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Cubic Wins $19.9 Million Israeli Defense Forces Contract

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The Department of Defense awarded San Diego-based Cubic Corporation (NYSE: CUB  ) a $19.9 million contract modification Friday, amending a previously awarded firm-fixed-price, foreign-military-sales contract in support of the Israeli military.

The contract in question involves the sale of Israeli Defense Forces Engagement Skills Trainer 2000 Plus Systems and related services to the IDF. The EST2000 is a combat simulator used by the IDF to train on a variety of small arms systems, from M16 and M4 rifles all the way up to mortars and LAW and RPG rockets. Essentially a hi-tech shooting gallery, the EST trains troops in marksmanship, small unit tactics, and "shoot/don't shoot" techniques and skills.

Cubic collaborates with local firms such as Israel's Rafael and Bagira Systems in tailoring the EST2000 to the requirements of the IDF.


 

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Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

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7/29/2015 4:02 PM
CUB $44.80 Up +0.15 +0.34%
Cubic CAPS Rating: **

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