TYSONS CORNER, VA, June 4, 2018 — Cubic (NYSE: CUB) has completed the estimated $135 million sale of its global defense services business to Valiant Integrated Services in a move that Cubic CEO Bradley Feldmann says aims to facilitate long-term value for the company’s shareholders, employees and clients, GovCon Wire reported Friday.
The transaction also includes a stipulation for an additional $3 million contingent on the award of certain contracts over the next one to two years, Cubic said Friday.
Cubic Global Defense Services offers training, operations, maintenance, technical, intelligence and support services to U.S. and international government customers.
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