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Fly News Breaks for October 11, 2017
Oct 11, 2017 | 09:08 EDT
Credit Suisse analyst Julian Mitchell raised his price target for Cubic to $58 from $49 ahead of earnings and as he expects the NYC MTA contract to be awarded on the 24th/25th of October. The analyst reiterates an Outperform rating on the shares.
News For CUB From the Last 2 Days
Oct 16, 2017 | 07:02 EDT
Cubic announced that GATR Technologies, a subsidiary which operates within the Cubic Mission Solutions business division, was awarded an order worth more than $5M to provide satellite communication solutions for the New Zealand Defence Force. Cubic will supply 2.4-meter inflatable satellite antennas with supporting hardware, spares and New Equipment Training for the NZDF Network Enabled Army program. In addition to a multi-year support contract, Cubic will deliver and integrate an iDirect-based, time division multiple access network within the NZDF's existing and future hub infrastructure.
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