Cubic Corporation Awarded Contract with British Army
Cubic Corporation (CUB) announced on June 1 that Cubic Defence U.K. was awarded a $35 million contract. Under the terms of the three-year contract, Cubic will provide support and repair of the British Army’s Area Weapons Effects Simulator (AWES) System at training facilities in the U.K. and Canada. Cubic Defence U.K. is part of the Cubic Global Defense (CGD) business division.
Sonal sent a news alert to subscribers at 7:00 am. The next trade was at 8:15 am for $41.35. Cubic’s stock price moved higher following the news announcement. The stock price continued to push higher over the next four trading sessions. Cubic closed at $50.60 on June 5 for a five-day gain of 22.4%.
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