Aerospace Group:

Cubic Acquires FirmWith Live Fire Simulation Products

Gally Articola

Friday, July 5th, 2013

SHARE:

Cubic Corp. [CUB] 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. 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 its training footprint to target…

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]