Cubic Corporation#Projects

Cubic Corporation was founded in 1949 by Walter J. Zable as an electronics company in San Diego, California, and began operations in 1951.{{cite web |access-date=November 23, 2021 |url=https://www.cubic.com/about/history |title=Cubic History |website=Cubic Corporation}} 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.{{cite web |access-date=November 23, 2021 |url=https://www.cubic.com/cubic-history |website=Cubic Corporation |title=Cubic Timeline}}

In 1969, the company acquired United States Elevator Corporation, a maker of freight and passenger elevators.{{cite web|access-date=2021-11-30 |title=Cubic History: Founding, Timeline, and Milestones |url=https://www.zippia.com/cubic-careers-3128/history/ |date=August 27, 2020 |website=Zippia}}

In early September 1984, Cubic moved its corporate domicile into Delaware General Corporation Law. 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.{{cite news |url=https://www.bloomberg.com/research/stocks/people/person.asp?personId=262873&ticker=CUB |publisher=Bloomberg L.P. |title=Bradley H. Feldmann: Executive Profile & Biography}}

In May 2021, Cubic announced the completion of its sale to the private equity firms Veritas Capital and Elliott Management, turning the publicly traded New York Stock Exchange company into a privately held company.{{Cite web |url=https://finance.yahoo.com/news/cubic-announces-completion-acquisition-veritas-132900067.html |title=Cubic Announces Completion of Acquisition by Veritas Capital and Evergreen Coast Capital |publisher=Yahoo! News}}{{Cite news |date=2021-03-31 |title=Cubic accepts sweetened buyout offer from Veritas Capital, Elliott |language=en |work=Reuters |url=https://www.reuters.com/article/us-cubic-m-a-veritas-capital-idUSKBN2BN1ZM |access-date=2023-10-30}}

In June 2023 Cubic wrote a letter to the Australian Victorian state premier, requesting a review of the tender process which awarded the state upgrade of its Myki system to its competitor Conduent. In its letter Cubic claimed its submitted bid was $100,000,000 less than the winning a bid, and that procurement officers from the state government had not visited its operational sites. Cubic preferences to install its own ticket readers was reported as a reason to consider its bid more expensive.{{Cite web |url=https://www.theage.com.au/national/victoria/serious-concerns-losing-myki-bidder-raises-questions-about-tender-process-20230606-p5debf.html |title='Serious concerns': Losing myki bidder raises questions about tender process |date=June 6, 2023 |publisher=The Age}}

On 4 March 2025, the People's Republic of China announced sanctions on 10 U.S. military-industrial companies, including Cubic, for participating in arms sales to Taiwan.{{cite web |title=不可靠实体清单工作机制关于将特科姆公司等10家美国企业列入不可靠实体清单的公告 |url=https://aqygzj.mofcom.gov.cn/flzc/gzjgfxwj/art/2025/art_a536f01741964619b7d379abfc267663.html |website=Ministry of Commerce of the People's Republic of China|date=2025-03-04 |accessdate=2025-03-04}}

Cubic's operating segments include:{{cite journal |journal=US Black Engineer and Information Technology |year=2005 |volume=28 |issue=4 |pages=16–26 |jstor=43689974 |url=https://www.jstor.org/stable/43689974 |access-date=31 January 2023|title=Homeland Security: Creating Opportunity Out of Disaster |last1=Staff |first1=Usbe I. T. }}

