SAN DIEGO, Calif., Feb. 11, 2015 (GLOBE NEWSWIRE) -- via PRWEB - Cubic Corporation (NYSE: CUB), announced today it has been recognized as one of the top performing defense contractors under the U.S. Department of Defense's Superior Supplier Incentive Program (SSIP). The ranking of the top 25 supplier units within the contracting industry is part of a continuing effort to improve the government's largest procurement operations by curbing costs and professionalizing the workforce. Cubic ranked as a tier 2 supplier for the U.S. Army.
The ratings are based on an internal data system known as the Contractor Performance Assessment Reporting System (CPARS). The SSIP uses performance data to rate the largest companies doing business with each of the three services, based on contract obligations, and categorizes by company business segment into one of three performance tiers.
"Cubic is honored to be recognized as a superior supplier by the U.S. Department of Defense. It's our mission to remain focused on meeting the needs of the defense industry and this ranking validates our hard work and efforts on behalf of our most important customers," said Bradley H. Feldmann, president and chief executive officer of Cubic. "We believe it's our company culture to win the customer by delivering superior value through early delivery, providing the best people, being absolutely responsive and innovating what's next with our customers."
Cubic Defense Systems and its affiliates are leading providers of realistic combat training systems and secure communications for national military and security forces. Its primary focus is to design, develop, manufacture, integrate, innovate and sustain advanced technologies responsive to mission requirements of U.S. and allied forces. Infantry troops, aircrews, and security forces all draw upon the realism gained from using Cubic's training systems to help them effectively perform their mission.
Cubic Mission Support Serves is a recognized industry leader in training and exercise support. The scope of mission support includes training and rehearsal for both large and small scale combat operations; developing highly realistic immersive training solutions for government and industry; highly specialized special operations, peacekeeping, and consequence management training; and humanitarian assistance operations worldwide.
About Cubic Corporation
Cubic Corporation is the parent company of three major business segments. Cubic Transportation Systems is a leading integrator of payment and information technology and services for intelligent travel solutions. Cubic Defense Systems is a leading provider of realistic combat training systems and secure communications. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services for the U.S. and allied nations. For more information about Cubic, see the company's web site at http://www.cubic.com .
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Cubic Corporation Suzanne Hatcher +1 (858) 505-2430
