Cubic, AMTI Team Wins $53 Million ID/IQ Contract; To Provide Engineering, Other Services for C4ISR Anti-Terrorism Efforts.SAN DIEGO -- Cubic Corporation (AMEX AMEX See: American Stock Exchange :CUB) announced that its defense segment is part of a team headed by Applied Marine Technology Inc. (AMTI) of Virginia Beach, Va., that received a $53 million indefinite-delivery/indefinite-quantity (ID/IQ ID/IQ Indefinite Delivery/Indefinite Quantity ID/IQ Indefinite Duration/Indefinite Quantity ) multiple award contract from the Space and Naval Warfare (SPAWAR SPAWAR Space & Naval Warfare Systems Command (US Navy) SPAWAR Space Warfare ) Systems Center, Charleston, S.C. The contract is for engineering, analytical, technical, and programmatic support services for Global War on Terrorism Terrorist acts and the threat of Terrorism have occupied the various law enforcement agencies in the U.S. government for many years. The Anti-Terrorism and Effective Death Penalty Act of 1996, as amended by the usa patriot act Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance An activity that synchronizes and integrates the planning and operation of sensors, assets, and processing, exploitation, and dissemination systems in direct support of current and future operations. This is an integrated intelligence and operations function. Also called ISR. (C4ISR) systems and projects. This one-year, cost-plus-incentive-fee performance-based contract includes four one-year option periods that, if exercised, would bring the cumulative value of the contract close to $272 million. Cubic is one of seven subcontractors to AMTI under the new contract. The company's primary responsibility will be to supply training and analytical support. Cubic's Operations Support Division, based in Hampton, Va., will perform the work, which is expected to be completed by May 2006. The Operations Support Division is part of the Mission Support Business Unit of the Cubic Defense Applications group. "This contract award is Cubic's second initiative with AMTI, a Virginia business that has played an increasingly important role in preparing federal, state and local governments to respond to potential terrorist attacks," said Rich Bristow, vice president and general manager of Cubic's Operations Support Division. "Cubic employees also supported AMTI in planning and executing the recently concluded TOPOFF TOPOFF Top Officials (US national-level terrorism exercise) 3 training exercises, which are sponsored by the Department of Homeland Security Noun 1. Department of Homeland Security - the federal department that administers all matters relating to homeland security Homeland Security executive department - a federal department in the executive branch of the government of the United States ." The Cubic Defense Applications group is one of Cubic's two major segments. Cubic Defense Applications is a world leader in realistic combat training systems, mission support services and defense electronics. The corporation's other major segment, Cubic Transportation Systems, designs and manufactures automatic fare collection systems for public mass transit authorities. For more information about Cubic, see the company's website at www.cubic.com. |
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