Cubic Corp.’s defense business received a $7.6 million U.S. Navy contract to support H-60 helicopters, known in the Navy as Sea Hawks. Some 90 percent of the work will be performed in San Diego and another 3 percent in Poway. Funds will pay for unspecified non-recurring engineering efforts.
NAVAIR, the Naval Air Systems Command of Patuxent River, Maryland, awarded the deal, announced on Dec. 19.
Cubic (NYSE: CUB), based in San Diego’s Kearny Mesa, had 2018 revenue of $532 million from its defense contracting segments and 2018 revenue of $671 million from its transportation systems segment.
According to Navy public affairs, the Navy uses the twin-engine Sea Hawk for anti-submarine warfare, search and rescue, drug interdiction, anti-ship warfare, cargo lift and special operations.
Photo Credit: U.S. Navy/ Mass Communication Specialist Seaman Joseph A.D. Phillips
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Source: NBC San Diego