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July 16, 2008
By: DAVID SAVASTANO
Editor, Ink World Magazine
The Los Angeles County Metropolitan Transportation Authority (Metro) has awarded Cubic Transportation Systems, Inc., a subsidiary of San Diego-based Cubic Corporation (AMEX: CUB), contracts totaling $68 million to enhance Metro’s automated Universal Fare System (UFS) operated on TAP(TM) smart card technology by adding Cubic’s advanced gating system and related services. The first contract, a $46 million lease agreement, is a 10-year arrangement for Cubic to deliver more than 420 fare...
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