• 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.{{Cite web |url=https://finance.yahoo.com/news/cubic-appoints-two-executives-mission-120000132.html |title=Cubic Mission Solutions}}{{Cite web |url=http://www.cbs58.com/story/34621806/cubic-to-feature-range-of-integrated-communication-solutions-at-satellite-2017 |title=Cubic Mission Solutions Expands| access-date=March 27, 2017| archive-url=https://web.archive.org/web/20170328105352/http://www.cbs58.com/story/34621806/cubic-to-feature-range-of-integrated-communication-solutions-at-satellite-2017| archive-date=March 28, 2017| url-status=dead}}
• Cubic Defence New Zealand Ltd (previously OSCMAR International Limited) is a manufacturer of training and simulations systems for military forces worldwide. It is based in Auckland, New Zealand, and owned by Cubic Corporation.
• Cubic Transportation Systems designs, integrates, and provides outsourced business process and information technology 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.{{cite web |title=Cubic Transportation Systems – Solutions |url=https://www.cubic.com/solutions/transportation |website=Cubic Corporation |access-date=May 18, 2021}} CTS is the world's largest operator of public transport fare collection services.{{cite web |url=https://nfctimes.com/news/cubic-recent-maas-company-failures-among-signs-pointing-need-maas-20 | title=Cubic: Recent MaaS Company Failures among Signs Pointing to Need for 'MaaS 2.0' | NFC Times – Near Field Communication and all contactless technology }}{{cite news |url=http://www.news.com.au/top-stories/cubic-transportation-systems-offers-to-take-on-myki/story-e6frfkp9-1226015136624 |title=Cubic Transportation Systems offers to take on myki |last=Wright |first=Ann |date=March 3, 2011 |work=Herald Sun |publisher=news.com.au |accessdate=October 29, 2012}}{{cite news |url=http://www.telecompaper.com/news/nvv-picks-cubic-transportation-for-mobile-ticketing-service |title=NVV picks Cubic Transportation for mobile ticketing service |date=November 15, 2011 |work=Telecompaper |accessdate=October 29, 2012}}{{cite press release |url=http://www.finextra.com/news/announcement.aspx?pressreleaseid=9557 |title=Cubic Transportation Systems wins Oyster ticket machine tender |date=May 23, 2006 |publisher=Association of Train Operating Companies |accessdate=October 29, 2012}} Founded May 5, 1972.

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Cubic Transportation Systems provides the following products and services:{{Cite web |title=Cubic Corporation > Transportation > Solutions |url=http://www.cubic.com/Transportation/Solutions |website=Cubic Corporation |accessdate=September 28, 2015}}

