Cubic receives contract extensiton for Clipper card services
Cubic Transportation Systems, a business unit of Cubic Corporation, announced a contract extension of up to five years from the Metropolitan Transportation Commission for operations and maintenance services supporting the regional Clipper card fare payment system in the San Francisco Bay Area. The extended contract period is from November 2019 to November 2024, and is valued at approximately $25M per year. MTC plans to upgrade the Clipper system with new fare technologies, such as mobile payment. Cubic's contract extension will support Clipper through the transition to the next-generation system. Under the contract, Cubic will continue to support MTC and its regional partners for the Clipper system. Cubic operates the customer call center, Clipper card fulfillment and distribution, technical help desk, retail merchant network, and the transit benefits system for employer/employee management of transit subsidies.