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Technology Stocks : Cubic Corporation (NYSE: CUB)

CUB 10.68

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Jan 30 9:30 AM EST

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From: JakeStraw	7/10/2009 8:20:38 AM
	of 87

Cubic Purchase Will Expand and Strengthen Services Operations in U.S. Public Transport finance.yahoo.com Monday July 6, 2009, 6:00 am EDT Cubic Transportation Systems, Inc., a subsidiary of San Diego-based Cubic Corporation (NYSE:CUB), announced that it has signed an agreement to acquire the Concord, Calif., operations center and licenses on select software from the U.S. subsidiary of Australia-based Vix ERG Pty Ltd. Cubic will use these assets to expand services to transit agencies in San Francisco, Seattle, Boston, Ventura and Las Vegas. The newly acquired operation will add approximately $20 million in annual revenues, and broadens a Cubic services base that already includes numerous transit properties on three continents.

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