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Stock Market & Financial Investment News

News Breaks
December 18, 2012
13:18 EDTCUBCubic acquires NEK Special Programs Group for $52M
Cubic Corporation disclosed in a regulatory filing that Cubic and NEK Services, its wholly-owned subsidiary, acquired the operating assets of NEK Special Programs Group, a Special Operation Forces training business based in Fayetteville, North Carolina and Colorado Springs, Colorado. The assets are being acquired for a total consideration of $52M subject to the terms of the purchase agreement and include more than 200 operational and technical experts of NEK’s Special Operations Forces training business, Cubic said.
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July 28, 2014
15:12 EDTCUBCubic awarded contract over $8M for SmarTrip devices
Cubic Transportation Systems has been awarded a contract for more than $8M to convert existing paper magnetic farecard vending machines to sales and reload devices for SmarTrip, the contactless smart card for the Washington Metropolitan Area Transit Authority, the company announced. The project is part of the agency’s plan to eliminate paper ticketing from its fare system to all contactless media by Spring 2016.

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