Cubic: Acquisitions move company into high-growth work

Cubic executives said today the company's recent acquisitions of TeraLogics and GATR Technologies bring it into areas with greater growth rates and better profit margins.

During a call with analysts Friday, Bradley Feldmann, Cubic's chief executive, said the deals significantly expand Cubic's footprint in the defense C4ISR market. The company said it now has a C4ISR business with more than $200 million in annual sales.

Cubic announced last month it would pay about $233 million for GATR, which makes deployable satellite communication terminals, and $39 million for TeraLogics, which focuses on full-motion video analysis and delivery software.

Jay Thomas, Cubic's chief financial officer, said Friday he expects the GATR acquisition to close later this month. The TeraLogics deal is already complete.