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ESSEX CORPORATION REPORTS AWARD OF MAJOR CONTRACT

 COLUMBIA, Md., June 14 /PRNewswire/ -- Essex Corporation (NASDAQ-NMS: ESEX) reported today that the company has been awarded a $240,000 commercial contract by the Cubic Corporation (AMEX: CUB), Automated Revenue Collection Group, Tullahoma, Tenn., to fabricate and assemble electromechanical receiver assemblies and mobile vaults. These units are elements of Cubic Corporation's system for subway and bus revenue collection, transportation, transfer and storage. The contract, to be performed by the Essex Space and Defense Division (SDD), Huntsville, Ala., is a result of the company's increased efforts to develop commercial business.
 Essex Corporation is a publicly-traded technology-based company supplying training/counter human-error products and services and signal and image processing apparatus to government and industry.
 -0- 6/14/93
 /CONTACT: Harry Letaw Jr., chairman and CEO, Essex Corporation, 410-730-1097/
 (ESEX CUB)


CO: Essex Corporation; Cubic Corporation ST: Maryland IN: SU: CON

IH-TW -- DC013 -- 1622 06/14/93 11:57 EDT
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Publication:PR Newswire
Date:Jun 14, 1993
Words:148
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