This excerpt taken from the CUB 8-K filed Nov 17, 2008.
Item 8.01 Other Events.
On November 12, 2008 the Companys wholly-owned subsidiary Cubic Transportation Systems, Ltd (UK) (CTSL) entered into a Future Ticketing Agreement (FTA) with Transport Trading Limited (TTL) for the continuation (including amendment of certain terms) of its former ticketing services contract (PRESTIGE/Oyster), through 2013. The former English court injunction against TTL has been dissolved by agreement.
This matter was previously reported in our Form 8-k filing of August 11, 2008.
The FTA becomes operational at the end of the current services contract arrangement in August 2010 and continues through 2013.
Under the FTA, CTSL becomes the prime contractor with TTL for the provision of ticketing services for Transport for London, which includes the London Underground, London Buses, Docklands Light Railway, Croydon Tram Link and London Overground.
The execution of the FTA allows Cubic to restore its transit-related backlog by £170 million (US $255 million) with effect at November 13, 2008.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned hereunto duly authorized.