• Ticket machines
• Smartcard readers
• Fare-collection gates
• Full-service mobility platform
• Umo is a multi-modal platform that connects public and private mobility systems to optimize public transportation operations.{{cite web |last1=Minchin |first1=Joshua |title=The Netflix of travel? Cubic launches new transit tech subscription Umo |url=https://www.intelligenttransport.com/transport-news/116077/umo-launch/ |website=Intelligent Transport |access-date=27 January 2021}}
• Umo keeps riders moving efficiently by offering multi-modal journey planning, contactless payments, real-time travel information, and loyalty rewards through the Umo Mobility App.{{cite web |title=Cubic announces global launch of Umo, a suite of mobility products available on a subscription model |url=https://www.transport-ticketing.com/TT-content-hub/cubic-announces-global-launch-of-umo-platforms-to-enhance-urban-mobility |website=Transport Ticketing Global |access-date=26 January 2021}}
• Umo also partners with media agencies on advertising and promotion.
• Revenue management back office and associated services
• Card-based
• Account-based: New York's OMNY OMNY, Chicago's Ventra system{{cite web |url=https://www.chicagotribune.com/2014/02/05/cta-gives-ventra-contractor-green-light/ | title=CTA gives Ventra contractor green light | date=February 5, 2014 }} (used by CTA, Pace and Metra), Brisbane's GO card system, and London Oyster Cards are some of Cubic's account-based products.
• Mobile: Cubic has deployed mobile applications in multiple locations in the United States and was the first to launch transit cards within the mobile wallet.
• Transit customer support
• Management services to transit agencies
• Real-time passenger information
• Operational planning assistance
• Traffic management
• Customers in the UK include the Highways Agency, Transport for London, and Transport Scotland. Cubic also works for Transport for New South Wales in Australia through the Intelligent Congestion Management Program (ICMP), which focuses on enhanced monitoring and management of the area's road network.{{Cite web |title=Cubic Corporation > Transportation > Solutions > Traffic Management |url=http://www.cubic.com/Transportation/Solutions/Traffic-Management |website=Cubic Corporation |accessdate=September 28, 2015}}
• Predictive analytics
• Tolling
• Cubic created an integrated payment processing, customer service, and financial management platform for the tolling industry.{{Cite web |title=Cubic Corporation > Transportation > Solutions > Tolling |url=http://www.cubic.com/Transportation/Solutions/Tolling |website=Cubic Corporation |accessdate=September 28, 2015}}
• Operational IT services
• Asset management services
• Services include field maintenance, device support, depot repair and part supply, spares and obsolescence, and cash collection.{{Cite web |title=Cubic Corporation > Transportation > Services > Asset Management |url=http://www.cubic.com/Transportation/Services/Asset-Management |website=cubic.com |accessdate=September 28, 2015}}
• GRIDSMART
• In 2019, CTS acquired GRIDSMART for approximately $87 million in cash.{{cite web |last1=McDermott |first1=Brenna |title=Knoxville traffic management tech company Gridsmart acquired for $87M |url=https://eu.knoxnews.com/story/money/business/2019/01/17/knoxville-gridsmart-technologies-acquired-traffic-management-company/2575002002/ |website=Knox News |access-date=30 January 2023}}
• GRIDSMART specializes in video detection at the intersection using advanced image processing, computer vision modeling and machine learning along with a single camera – providing data for optimizing the flow of people, bicycles, and traffic through intersections.
• GRIDSMART has approximately 12,000 operating intersections.
• Trafficware
• In 2018, CTS acquired Advanced Traffic Solutions Inc. ("Trafficware") for approximately $235.7 million in cash.{{cite web |last1=Marcus |first1=David |title=Rising Stars: Hogan Lovells Makes One M&A Partner, Four Counsel |url=https://www.thedeal.com/mergers-acquisitions/rising-stars-hogan-lovells-makes-one-ma-partner-four-counsel/ |website=The Deal |date=January 14, 2022 |access-date=14 January 2022}}{{cite web |last1=Flynn |first1=Mary Kathleen |title=M&A wrap: Bruce Stein, David Rubenstein, Michael Jordan, Axiomatic, Jordan Co., GTCR |url=https://www.themiddlemarket.com/news/m-a-wrap-michael-jordan-david-rubenstein-carlyle-axiomatic-declaration-capital-bruce-stein-jordan-co |website=The Middle Market |date=October 26, 2018 |access-date=26 October 2018}}

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Cubic Transportation Systems has delivered over 400 projects in 40 markets on five continents.{{cite web |last1=Freeman |first1=Mike |title=Cubic targets tap-to-pay technology for transit fares |url=https://www.sandiegouniontribune.com/business/technology/sdut-cubic-mass-transit-license-contactless-payments-2016jul14-story.html |website=The San Diego Union-Tribune |date=July 14, 2016 |access-date=14 July 2016}}{{cite web |last1=Balaban |first1=Dan |title=Cubic: Recent MaaS Company Failures Among Signs Pointing to Need for MaaS 2.0 |url=https://nfctimes.com/news/cubic-recent-maas-company-failures-among-signs-pointing-need-maas-20 |website=NFC Times |access-date=12 July 2021}} 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. The Umo Mobility Platform was launched in January 2021.{{cite web |title=Cubic announces global launch of Umo platform to simplify urban mobility |url=https://www.masstransitmag.com/technology/passenger-info/press-release/21207376/cubic-transportation-systems-cubic-announces-global-launch-of-umo-platform-to-simplify-urban-mobility |website=Mass Transit |date=January 26, 2021 |access-date=26 January 2021}} Cubic Transportation Systems manages around 70% of the global market for smart transit cards.{{Cite web |url=https://www.forbes.com/sites/carltonreid/2020/01/09/oyster-card-supplier-cubic-signs-integration-deal-with-transit-app-maker-moovit/ |title=Oyster Card Supplier Cubic Signs Integration Deal With Transit App Maker Moovit |date=January 9, 2020 |accessdate=January 13, 2020 |website=Forbes |last=Reid |first=Carlton}} Cubic processes more than 24 billion transactions a year.{{Cite web |url=https://www.cubic.com/Portals/0/Files/Tech-Center/NextWave-brochure-A4-lores.pdf |title=Cubic Transportation Systems, NextWave Brochure |accessdate= |website= }}

