Hello, Guest!
  • Friday, November 22, 2024

Cubic Eyes Protected Comms Portfolio Expansion With Nuvotronics Buy; Mike Twyman Quoted


Mike Twyman

Cubic (NYSE: CUB) has purchased microfabricated radio frequency systems provider Nuvotronics for approximately $64M in cash as part of efforts to expand its portfolio of protected communications technology offerings.

Durham, N.C.-based Nuvotronics designs and builds antennas, combiners, filters and other RF devices using the PolyStrata technology developed by the company with the Defense Advanced Research Projects Agency, Cubic said Thursday.

œNuvotronics’ PolyStrata technology will significantly enhance our protected communications business and position Cubic to address additional high-priority, dual-use technology markets in space, electronic warfare, hypersonic and 5G communications, said Mike Twyman, president of Cubic Mission Solutions.

Cubic used its existing credit facility to fund the acquisition, which includes up to $8M in potential earn-out payments based on future performance and is expected to be accretive to the company™s cash earnings per share by the second year of operations.

Video of the Day

Related Articles

DARPA’s Kathleen Fisher On The Promise and Pitfalls of AI Artificial Intelligence

DARPA’s Kathleen Fisher On The Promise and Pitfalls of AI

Artificial intelligence has seen a meteoric rise across the public and private sectors alike as new advancements, policies and opportunities fuel continued growth and interest for the promising technology. However, AI is not without risk, and government leaders are weighing risk against potential benefits as they seek to adopt it. Dr. Kathleen Fisher, director of

DARPA Wants to ‘Build AI Systems We Can Trust,’ Says Dr. Kathleen Fisher Artificial Intelligence

DARPA Wants to ‘Build AI Systems We Can Trust,’ Says Dr. Kathleen Fisher

“Our goal at DARPA is to explore how we can reliably build AI systems we can trust and not be foolish to do so," according to DARPA's Dr. Kathleen Fisher, who runs the agency’s Information Innovation Office.Dr. Fisher will go in-depth on the multi-layered use cases for AI at the 5th Annual AI Summit on March 21st. Register now, so you can ask Dr. Fisher or any of the other esteemed guests your burning questions.

DARPA Selects 6 Companies for $1.25B Technical & Analytical Support Services IDIQ Contract Contract Awards

DARPA Selects 6 Companies for $1.25B Technical & Analytical Support Services IDIQ Contract

The Defense Advanced Research Projects Agency has awarded six companies spots on a potential five-year, $1.25 billion contract for technical, advisory and analytical support services. DARPA received 12 offers for the multiple-award, indefinite-delivery/indefinite-quantity contract, which will provide services for all of the agency’s technical and support offices, the Department of Defense said Friday. The contractors