Cubic Corporation is an American public transportation and defense corporation. It operates two business segments: Cubic Transportation Systems (CTS) and Cubic Mission and Performance Solutions (CMPS).

History

Cubic Corporation was founded in 1949 by Walter J. Zable as an electronics company in

San Diego San Diego ( , ; ) is a city on the Pacific Ocean coast of Southern California located immediately adjacent to the Mexico–United States border. With a 2020 population of 1,386,932, it is the eighth most populous city in the United States ...

, California, and began operations in 1951. Zable devised the company name as he wanted the name to reflect both engineering and precision. Its first product was a calorimetric wattmeter, a device used for measuring microwave output. It became a publicly-traded company in 1959. In 1969, the company acquired United States Elevator Corporation, a maker of freight and passenger elevators. In early September 1984, Cubic moved its corporate domicile into

Delaware General Corporation Law The Delaware General Corporation Law (Title 8, Chapter 1 of the Delaware Code) is the statute of the Delaware Code that governs corporate law in the U.S. state of Delaware. Adopted in 1899, the statute has since seen Delaware become the most im ...

. The move was completed on June 11, 1985. Cubic employs 6,200 people globally. Stevan Slijepcevic was named president and chief executive officer of Cubic Corporation in January 2022. In May 2021, Cubic announced the completion of its sale to the private equity firms Veritas Capital and Evergreen Coast Capital, turning the publicly traded

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company into a

privately held company A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is ...

Company divisions

Cubic's operating segments include: * Cubic Mission and Performance Solutions provides networked command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) capabilities for defense, intelligence, security and commercial missions, as well as realistic combat training systems, secure communications, operations, maintenance, technical and other support services for the U.S. and allied nations. * Cubic Defence New Zealand Ltd (previously, OSCMAR International Limited) is a manufacturer of training and simulations systems for military forces around the world. It is based in

Auckland Auckland (pronounced ) ( mi, Tāmaki Makaurau) is a large metropolitan city in the North Island of New Zealand. The most populous urban area in the country and the fifth largest city in Oceania, Auckland has an urban population of about I ...

New Zealand New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island coun ...

, and owned by Cubic Corporation. * Cubic Transportation Systems designs, integrates, and provides outsourced business process and

information technology Information technology (IT) is the use of computers to create, process, store, retrieve, and exchange all kinds of data . and information. IT forms part of information and communications technology (ICT). An information technology syste ...

services for automated fare collection systems for public transit operations. Additionally, this segment provides the fare payment infrastructure, including gates, ticket machines and smart card readers, and the back end or central system for processing and reporting revenue and other data. Services include customer support, software support, and operations services. CTS is one of the world's largest operators of

public transport Public transport (also known as public transportation, public transit, mass transit, or simply transit) is a system of transport for passengers by group travel systems available for use by the general public unlike private transport, typi ...

fare collection services. Founded May 5, 1972.

Products and services

Cubic provides the following products and services: * Ticket machines * Smartcard readers * Fare-collection gates * Revenue management services ** Card-based ** Account-based: Chicago's Ventra project for the

Chicago Transit Authority The Chicago Transit Authority (CTA) is the operator of mass transit in Chicago, Illinois, United States, and some of its surrounding suburbs, including the trains of the Chicago 'L' and CTA bus service. In , the system had a ridership of , ...

and London Oyster Cards are two of Cubic's account-based products. ** Mobile ** Devices: NextAgent is a concept in transport ticketing using high-speed video links enabling customers to interact with ticketing staff in real-time. It is a solution for transport operators to respond to significant trends in ticketing and allows them to balance request in a cost-effective manner by locating ticketing in centralized ticketing "hubs". * Transit customer support * Management services to transit agencies * Real-time passenger information ** NextBus is a cloud-based solution that provides real-time passenger information systems to approximately 135 transit organizations. * Operational planning assistance * Traffic management ** Customers in the UK include the Highways Agency, Transport for London, and

Transport Scotland Transport Scotland ( gd, Còmhdhail Alba) is the national transport agency of Scotland. It was established by the Transport (Scotland) Act 2005, and began operating on 1 January 2006 as an Executive Agency of the Scottish Government. Organisa ...

. Cubic also works for

Transport for New South Wales Transport for NSW, sometimes abbreviated to TfNSW, and pronounced as Transport for New South Wales, is an agency of the New South Wales Government established on 1 November 2011, and is the leading transport and roads agency in New South Wales, ...

in Australia. * Predictive analytics ** Cubic's subsidiary, Urban Insights, provides the predictive analytics business. * Tolling ** Cubic created an integrated payment processing, customer service, and financial management platform for the tolling industry. * Parking * Operational IT services * Asset management services ** Services include field maintenance, device support, depot repair and part supply, spares and obsolescence, and cash collection.

Projects

Cubic has delivered over 400 projects in 40 markets on five continents. Cubic first implemented mobile ticketing technology in 2006 and produces multiple mobile fare collection options, including mobile ticketing through barcoding, NFC tools, contact and contactless smartcard payments, and traditional automated fare collection systems. Cubic Transportation Systems manages around 70% of the global market for smart transit cards. As of 2015, Cubic processes more than 24 billion transactions a year. In 2017, Cubic was chosen to implement the AFC 2.0 project by the

Massachusetts Bay Transportation Authority The Massachusetts Bay Transportation Authority (abbreviated MBTA and known colloquially as "the T") is the public agency responsible for operating most public transportation services in Greater Boston, Massachusetts. The MBTA transit network ...

(MBTA), to update the MBTA's fare collection systems. This project was budgeted originally for $723 million, with a planned completion date of May 2021. As of May 2021, the cost of the project (now called "Fare Transformation") had risen to $935 million, with an updated completion date of 2024. On October 21, 2022, it was announced that Waka Kotahi/New Zealand Transport Agency had signed a contract with Cubic for the development of their National Ticketing Solution. The National Ticketing Solution will allow the use of a single fare card on public transport across the whole of

Other units

* DTECH Labs provides deployable and tactical communications products and solutions for military, government, first-responders and civilian customers. * TeraLogics is a provider of real-time Full Motion Video Processing Exploitation and Dissemination for the Department of Defense, the intelligence community, and commercial customers based in Ashburn, Virginia. * GATR Technologies manufactures portable, inflatable SATCOM and C4ISR terminals for tactical communications in harsh and forward or remote deployed environments. * Vocality provides embedded technology that unifies communication platforms enabling its business, government, and military customers to communicate securely using legacy systems with the latest wireless and cellular networks. * PIXIA Corp. is an imagery management company.

References

External links

* {{Authority control Companies formerly listed on the New York Stock Exchange Manufacturing companies based in San Diego Manufacturing companies established in 1951 Defense companies of the United States American companies established in 1951 2021 mergers and acquisitions Private equity portfolio companies