Cubic receives TVS production order
Cubic Defense Applications, the defense systems business of Cubic Corporation, announced today that it has received the first production order for its Tactical Vehicle System (TVS), used in combat training scenarios. The $13 million task order was issued by the US Army's Program Executive Office for Simulation, Training and Instrumentation (PEO STRI) under an indefinite delivery/indefinite quantity (ID/IQ) contract awarded last year.
TVS uses laser sensors mounted at strategic spots on vehicles, a control module, and other electronics to provide instant feedback to vehicle crews when laser simulated weapons score "hits" during training.
The task order, signed at the end of July, represents the start of full production. It covers kits that Cubic will begin delivering in 2012 for use at multiple US Army installations around the world. Including the task order, Cubic has been awarded almost $18 million thus far under the ID/IQ contract, which has a potential value of more than $100 million over four option years.
"This important contract positions Cubic to expand delivery of the TVS system to the US Army and many international customers over the next several years," said Bradley H. Feldmann, President of Cubic Defense Applications.
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