CGD Awarded Nearly $80 M from Navy's FTSS IV IDIQ Multiple Award Contract

August 29, 2016

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Cubic Global Defense (CGD), a business unit of Cubic Corporation (NYSE: CUB), today announced the award of a five-year, approximately $80 million task order to support aviation training for the U.S. Navy and Marine Corps under the Navy’s Fielded Training Systems Support (FTSS) IV Indefinite Delivery Indefinite Quantity (IDIQ) Multiple Award Contract (MAC). This is the first award by the Naval Air Warfare Center, Training Systems Division (NAWCTSD) using this fourth-generation IDIQ program – that has an estimated ceiling value of $1.75 billion.

Under the task order awarded by NAWCTSD in Orlando, Florida, Cubic will provide operations and maintenance support of F/A-18 and EA-18G aviation training devices and simulators at Naval Air Station (NAS) Oceana, Marine Corps Air Station (MCAS) Miramar, NAS Lemoore, NAS Whidbey Island and MCAS Beaufort. In addition, Cubic instructors will provide simulator and academic classroom training for Navy and Marine Corps pilots and other aircrew at NAS Lemoore, MCAS Miramar, and NAS Whidbey Island. In an earlier FTSS II task order, Cubic provided F/A-18 Pilot Instructors at MCAS Beaufort.

“Cubic is proud to be partnered with Naval Aviation with this new pilot and flight officer training and support contract,” said Dave Buss, president of Cubic Global Defense. “When coupled with the important operations, maintenance and instructional work we currently perform with Navy and Marine Corps aircrew and training simulators in other locations, this new contract allows us to meet our customer’s training needs with a set of innovative end-to-end solutions.”

Cubic, which has participated in the FTSS IDIQ contracts since the original was awarded in 2000, recently announced it was one of nine companies selected to participate in the FTSS IV IDIQ MAC.

Source : Cubic Corporation (NYSE: CUB)