Aerospace Group:

Business/Financial

Cubic Completes Acquisition Of Imagery Management Company PIXIA

By Cal Biesecker

Monday, January 6th, 2020

SHARE:

Cubic Completes Acquisition Of Imagery Management Company PIXIA

PIXIA provides a number of imagery management products including HiPER Look, a data access solution used to catalog, organize, and share large volumes of geospatial data and imagery via OGC compliant web services. Pixia image.

Cubic Corp. [CUB] on Monday said it has completed the acquisition of the imagery management system company PIXIA, spending $250 million total for the company that provides cloud-based solutions for managing and accessing vast amounts of wide area motion imagery. Cubic last June initially acquired a 20 percent stake in Virginia-based PIXIA for $50 million and then in November said it had agreed to acquire the remaining stake in the company for an additional $200 million. Cubic said the acquisition…

Unmanned Systems

Counter-Drone Needs Will Be Addressed In Next NDAA Based On Iran War Lessons, Banks Says

A Republican senator on Armed Services Committee on Thursday said that defending against Iranian drones has been challenge for U.S. warfighters and will be an area of focus in the […]

Pentagon

Pentagon ‘Working Options’ On Iran Supplemental, May Seek Funds For New Capabilities

The Pentagon is “working options” for a potential supplemental spending request to fund the operation against Iran and replenish munitions used in the strike campaign, with a senior official noting […]

Congress

Wicker Backs “Crash Program” To Supply Ukraine With Low-Cost Weapons

Senate Armed Services Committee (SASC) Chairman Roger Wicker (R-Miss.) on Thursday proposed a rapid effort to supply Ukraine with low-cost weapons to aid that country in turning back Russia. “We […]

Congress

Dem Lawmakers Want To Codify Trump’s Push For More Defense Contractor Accountability

A group of four Congressional Democrats want to codify President Donald Trump’s push to hold defense firms accountable for prioritizing production investments over paying out stock buybacks, and are seeking […]