28 février 2020 | International, Aérospatial

Cubic Signs Agreement with US Special Operations for Intelligence, Surveillance and Reconnaissance R and D

February 27, 2020 - Cubic Corporation (NYSE: CUB) today announced that its Cubic Mission Solutions business division signed a cooperative research and development agreement (CRADA) with Special Operations Forces Acquisition, Technology and Logistics (SOF AT&L) to work on research and development (R&D) for cutting-edge airborne payload technologies for use within the Department of Defense. The effort will primarily be performed by ISR Systems, a wholly owned subsidiary of Cubic Corporation.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200227005246/en/

“We are pleased to join forces with SOF AT&L to support its mission in developing advanced and innovative technologies in support of global special operations,” said Jerry Madigan, president of ISR Systems, Cubic Mission Solutions. “The CRADA agreement offers a great framework for Cubic's autonomous systems team to collaborate and to share information.”

Cubic delivers a low risk, robust Unmanned Aircraft System (UAS) ISR platform with a highly expeditionary footprint to satisfy and enhance any ISR mission. Cubic's ISR-ONE offers a unique blend of high capability and performance, delivered within a Group III UAS platform.

About Cubic Corporation

Cubic is a technology-driven, market-leading provider of integrated solutions that increase situational understanding for transportation, defense C4ISR and training customers worldwide to decrease urban congestion and improve the militaries' effectiveness and operational readiness. Our teams innovate to make a positive difference in people's lives. We simplify their daily journeys. We promote mission success and safety for those who serve their nation. For more information about Cubic, please visit www.cubic.com or on Twitter @CubicCorp.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200227005246/en/

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Identification friend or foe (IFF) and datalinks will also be offered, where HENSOLDT is inheriting a world-class product range that it aims to enhance even further. Finally, air traffic management (ATM) and radar services become part of the overall portfolio, with the aim of expanding the ATM services and developing existing radar support services into full-blown maintenance, repair and operations (MRO). Heading up these activities is Bennie Langenhoven, Chief Executive of the Radar Business Unit, previously the head of Tellumat's ATM business unit. “Launching the Radar Business Unit of HENSOLDT South Africa is a strategic expansion of HENSOLDT's radar business with the goal to become the leading manufacturer and exporter of air-surveillance and defence radars on the African continent,” says Langenhoven. The South African radar capability will integrate with and expand on the Group's existing radar products. “Our long track record in the maintenance, repair and operation of radar systems puts us in a very good position to not only support the Group's radar portfolio, but also those of our partners and OEMs, including legacy systems,” says Langenhoven. In addition to providing the latest radar technology, HENSOLDT South Africa also offers midlife upgrades to extend the life of existing radar systems, especially in cases where budget constraints limit or prevent the acquisition of new radars. The acquisition also gives rise to strong synergies between HENSOLDT South Africa's Radar, Optronics and GEW business units, with collaboration envisioned on various fronts. 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The company is pleased that this development will also contribute to the country's wider technical and defence industry, as well as the growth of the economy. “Partnerships with local industry players are currently one of our focus areas,” says Langenhoven. “These partnerships aligns well with HENSOLDT South Africa's strategy to maintain strong relationships with suppliers and local OEMs,” continues Langenhoven. With an extensive portfolio representing all HENSOLDT's major business lines, five sites in South Africa and now employing a workforce of more than 700 employees, HENSOLDT South Africa is the Group's biggest industrial footprint outside Europe. Therefore, this expansion strategy is central to HENSOLDT's vision to become the leading, platform-independent provider of defence and security sensor solutions worldwide. About HENSOLDT South Africa HENSOLDT South Africa is a global pioneer of technology and innovation in defence and security electronics. 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HENSOLDT develops new products to combat a wide range of threats based on innovative approaches to data management, robotics and cybersecurity. With more than 5,500 employees, HENSOLDT generated revenues of 1.11 billion euros in 2019. Since September 2020, HENSOLDT has been listed on the Frankfurt Stock Exchange and the SDAX stock market index there. www.hensoldt.net Press contact Ferri Erasmus Tel.: +27 (12) 421 6290 ferri.erasmus@hensoldt.net View source version on HENSOLDT: https://www.hensoldt.net/news/hensoldt-south-africa-launches-new-radar-business/

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