Welcome to our dedicated page for CUB news (Ticker: CUB), a resource for investors and traders seeking the latest updates and insights on CUB stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CUB's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CUB's position in the market.
Cubic Corporation (NYSE:CUB) announced the successful operational deployment of its SPEAR software suite during the Checkered Flag 21-1 exercise. SPEAR enhances training capabilities for aircrew from the U.S. Air Force, Navy, and Royal Australian Air Force, allowing real-time monitoring and debriefing. The system streamlined operations for over 75 aircraft, significantly reducing debrief time by 90 minutes. The collected data provides a comprehensive analysis for future training exercises, indicating a growing demand for multi-domain operational capabilities.
Cubic Corporation (NYSE: CUB) reported its financial results for Q4 and FY 2020. Q4 sales reached a record $475.4 million, growing 1% YoY, with net income of $57.0 million ($1.82 per share) compared to $41.6 million in Q4 FY 2019. Full year sales decreased 1% to $1.476 billion, with a net loss of $3.7 million. Adjusted EBITDA for the year was $158.3 million, up 8% YoY. The company expects FY 2021 sales guidance of $1,550 to $1,600 million and Adjusted EBITDA of $170 to $190 million. The year-end backlog stood at $3.7 billion, reflecting an 8% increase YoY.
Cubic Corporation (NYSE: CUB) will hold a conference call and webcast on November 18, 2020, at 5:00 p.m. ET to discuss its fourth quarter and full-year fiscal 2020 financial results. The press release and presentation materials will be available after market close on the same day on the company's Investor Relations website. The call will be hosted by Chairman and CEO Bradley H. Feldmann and CFO Anshooman Aga. Investors can dial in at 833-968-2299, or listen via webcast.
Cubic Corporation's Transportation Systems division has secured a contract exceeding $11 million to enhance Iarnród Éireann Irish Rail's ticketing system. The deal involves migrating to a Software as a Service (SaaS) model using Sqills' S3 Passenger software. This upgrade promises faster deployment of new features and ongoing improvements aligned with industry best practices. The partnership emphasizes a commitment to meet evolving customer demands while ensuring the system remains modern and effective throughout the contract's lifecycle.
Nuvotronics is set to expand its manufacturing capabilities by adding a 14-inch production line next to its existing 8-inch substrate carrier line in Durham, NC. This expansion anticipates the rising demand in Space, Defense, and Commercial markets, and is projected to create over 150 jobs over the next five years. Supported by a Job Development Investment Grant from North Carolina, the company's recent certification as a trusted foundry positions it favorably within the growing $3.4 billion millimeter wave technology market, forecasted to grow at a CAGR of 26% by 2025.
Cubic Corporation (NYSE:CUB) has partnered with the Chicago Transit Authority (CTA) and Pace Suburban Bus to introduce the Ventra Card on iPhone and Apple Watch, enhancing fare payment for transit riders.
This contactless payment option allows users to easily add value to their Ventra Card and manage their accounts through their devices, promoting a safer and more convenient transit experience amid ongoing health concerns.
Currently, the service is exclusive to CTA and Pace and does not support Metra or Pace Paratransit payments.
Cubic Corporation (NYSE:CUB) has secured an $8.5 million task order from the Naval Air Systems Command to enhance the Secure Live Virtual and Constructive Advanced Training Environment (SLATE) technologies for F/A-18 and EA-18G aircraft. This initiative follows a successful Advanced Technology Demonstration in September 2018, aimed at transitioning complex training capabilities to the fleet. The project will integrate advanced threat simulations and enhance training for aircrews, positioning Cubic as a leader in LVC Air Combat Training.
Cubic Corporation (NYSE:CUB) has appointed David A. Whelan, Ph.D., NAE as the new senior vice president and chief scientist. Whelan will drive technical strategies and engineering excellence to support Cubic's growth initiatives. His responsibilities include collaborating with leadership to innovate customer-centric technical solutions and overseeing product development. With a strong background in multi-billion dollar projects and advanced technologies, Whelan's addition is expected to enhance Cubic’s technology portfolio significantly.
Cubic Corporation (NYSE:CUB) has been awarded a contract for the P5 Combat Training System (P5CTS) ground subsystem, aimed to enhance training for the Royal Air Force (RAF) and Royal Navy (RN) during a fall exercise in the UK. The P5CTS system is widely utilized globally, providing scalable and secure solutions for combat training missions. The program includes live monitoring capabilities and integration for F-35 training. This move signifies Cubic's ongoing commitment to military preparedness, as they further expand their training network with installations at major UK locations.