In 2017, Cubic was chosen to implement the AFC 2.0 project by the Massachusetts Bay Transportation Authority (MBTA) to update the MBTA's fare collection systems. This project was budgeted 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.{{cite web |first1=Klark |last1=Jessen |access-date=November 23, 2021 |title=MBTA: AFC 2.0 to Support Faster Trips on Buses and Green Line Trains |url=https://blog.mass.gov/transportation/mbta/mbta-afc-2-0-to-support-faster-trips-on-buses-and-green-line-trains/}}{{cite web |first1=Karen |last1=Anderson |access-date=November 23, 2021 |title=5 Investigates: MBTA's new fare collection contract years late, millions over budget |url=https://www.wcvb.com/article/boston-mbta-new-fare-collection-contract-years-late-millions-over-budget/36422382 |date=May 13, 2021 |publisher=WCVB}}{{cite web |access-date=November 23, 2021 |title=Fare Transformation Fares Overview |url=https://www.mbta.com/fares/fare-transformation |website=MBTA}} In February 2023, the MBTA announced that it considered the project "unlikely to meet the current 2024 timeline for full implementation".{{cite web| title=MBTA expects new fare collection system to be delayed beyond 2024 deadline|date=February 27, 2023 |url=https://www.wcvb.com/article/mbta-expects-new-fare-collection-system-to-be-delayed-beyond-2024-deadline/43099230}}

On October 21, 2022, it was announced that NZ Transport Agency Waka Kotahi had signed a contract with Cubic for the development of their National Ticketing Solution named Motu Move. The National Ticketing Solution will allow the use of a single fare card on public transport across the whole of New Zealand.{{Cite web |date=October 21, 2022 |title=Waka Kotahi New Zealand Transport Agency Selects Cubic Transportation Systems to Provide a National Ticketing Solution For its Public Transport |url=https://www.cubic.com/news-events/news/waka-kotahi-new-zealand-transport-agency-selects-cubic-transportation-systems |access-date=2022-10-20 |website=cubic.com}}

• DTECH Labs provides communications products for military, government, first responders, and civilian customers.{{cite web |access-date=2021-11-23 |title=Cubic Corporation (NYSE:CUB) acquired DTECH LABS, Inc. |url=http://oemcapital.com/2014/12/cubic-corporation-nysecub-acquired-dtech-labs-inc/ |date=16 December 2014 |website=Technology Investment Banking}}
• 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.{{cite web |first1=Andrew |last1=Clevenger |access-date=2021-11-23 |title=Cubic Announces Purchase of GATR, TeraLogics |url=https://www.defensenews.com/industry/2015/12/21/cubic-announces-purchase-of-gatr-teralogics/ |date=21 December 2015 |website=Defense News}}
• 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.{{Cite web |url=http://www.defensedaily.com/cubic-acquires-small-communications-subsystems-supplier-vocality-international-2/ |title=Cubic Acquires Vocality |date=December 2, 2016 |first1=Rich |last1=Abott |access-date=November 23, 2021 |website=Defense Daily}}
• PIXIA Corp. is an imagery management company.{{Cite web |url=https://www.defensedaily.com/cubic-completes-acquisition-imagery-management-company-pixia/business-financial/ |title=Cubic Completes Acquisition Of Imagery Management Company PIXIA |date=January 6, 2020 |first1=Cal |last1=Biesecker |access-date=November 23, 2021 |website=Defense Daily}}

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Category:Companies formerly listed on the New York Stock Exchange

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