Cubic Completes Acquisition of Deltenna Limited


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Cubic Corporation (NYSE: CUB) today announced the acquisition of Deltenna Limited (Deltenna), a wireless infrastructure company specializing in the design and delivery of radio and antenna communication solutions. The addition of Deltenna, headquartered in Chippenham, United Kingdom, will enhance Cubic's tactical communication and training capabilities by effectively delivering high-capacity data networks within challenging and rigorous environments.

Since 2002, Deltenna has developed a recognized reputation for its expertise in specialized applications of wireless communication technology including those for use by public safety and emergency response teams worldwide. Deltenna's products incorporate enhanced Long Term Evolution (LTE)/4G technology to deliver fast data rates needed to meet the critical communications needs of Cubic's customers. With the advancement of training and tactical technologies requiring high capacity data sharing, Deltenna offers fully expeditionary and integrated LTE solutions to support warfighters in every setting.

"The addition of Deltenna aligns very well with Cubic's culture of innovation and we are pleased to welcome Deltenna to our Cubic family," said Bradley H. Feldmann, president and chief executive officer of Cubic Corporation. "With Deltenna, we will strengthen our capability of developing and integrating products that will change the way our military forces communicate, train and operate."

Deltenna designs and manufactures cutting-edge integrated wireless products including compact LTE base stations, broadband range extenders for areas of poor coverage and rugged antennas, which are leaders in their class. Deltenna's rugged antennas are small, light and ideal for rapid deployment in emergency situations. All products are based on the company's extensive expertise in LTE, frequency re-banding and advanced antenna technologies. Deltenna currently has a portfolio of more than ten issued and pending patents in the fields of antennas and integrated wireless systems.

About Cubic Corporation

Cubic Corporation designs, integrates and operates systems, products and services focused in the transportation, defense training and secure communications markets. Cubic Transportation Systems is a leading integrator of payment and information technology and services to create intelligent travel solutions for transportation authorities and operators. Cubic Global Defense is a leading provider of live, virtual, constructive and game-based training solutions, special operations and intelligence for the U.S. and allied forces. Cubic Mission Solutions provides networked Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) capabilities for defense, intelligence, security and commercial missions. For more information about Cubic, please visit the company's website at www.cubic.com or on Twitter @CubicCorp.


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: Press Releases