Former Honeywell Executive Stevan Slijepcevic Named President and CEO
30-year Industry Veteran Mac Curtis Appointed Chairman

Cubic Corporation ("Cubic" or the "Company") today announced that Stevan Slijepcevic has been appointed President and Chief Executive Officer and that Mac Curtis has been appointed Chairman of the Board. Messrs. Slijepcevic and Curtis succeed Bradley H. Feldmann, who has stepped down as Chairman, President and CEO.

Cubic is backed by Veritas Capital ("Veritas"), a longstanding investor in companies operating at the intersection of technology and government, and Evergreen Coast Capital Corporation ("Evergreen"), the technology-focused private equity affiliate of Elliott Investment Management, L.P.

A seasoned executive with over 25 years of operational experience, Mr. Slijepcevic recently served as President of Electronic Solutions at Honeywell Aerospace, a diversified technology and manufacturing company serving customers in commercial air transport, defense, space, business and general aviation and urban air mobility. In this role, Mr. Slijepcevic led a business unit of more than 6,000 engineering, product, and business development professionals across more than 20 global engineering and manufacturing sites, helping grow the business to over $4.5 billion. Previously, Mr. Slijepcevic served as Honeywell Aerospace's President of Mechanical Systems and Components, where he led strategy and operational improvement and execution, driving the business unit's growth to nearly $3.5 billion.

Mr. Curtis brings more than 30 years of proven leadership experience as a multi-time CEO in the government technology industry, and more than 15 years' experience partnering with Veritas. He most recently served as Chairman and CEO of Perspecta (NYSE:PRSP), a leading U.S. government IT solutions and services provider, recently acquired by Veritas as part of Peraton. Prior to that, Mr. Curtis was the President and CEO of Vencore, a provider of highly technical government technology solutions, and Vangent, a provider of information technology and business process outsourcing to government customers. Both Vencore and Vangent were former Veritas portfolio companies. As Chairman, Mr. Curtis will work closely with the Board and the Company's executive team to drive strategy and execution at Cubic.

"Cubic has an unparalleled history of creating critical integrated solutions for its customers, forming deep relationships predicated on its industry-leading ability to address the mission-critical needs of our customers," said Mr. Slijepcevic. "With a strong foundation in place and clear opportunities ahead, Cubic is at an exciting inflection point. I am excited to leverage my operational expertise and experience growing diversified businesses – in partnership with the talented Cubic team, Mac and the rest of the Board – as Cubic embarks on its next era of growth as a private company."

"Cubic's focus on innovation and customer service has driven its rapid growth and success to date," said Mr. Curtis. "On behalf of the Board, we are grateful to Brad for his leadership over the past two plus decades, which established a strong foundation and positioned Cubic as an industry leader."

Mr. Curtis continued, "Now, with enhanced opportunities following completion of the go-private transaction, the Board is confident that Steve is the right leader for Cubic as the Company embarks on its next chapter. I look forward to working with Steve and the Board as Cubic captures the opportunities ahead."

Stevan Slijepcevic Biography

Since joining Honeywell Aerospace in 1995, Mr. Slijepcevic held roles of increasing responsibility that were instrumental to supporting the company's growth. He was appointed Honeywell Aerospace's President of Electronic Solutions in October 2019. In this role, he was responsible for long-term strategic planning, the successful development and execution of the company's annual operating plan to optimize profitability. Previously, Mr. Slijepcevic served as Honeywell Aerospace's President of Mechanical Systems and Components. Prior to that, he served as Chief Commercial Officer. He has also held the roles of VP of Integrated Supply Chain, VP of Navigation & Sensors, VP of Mechanical Components, VP of Components and VP of Honeywell's Embraer business.

Mr. Slijepcevic holds a bachelor's and master's degree in aerospace engineering from Purdue University as well as a master's degree in business administration from Indiana University.

Mac Curtis Biography

Mac Curtis served as Chairman and CEO of Perspecta (NYSE:PRSP) from June 2018 until his retirement in May 2021. During his tenure, he helped to create and launch Perspecta and also led its processes towards both becoming a publicly traded company and later a successful sale, which when completed, provided shareholders with returns exceeding 45%. Prior to that he served as CEO of Vencore, which was later merged with two other platforms to form Perspecta. Under his leadership, Vencore, and its successor company, Perspecta, grew from $815 million to over $7 billion in enterprise value. Previously he served as President and CEO of Vangent, which he subsequently sold to General Dynamics in 2011 for $980 million. He also held senior leadership positions at Pearson government solutions and DynCorp International.

Mr. Curtis serves on several non-profit boards including the Professional Services Council (PSC), the Northern Virginia Technology Council (NVTC), the Military Bowl/USO board supporting wounded veterans and the Greater Washington Region of the American Heart Association. He holds a bachelor's degree in civil engineering from the Virginia Military Institute. He has been on the Wash100 list seven times.

About Cubic Corporation

Cubic is a technology-driven, market-leading provider of integrated solutions that increase situational understanding for transportation, defense C4ISR and training customers worldwide to decrease urban congestion and improve the militaries' effectiveness and operational readiness. Our teams innovate to make a positive difference in people's lives. We simplify their daily journeys. We promote mission success and safety for those who serve their nation. For more information about Cubic, please visit www.cubic.com.

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Cubic Corporation Announces Leadership Transition