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Stock Market & Financial Investment News

News Breaks
March 3, 2014
07:04 EDTCUBCubic completes Intific acquisition
Cubic today that it has completed the acquisition of Intific. Intific will become part of the Cubic Defense Systems segment. Intific completed FY13 with approximately $14M in revenue and employs 80 personnel primarily located in Austin, Texas and Alexandria, Virginia. The acquisition enables Cubic to broaden its presence in a variety of adjacent businesses in the cyber security, next generation defense technologies including game based learning solutions, and transportation related training applications. Intific brings a wide range of expertise to Cubic including computer simulation, animation, human-machine interaction, robotics, neuroscience, visualization, gaming, and artificial intelligence. Intific’s core software and gaming competencies are aimed at the creation of simulations for planning, operation rehearsal, location familiarization, and decision making.
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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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