Boeing, Cubic Establish Training Systems Alliance
Boeing [NYSE:BA] and Cubic Defense Applications Group, the defense segment of Cubic Corporation [AMEX:CUB], announced today at the 2005 Interservice/Industry Training, Simulation and Education Conference, in Orlando, the signing of a memorandum of understanding establishing an alliance to pursue technology competency development and integrated -- live, virtual, constructive training programs.
According to Keith Hertzenberg, vice president of Boeing Training Systems and Services and Gerald Dinkel, president and CEO of Cubic Defense Applications, Boeing brings exceptional experience, investment and skills as a provider of virtual training systems, while Cubic brings exceptional experience, investment and skills in providing live training solutions and constructive simulation environments.
"This strategic alliance will enable our companies to pool our talents and technologies to shape innovative and effective solutions to assist the Department of Defense with training transformation," said Hertzenberg.
"With the combined strengths of these two companies, we expect to be a major factor in accelerating the integration of the training environments," said Dinkel.
The companies have established a joint team to explore each other's existing capabilities in the following areas:
- Networking in all training environments
- Innovative simulation devices
- Integration of new and existing training systems
- Range technologies and services
- Embedded training technologies
An executive steering committee consisting of executives from each company will nurture and guide the alliance, and determine if, when, and how to implement recommendations, which may include investments, prioritization and re-direction of work scope and apportionment of statements of work.
A unit of The Boeing Company, Boeing
Integrated Defense Systems is one of the world's largest space and defense businesses. Headquartered in St. Louis, Boeing Integrated Defense Systems is a $30.5 billion business. It provides network-centric system solutions to its global military, government, and commercial customers. It is a leading provider of intelligence, surveillance and reconnaissance systems; the world's largest military aircraft manufacturer; the world's largest satellite manufacturer and a leading provider of space-based communications; the primary systems integrator for U.S. missile defense and Department of Homeland Security; NASA's largest contractor; and a global leader in sustainment solutions and launch services.
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