To make this website work, we log user data. By using Shephard's online services, you agree to our Privacy Policy, including cookie policy.

×
Open menu Search

Cubic divests its training support services arm

23rd April 2018 - 17:10 GMT | by Trevor Nash in London

RSS

Despite the growth in training service provisions around the world, Cubic Corporation is to sell its Cubic Global Defense (CGD) Services business to Valiant Integrated Services

The deal is worth $135 million cash plus $3 million of contingent consideration tied to certain contract wins expected over the next 12 to 24 months.

The company’s services business typically provided exercise planning, role players and exercise support. The latest contract was awarded in February by US European Command to support the Joint Training and Exercise Division.

‘Cubic is focused on maximising long-term value for our shareholders by delivering superior value to

Already have an account? Log in

Want to keep reading this article?

Trevor Nash

Author

Trevor Nash


After a career in the British Army, Trevor Nash worked in the simulation and training …

Read full bio

Share to

Linkedin