Cubic Appoints Executive Advisory Board Composed of Leading Defense Experts
Will Advise Management Team on Strategic Growth Opportunities

SAN DIEGO, Calif. - April 8, 2010 - Cubic Defense Applications, Inc., the defense systems unit of Cubic Corporation (NYSE: CUB), announced today that it has formed an Executive Advisory Board composed of leading defense, intelligence, counterterrorism, industry and retired flag officers to help the company evaluate strategic growth opportunities, enter new markets, and assess technology investments.

The Executive Advisory Board members include:

Admiral Vern Clark (retired) - Former Chief of Naval Operations
Roger Cressey - Partner, Good Harbor Consulting LLC; Former Director for Transnational Threats, National Security Council
General William W. Hartzog (retired) – Former Commander, Training and Doctrine Command, United States Army
General Michael Hayden (retired) - Former Director, Central Intelligence Agency/National Security Agency
General William R. Looney, III (retired) - Former Commander, Air Education and Training Command, United States Air Force
General Henry H. Shelton (retired) - Former Chairman, Joint Chiefs of Staff, and Commander, Special Operations Command, United States Army
Marty Winkler - Former Group Vice President, Cubic Defense; former Vice President and General Manager, Global Hawk Program, Northrop Grumman Corp.
John J. Young, Jr. - Former Under Secretary of Defense for Acquisition, Technology & Logistics

“We are thrilled the Executive Advisory Board members have agreed to support our strategic growth initiatives,” said Bradley H. Feldmann, President of Cubic Defense Applications, Inc. “Together the EAB members bring unsurpassed weight, substance, experience, and the highest-caliber expertise to support our planning process.”

In addition to regularly scheduled meetings with the Cubic management team, the EAB members are available to advise on specific initiatives to ensure Cubic maintains its leadership position in training and communications markets.

Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services. Cubic Transportation Systems is the world's leading provider of automated fare collection systems and services for public transit authorities.