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Valiant Integrated Services Acquiring Cubic’s Defense Services Business

Cal Biesecker By
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Valiant Integrated Services Acquiring Cubic’s Defense Services Business
Cubic President and CEO Bradley Feldmann. Photo: Cubic Corp.

Cubic Corp. [CUB] on Thursday said it is selling its defense services business to a pure play federal services company, Valiant Integrated Services, for $135 million in cash, allowing it to sharpen its focus on its core transportation and defense businesses.The deal is expected to close within 45 days and includes $3 million in contingency provisions for Cubic if the Cubic Global Defense Services business wins certain contracts in the next one to two years.Valiant, which is based in Northern…

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