SAN DIEGO, Jan. 9, 2018 /PRNewswire/ --Cubic Corporation
(NYSE:CUB) today announced that its Cubic Transportation Systems
(CTS) business division is expanding its Hyderabad, India operations into a larger
facility to support the company's growth resulting from its recent
major fare payment system contract awards in New York and Boston. In the next year, the company expects
to double the current headcount at its India operations to support the company's
strategic business growth objectives.
"Asia-Pacific region continues
to be a market of opportunity across our three business divisions
at Cubic," said Bradley H. Feldmann,
president and chief executive officer, Cubic Corporation. "We are
thrilled to expand our regional footprint in India with this new expanded facility, as it
will not only support CTS' engineering needs from the recent
awards, but also our objective to strengthen business opportunities
in this region."
"Our India operations exemplify Cubic's global strength as we
continue to grow, having recently won two of the industry's largest
fare payment system contracts in New
York and Boston," said
Matthew Cole, president, Cubic
Transportation Systems. "This expansion supports the growth in
resources we are focused on for our major engineering centers in
the United States, the
United Kingdom and Australia."
As the world's largest provider and integrator of
transportation-related payment and information systems and
services, CTS has projects in metropolitan cities including
London, New York, Boston, Chicago, Vancouver, Sydney, Brisbane, San
Francisco, Los Angeles,
Miami, Atlanta, Sweden, Scotland and Singapore. Established in 2009, CTS India Pvt.
Ltd. supports software engineering design, development and testing
of various international projects.
About Cubic Corporation
Cubic is a market-leading, technology 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. Cubic Transportation Systems is a
leading integrator of payment and information technology and
services to create intelligent travel solutions for transportation
authorities and operators. Cubic Mission Solutions provides
networked Command, Control, Communications, Computers,
Intelligence, Surveillance and Reconnaissance (C4ISR) capabilities
for defense, intelligence, security and commercial missions. Cubic
Global Defense is a leading provider of live, virtual, constructive
and game-based training solutions, special operations and
intelligence for the U.S. and allied forces. For more information
about Cubic, please visit the company's website at www.cubic.com or
on Twitter @CubicCorp.
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SOURCE Cubic Corporation