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TYSONS CORNER, VA, April 23, 2018Cubic (NYSE: CUB) has entered into an agreement to sell its global defense services business to Valiant Integrated Services for approximately $135 million as the latter seeks to expand its technical portfolio and client base, GovCon Wire reported Friday.
The value of the planned Cubic Global Defense acquisition will add in $3 million contingent on contract wins over the next 24 months, and the business will be recorded as discontinued operations under Cubic’s fiscal second-quarter results, the company said Thursday.
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