Cubic Cubic Corporation Announces Semi-Annual Dividend

SAN DIEGO, Calif. - February 23, 2010 - Cubic Corporation (NYSE: CUB) today announced its Board of Directors approved a regular semi-annual dividend of 9 cents per share. The dividend will be payable on April 2, 2010 to shareholders of record at the close of business on March 12, 2010. Cubic has paid uninterrupted semi-annual dividends for 38 years.

Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services. Cubic Transportation Systems is the world’s leading provider of automated fare collection systems and services for public transit authorities. For more information about Cubic, see the company's Web site at www.cubic.com.