San Diego-based Cubic Corp. said Tuesday it won a $700 million, 10-year contract from Transport for London covering ticketing and fare collection services for public transportation in the British capital.
Cubic has worked with London system, one of the busiest and most complex in the world, for more than three decades.
“London is unique among the cities Cubic serves and our entire team is committed to providing the best service and most appropriate innovation to support TfL in its mission to deliver a pioneering, world-class service for its citizens,” says Steve Shewmaker, president of Cubic Transportation Systems.
Cubic introduced the Oyster, a smartcard which holds pay as you go credit, to travel on London’s bus, tube, tram and train services. There are more than 29 million Oyster cards in circulation.
The company’s payment and information systems are used by over 130 transport operators worldwide.