Cubic joins winning Orion Technology Inc. team
to bid for U.S. Army logistics support contracts

SAN DIEGO, Calif. – Jan. 30, 2007 -- The defense segment of Cubic Corporation (Amex: CUB) is part of a contractor team that recently received a five-year Indefinite Delivery/Indefinite Quantity (ID/IQ) contract that will allow the team to bid for up to $9 billion in U.S. Army logistics contracts. The U.S. Army’s Southern Region Contracting Center-East selected a team headed by Orion Technology Inc. of Huntsville, Alabama, as one of 10 small business awardees for the U.S. Army’s new Field and Installation Readiness Support Team (FIRST) program.

The FIRST program will cover logistics services both in the United States and overseas. The support can include delivering supply items, components and equipment; operating large logistical support facilities; and other services that will evolve along with the Army’s requirements. However, one imperative will remain constant – that logistics functions be performed quickly and accurately to support unit readiness requirements. To receive an award, contractors were required to demonstrate high technical competence, exemplary management skills, and the ability to staff and meet mission support requirements with little advance notice.

Cubic is one of 11 subcontractors serving on Orion’s team, and looks forward to adding logistics support to the array of services that Cubic already provides the U.S. military.

“For many years, Cubic has provided systems, technology, training, and operations and maintenance services to prepare military personnel to successfully complete their missions,” said Kevin Hayes, vice president and general manager of Cubic’s Worldwide Technical Services Division. “In today’s Global War on Terror, the U.S. Army needs contractor support to be able to quickly deliver materiel. Cubic is pleased to expand the readiness support that we already offer to also include logistics.”

In addition to assisting the military in delivering needed supplies expeditiously, private contractors are viewed as a cost-effective way to satisfy recurring military logistics requirements and to meet the military’s small business and socioeconomic procurement guidelines. Orion is a minority-owned business with offices in Huntsville, Alabama; Atlanta, Georgia; San Antonio, Texas; and Norfolk, Virginia.

The Worldwide Technical Services Division, based in San Diego, is part of the Mission Support Business Unit of Cubic Defense Applications (CDA), one of Cubic Corporation’s two major segments. CDA is a world leader in realistic combat training systems, mission support services and defense electronics. The corporation's other major segment, Cubic Transportation Systems, designs and manufactures automatic fare collection systems for public mass transit authorities. For more information about Cubic, see the company's website at www.cubic.com.