Cubic Awarded Sailor 2025 Ready, Relevant Learning Contract

Rhea-AI Summary

Cubic Corporation (NYSE:CUB) has secured a U.S. Navy contract valued at $92.3 million for its Cubic Mission and Performance Solutions division. The contract, with a four-year period, focuses on modernizing training content under the Navy's Sailor 2025 Ready, Relevant Learning (RRL) initiative. This includes developing courseware for various Navy ratings. Work is set to be conducted in Orlando, Florida, and aims to enhance Sailor training and operational readiness.

Positive

• Secured a contract worth $92.3 million with the U.S. Navy.
• Contract duration is four years, ensuring sustained revenue.
• Focus on modernized training content enhances Sailor proficiency.

Negative

• None.

Cubic Corporation (NYSE:CUB) today announced its Cubic Mission and Performance Solutions (CMPS) business division was awarded the U.S. Navy’s Sailor 2025 Ready, Relevant Learning (RRL) Fiscal Year 2021 (FY21) Content Conversion Indefinite Delivery/Indefinite Quantity (IDIQ) contract. The single-source IDIQ has a $92.3 million contract ceiling and a four-year ordering period. Under the contract, Cubic will deliver the third wave of content conversion under the RRL pillar of Sailor 2025 (S2025). This includes the design, development and delivery of modernized training content, including courseware training products for the Navy ratings Fire Control Technician, Master at Arms, Aviation Structural Mechanic, Electronics Technician Navigation, Submarines, Mineman, Information Systems Technician and Aviation Machinist’s Mate. The content will be delivered to Sailors over the course of their career-long learning continuum.

“We are thrilled to continue expanding our role in supporting the U.S. Navy as it enhances training for Sailors to meet evolving and dynamic warfighting requirements,” said Mike Knowles, president of Cubic Mission and Performance Solutions. “Our maritime training expertise and years of work with the Navy allows us to deliver cutting-edge solutions at the point-of-need to accelerate learning and training proficiency.”

Cubic will utilize innovative instructional systems design, systems engineering and training assessment approaches in conjunction with new technologies to support ratings-accession training. This will simultaneously support the S2025 overarching goal of improving Sailors’ transfer of training to the operational work environment.

The Navy’s S2025 program is designed to improve personnel management and training systems to effectively recruit, develop, manage, reward and retain future forces. The RRL pillar is a long-term investment in the improvement of individual Sailor performance and enhancing fleet readiness. Work will be performed in Orlando, Florida and is expected to be completed in early 2025.

About Cubic Corporation

Cubic is a technology-driven, market-leading provider of integrated solutions that increase situational understanding for transportation, defense C4ISR and training customers worldwide to decrease urban congestion and improve the militaries’ effectiveness and operational readiness. Our teams innovate to make a positive difference in people’s lives. We simplify their daily journeys. We promote mission success and safety for those who serve their nation. For more information about Cubic, please visit www.cubic.com or on Twitter @CubicCorp.

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FAQ

What is the contract value awarded to Cubic Corporation by the U.S. Navy?

Cubic Corporation was awarded a contract valued at $92.3 million.

How long is the Sailor 2025 training contract for Cubic Corporation?

The Sailor 2025 contract has a duration of four years.

What will Cubic Corporation deliver under the Sailor 2025 program?

Cubic will deliver modernized training content, including courseware for various Navy ratings.

Where will the work for the U.S. Navy contract be performed?

The work will be performed in Orlando, Florida.

When is the expected completion date for the Navy contract awarded to Cubic?

The contract work is expected to be completed in early 2025.