TYSONS CORNER, VA, April 23, 2018 — Cubic (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.
About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and robust and reliable content through seven influential websites and four consequential E-newswires. Headquarters are located in Tysons Corner, VA. www.executivemosaic.com
Contact:
David Smith
(703) 226-7002
[email protected]
