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Cubic Expands Special Operations Training Capabilities With Acquisition

Defense Daily Staff Defense Daily Staff
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Cubic Corp. [CUB] yesterday said it has acquired a business unit of NEK Advanced Securities Group that specializes in the training of U.S. Special Forces, boosting its capabilities in an area that is expected to receive more emphasis amid declines in the defense budget. The acquisition, which was completed last Friday, complements Cubic’s current training offerings and extends its training business within the Special Forces market. Cubic paid $52 million in cash for the operating assets of NEK’s Special Programs…

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