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Cubic Communications acquires direction-finding product line.

SAN DIEGO--(BUSINESS WIRE)--Oct. 12, 1995--Cubic Communications Inc. has acquired the direction-finding product-line assets of Ocean Applied Research (OAR) Corp. for an undisclosed amount of cash, it was announced Thursday by Sam F. Arn, CCI chairman and chief executive officer.

OAR is a 27-year-old San Diego-based producer of radio direction- finding products sold to military and commercial customers around the world, Arn explained. Under terms of the sale, CCI has purchased the rights to the name ``Ocean Applied Research'' and the acronym ``OAR.''

This acquisition allows CCI to offer additional direction- finding capabilities with its growing line of surveillance receivers and systems, Arn said. ``With the engineering and manufacturing resources of the combined operations, the OAR product line will be modernized and expanded,'' he added.

OAR will continue operations at its Sorrento Valley facility until it is integrated into CCI's Ponderosa Avenue plant in an orderly manner. It will be managed by Arthur Wigand, currently OAR vice president and general manager, with the new title of vice president, DF Products, of CCI.

CCI, a wholly owned subsidiary of San Diego-based Cubic Corp., is a respected prime contractor to the U.S. and allied armed forces for radio communication and direction-finding equipment, as well as special systems for surveillance and monitoring. CCI also is a major producer of emergency highway radio/telephone call boxes in service along freeways across the country.

CONTACT: Cubic Corp., San Diego

Gerry Reeves, 619/277-6780
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Publication:Business Wire
Date:Oct 12, 1995
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