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Business/Financial

Cubic Consolidates Defense Operations As Part Of Profitability Initiatives

By Cal Biesecker

Thursday, February 19th, 2015

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Cubic Consolidates Defense Operations As Part Of Profitability Initiatives

William Toti, president of Cubic Global Defense. Photo: Cubic

Cubic Corp. [CUB] on Wednesday said it combined its defense operations into one new segment as part of a new profitability initiative designed to achieve millions of dollars in annual savings beginning in fiscal year 2016.The realignment of the defense businesses consists of consolidating the Defense Systems and Mission Support Services segments into the new Cubic Global Defense (CGD) segment, which will be led by former Mission Support Services President William Toti.The realignment is part of Cubic’s "One Cubic" initiatives,…

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