Cubic Corporation (Cubic), is an international provider of systems and solutions that address the mass transit and global defense markets. The Company operates in three segments: Cubic Transportation Systems (CTS), Mission Support Services (MSS) and Cubic Defense Systems (CDS). As of the September 30, 2012, the Company�s CTS business accounted for approximately 37%; MSS and CDS accounted for approximately 36% and 27% of its net sales respectively. CTS specialize in the design, development, production, installation, maintenance and operation of automated fare payment and revenue management infrastructure and technologies for transit operators. In July 2013, Cubic Defense Applications, a Defense Systems business unit of Cubic Corp acquired certain assets and foreign subsidiaries of Advanced Interactive Systems. In November 2013, the Company acquired Serco's Transport Solutions business.