Aerospace Group:

Business/Financial

Cubic Acquires Firm With Live Fire Simulation Products

Defense Daily Staff

Wednesday, July 3rd, 2013

SHARE:

Cubic Acquires Firm With Live Fire Simulation Products

Cubic Corp. [CUB] yesterday said its Cubic Defense Applications business unit has acquired certain assets and foreign subsidiaries of Advanced Interactive Systems (AIS) through a bankruptcy auction, giving it exposure to live fire simulation and international markets. QuickRange Photo: AIS Terms of the deal were not disclosed. “This acquisition diversifies our product offering and capitalizes on our existing international marketing channels,” Dave Schmitz, president of Cubic Defense Systems, said in a statement. “AIS’s world class products will help Cubic expand…

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

Congress

Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]

Congress

Senate Budget Dems Push For Defense Reconciliation Spending Details, Cite ‘Slush Fund’ Concerns

Democrats on the Senate Budget Committee have raised “significant concern” with the Pentagon’s move to classify reconciliation spending plans, urging the department to provide more public details on how the […]