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home / news releases / CUB - Cubic bags $39M contract from New York Metropolitan Transportation Authority

CUB - Cubic bags $39M contract from New York Metropolitan Transportation Authority

Cubic Corporation
Cubic Corporations' (CUB) Transportation division was awarded a contract option worth $39M by the New York Metropolitan Transportation Authority ((MTA)) to upgrade the fare payment system for Long Island Rail Road and Metro-North Railroad.The contract initiates the phase 4 option of the OMNY project and expands the contactless fare payment system to Long Island Rail Road and Metro-North Railroad.Post completion, OMNY will provide customers with multiple 24/7 self-service options for managing their accounts and options to purchase and reload fare media online, at local retailers and the railroads and NYC transit stations.Press Release

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Cubic bags $39M contract from New York Metropolitan Transportation Authority
Stock Information
Company Name: Cubic Corporation
Stock Symbol: CUB
Market: NYSE
Website: cubic.com
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