SAN DIEGO, CA -- (Marketwire) -- 05/14/09 -- Cubic Defense Applications, Inc., the defense systems business of Cubic Corporation (NYSE: CUB), reported more than $5 million in new orders from the U.S. Army and U.S. Navy for Cubic's AN/ARS-6 V12 Personnel Locator System (PLS), a compact and powerful receiver-transmitter used to locate downed pilots during combat search and rescue operations.
All branches of U.S. armed services use Cubic personnel locator systems, as well as NATO combat search and rescue (CSAR) teams. Downed pilots use their survival radios to communicate with the PLS systems, which are installed aboard CSAR aircraft. This allows CSAR crews to locate and extract personnel quickly and without detection by enemy forces. Cubic's systems have flown in every global military engagement since 1987.
A longtime customer, the U.S. Army Communications and Electronics Command, recently awarded Cubic a new five-year, follow-on requirements contract with a potential ceiling value of $32 million. The first delivery order under the contract is for approximately $4.5 million.
In addition, the Navy, another long-standing customer, has booked approximately $1 million in orders this fiscal year.
Cubic introduced the AN/ARS-6 V12, a smaller, lighter and more powerful version of Cubic's industry-standard V6 PLS, five years ago. The system features interoperability with new-generation survival radios like General Dynamics' PRC-112G HOOK Radio and Boeing's PRQ-7 CSEL radio, and has new data features that allow two-way text messaging and GPS location from those radios. Cubic's PLS is also compatible with all standard emergency beacons.
Recent international customers for the latest PLS include the United Arab Emirates Special Operations Command, Bulgaria, Italy and France.
Cubic Defense Applications, Inc. is part of Cubic Corporation's defense segment. Cubic 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.
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