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Cubic Acquires Military Training Firm Omega

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Cubic Corp. [CUB] said on Tuesday that it has acquired privately held Omega Training Group, Inc., for $61 million in cash in a deal that significantly expands its live training capabilities. Cubic expects Omega to have between $60 million and $70 million in sales for its fiscal year that ends in Sept. 2009. Georgia-based Omega has 790 employees and will do business under its own name as part of Cubic's Mission Support Business Unit. Omega fits within Cubic's live training…

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