systems lost the contract for the COMPASS card system used by passengers using San Diego Metropolitan Transit System (SDMTS). Those cards no longer work on September 1, 2021, because they have been replaced by PRONTO cards implemented by INIT, Inc. 
- Cubic Defence New Zealand Ltd (previously, OSCMAR International Limited) is a manufacturer of training and simulations systems for military forces around the world. It is based in Auckland, New Zealand and owned by Cubic Corporation.
DTECH Labs (Acquired 2014)
DTECH Labs provides deployable and tactical communications products and solutions for military, government, first-responders and civilian customers.
Teralogics, LLC. (Acquired 2015)
TeraLogics is a provider of real-time Full Motion Video Processing Exploitation and Dissemination for the Department of Defense, the intelligence community and commercial customers based in Ashburn, Virginia.
GATR Technologies (Acquired 2016)
GATR Technologies manufactures portable, inflatable SATCOM and C4ISR terminals for tactical communications in harsh and forward or remote deployed environments.
Vocality (Acquired 2016)
Vocality provides embedded technology that unifies communication platforms enabling its business, government and military customers to communicate securely using legacy systems with the latest wireless and cellular networks.
PIXIA Corp. (Acquired 2020)
Cubic Transportation Systems
Cubic Transportation Systems, Inc. is a subsidiary of Cubic that provides IT services to the transportation industry. Headquartered in San Diego, California, with offices in North America, Europe, India, and Australia, it is the world's largest operator of public transport fare collection services.
Products and services
- Ticket machines
- Smartcard readers
- Fare-collection gates
- Revenue management services
- Account-based: Chicago's Ventra project for the Chicago Transit Authority and London Oyster Cards are two of Cubic's account-based products.
- Devices: NextAgent is a concept in transport ticketing using high-speed video links enabling customers to interact with ticketing staff in real-time. It is a solution for transport operators to respond to significant trends in ticketing and allows them to balance request in a cost-effective manner by locating ticketing in centralized ticketing "hubs".
- Transit customer support
- Management services to transit agencies
- Real-time passenger information
- Operational planning assistance
- Traffic management
- Predictive analytics
- Cubic's subsidiary, Urban Insights, provides the predictive analytics business.
- Cubic created an integrated payment processing, customer service, and financial management platform for the tolling industry.
- Operational IT services
- Asset management services
- Services include field maintenance, device support, depot repair and part supply, spares and obsolescence, and cash collection.
Cubic has delivered over 400 projects in 40 markets on five continents. Cubic first implemented mobile ticketing technology in 2006 (one year prior to the launch of the iPhone and two years prior to the launch of Android) and now produces multiple mobile fare collection options, including mobile ticketing through barcoding, NFC tools, contact and contactless smartcard payments, and traditional automated fare collection systems. Cubic Transportation Systems manages around 70% of the global market for smart transit cards. As of 2015, Cubic processes more than 24 billion transactions a year.
On August 1, 2012, after discussion with the audit committee, Cubic's management agreed to restate its financial statements for the year ended October 31, 2011, 2010, and 2009. Consequently, Cubic was forced to restate all of its previous Quarterly financial statements. What prompted the restatement was an issue with the revenue recognition policy adopted by management. The restatement produced an increase in equity of $26.9 million.
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