Cubic Announces Settlement of Litigation Related to London Transit Contract.SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- Cubic Corporation (AMEX AMEX See: American Stock Exchange :CUB) announced today the settlement of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. with its former subcontractor on the PRESTIGE contract in London. In accordance with the terms of the settlement, the details are confidential. Cubic Corporation is parent of two major segments: transportation and defense. Cubic Transportation Systems designs and manufactures automatic fare collection systems for public transit authorities throughout the world, including rail, bus and parking lot systems. The Cubic Defense Applications group provides realistic combat training systems for military forces as well as simulation, force modernization, educational services, operations & maintenance and manufacturing services. The group also supplies products and systems for C4ISR C4ISR Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance C4ISR Command, Control, Communications, Computer, Intelligence, Surveillance and Reconnaissance C4ISR Command Control Communications Computers Intelligence Surveillance and Reconnaissance (Command, Control, Communications, Computers, Intelligence, Surveillance & Reconnaissance) applications, search and rescue avionics and radio communications for military and civil markets. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion