[Congressional Record (Bound Edition), Volume 155 (2009), Part 5]
[Extensions of Remarks]
[Page 6601]
[From the U.S. Government Publishing Office, www.gpo.gov]




        CONGRATULATING WALTER J. ZABLE AND THE CUBIC CORPORATION

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                          HON. DARRELL E. ISSA

                             of california

                    in the house of representatives

                        Thursday, March 5, 2009

  Mr. ISSA. Madam Speaker, I rise today to recognize and congratulate 
Cubic Corporation, a San Diego-based company celebrating 50 years as a 
publicly traded entity. In fact, on March 5, 2009, executives from 
Cubic were invited to the New York Stock Exchange to ring the opening 
bell to mark the occasion.
  Since its founding in 1951 and subsequent status as a publicly traded 
company in 1959, Walter J. Zable, Chairman and CEO, has been at the 
helm. I've known Walt for many years and this celebration not only 
marks a 50-year milestone for Cubic, but serves as a remarkable 
testament to the wisdom and good business sense of Mr. Zable.
  While Cubic has experienced its share of business challenges, Mr. 
Zable has kept adhering to commonsense business tenets that steady the 
ship and allow Cubic steady, sustainable growth.
  Cubic has followed a strong and responsible business philosophy, 
allowing it to achieve solid growth over many years along with the 
ability to weather several economic downturns--including the one the 
country currently faces.
  While there are other companies that have had more spectacular growth 
than Cubic, many have suffered equally spectacular downturns as well. 
Cubic, under the leadership of Mr. Zable, has maintained a considered 
commonsense approach to its businesses thus returning stable, 
sustainable growth.
  From its humble beginnings almost 60 years ago, Cubic is now an 
enterprise with $881 million in 2008 sales and an employer of more than 
7,000 people worldwide. The markets that it works in--Defense and 
Transportation--are much needed in this tumultuous world and Cubic 
holds a strong position in these markets. Today the company now 
operates in more than 45 countries with the largest foreign customer 
being the United Kingdom.
  Indeed, in these difficult economic times, Cubic stands as a true 
American success story.

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