US-based company Cubic has restructured its defence business segments in a bid to improve operational effectiveness.
As part of the consolidation, the company formed a new Cubic Mission and Performance Solutions (CMPS) segment by combining Cubic Mission Solutions (CMS) and Cubic Global Defense (CGD).
The new segment will focus on delivering technologies and solutions for training and in the field of Command, Control, Communication, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR).
The realignment is effective immediately.
With the move, Cubic seeks to reduce operational complexities and associated costs. The amalgamation of two defence business segments will also help in improving collaboration, organisation efficiency and expedite the use of common talent and technologies.
Cubic chairman, president and CEO Bradley H. Feldmann said: “Cubic’s unwavering commitment to Winning the Customer requires us to continually evaluate our business structure and organise our talent and resources in a manner that best serves our customers.
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“This aligns with our key priority of Living One Cubic, an ongoing dedication to effectively share resources across the company to achieve superior talent management, absolute customer focus, customer-centric innovation, cost-effective enterprise systems and impeccable ethics.
“This business realignment strengthens our ability to meet the ever-evolving needs of our global customers, enhances our operational agility and better positions Cubic to drive margin improvement and growth.”
As a result, the company now has two business segments- Cubic Transportation Systems and Cubic Mission and Performance Solutions.
The newly formed segment will be led by Michael Knowles.
Earlier this month, CMS secured a contract worth up to $172m to deliver tactical communications equipment and associated support services to US special operations forces.