“Capital follows confidence” as defence courts private money
Outside investment and the direction in which venture money flows may reveal what defence will buy years before formal programmes begin.
Cubic announces Asia-Pacific contracts
Cubic Defense Systems will provide combat training support to a number of unnamed customers in the Asia-Pacific region. The contracts have a combined value of $125 million and range from five to six years in duration.
Cubic Defense provides live and virtual training systems, and specialised military electronics and information assurance solutions, contributing to the combat readiness of its customers’ armed forces.
These contracts reflect Cubic’s growing international customer base, with more 50 percent of the company’s orders received from non-US customers in FY12.
Cubic said the contracts support the company’s existing regional work force and offer expansion opportunities in collective training, operations and maintenance, and certain programme management and range modernisation efforts.
Dave Schmitz, president, Cubic Defense Systems, said: ‘These large orders from Asia-Pacific reflect the confidence our long-standing customers place in Cubic’s professionalism, responsiveness, and high quality work force. Today more than 50 percent of our work force is located outside the US demonstrating our commitment to further expand the company’s already significant international business base.’
You may also like
More from Defence Notes
-
![“Capital follows confidence” as defence courts private money]()
-
![Canada’s new military drone marketplace targets rapid acquisition pipeline]()
Canada’s new military drone marketplace targets rapid acquisition pipeline
The Department of National Defence expects initial contracts to deliver thousands of uncrewed systems, but has yet to establish the quantities, capability mix or deadline behind Ottawa’s promised tenfold expansion.
-
![Ukraine turns legacy Kongsberg land turrets into semi-autonomous USV weapons]()
Ukraine turns legacy Kongsberg land turrets into semi-autonomous USV weapons
The company told Shephard that Ukraine is operating modified Protector weapon stations originally supplied for armoured vehicles, with human operators authorising engagements from hundreds of kilometres away.
-
![UK urged to prioritise sea, air and space over heavy armour]()
UK urged to prioritise sea, air and space over heavy armour
A report from the Council on Geostrategy argues the UK should move away from a traditional balanced force and shift investment to naval, air and space capabilities, backed by a larger fleet of attack submarines and deeper AUKUS integration.
-
![Thales: deployment speed to determine winners in ‘production versus production’ era]()
Thales: deployment speed to determine winners in ‘production versus production’ era
At its technology summit in London, attended by Shephard, Thales UK examined the importance of speed to delivery, the growing focus on cross-domain capabilities and how procurement reform could be crucial for future battlefield advantage.
-
![Orchestrating operational readiness across every defence domain]()
Orchestrating operational readiness across every defence domain
Are all systems ready for the next mission? Have upgrades been applied? Are all assets aligned to deploy together, on time and fully prepared? In modern defence operations, readiness is no longer measured platform by platform. It is measured by how well people, assets, data and decisions move together — across land, sea and air.
