Cubic Corp. (CUB) Tuesday said it entered into deal to acquire Abraxas Corp., a Herndon, Virginia-based company that provides risk mitigation and subject matter and operational expertise for national security, law enforcement and homeland security clients.
The company stated that the all-cash transaction has a value of about $124 million and will be funded from Cubic's existing cash resources.
The acquisition is anticipated to close in December 2010, subject to finalization of required consents and regulatory approval.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.