Exhibit 99.1

Cubic Reports Third Quarter Fiscal Year 2014 Results and Lowers 2014 Revenue and EPS Guidance

·                  Sales of $340.4 million for the quarter and $1.002 billion for the nine-month period

·                  Net income of $12.2 million, or $0.45 per diluted share for the quarter

·                  Net income of $36.7 million, or $1.36 per diluted share for the nine-month period

·                  Non-GAAP Adjusted EBITDA of $26.7 million for the quarter (see the table included in the section titled “Use of Non-GAAP Financial Information” for a reconciliation of these GAAP and non-GAAP financial measures)

·                  Total backlog of $2.428 billion as of June 30, 2014

·                  Cash provided by operating activities of $66.0 million for the quarter and $36.7 million for the nine-month period

·                  Revenue guidance lowered to between $1.39 and 1.42 billion; EPS to between $2.30 to $2.60 for the year

San Diego, CA, August 4, 2014 — Cubic Corporation (NYSE: CUB) today reported its financial results for the quarter and nine-month periods ended June 30, 2014.

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Third Quarter Results

Sales for the third quarter of fiscal 2014 were $340.4 million compared to $337.2 million in 2013, as restated, an increase of 1 percent. Net income attributable to Cubic shareholders was $12.2 million, or $0.45 per diluted share, compared to $18.4 million, or $0.69 per diluted share, as restated, in the third quarter of 2013.

Operating income was $19.2 million compared to $26.9 million, as restated, in the third quarter of 2013.  Operating income decreased 19 percent in the transportation segment, 50 percent in the mission support segment and 46 percent in the defense systems segment.

Non-GAAP Adjusted EBITDA (as described below) was $26.7 million or 7.9 percent of sales for the quarter compared to $33.3 million or 9.9 percent of sales in the third quarter of 2013.

Backlog was $2.428 billion at the end of the quarter compared to $2.647 billion at September 30, 2013, as restated, a decrease of $218.4 million. Decreases in backlog for the transportation systems and mission support segments were partially offset by an increase in defense systems backlog.

First Nine Months Results

Sales for the first nine months of fiscal 2014 were $1.002 billion compared to $1.021 billion in 2013, as restated, a decrease of 2 percent. Net income attributable to Cubic shareholders was $36.7 million, or $1.36 per diluted share, compared to $62.3 million, or $2.33 per diluted share, as restated, in the first nine months of 2013.

Operating income was $53.2 million in the first nine months of 2014 compared to $84.8 million, as restated, in 2013.  Operating income decreased 49 percent in the transportation segment and 47 percent in the mission support segment, while increasing 112 percent in the defense systems segment.

Non-GAAP Adjusted EBITDA was $76.0 million or 7.6 percent of sales for the first nine months compared to $102.8 million or 10.1 percent of sales in 2013.

“We have had a challenging year thus far primarily due to execution issues on our Transportation System projects in Chicago and Vancouver, as well as the continued adverse impact of the slowdown in U.S. government spending on the operations of our Mission Support Services business,” said Bradley H. Feldmann, president and chief executive officer of Cubic Corporation “As a consequence, we are revising our guidance for fiscal year 2014, but continue to expect a strong fourth quarter.”

“Additionally, we have recently announced multiple contract wins across our businesses.   These key wins will give us record backlog and posture us for future growth.”

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Reportable Segment Results

Transportation Systems

Cubic Transportation Systems (CTS) sales increased 14 percent in the third quarter to $153.0 million compared to $134.8 million last year, and increased 8 percent for the nine-month period to $429.1 million from $398.4 million last year. Businesses acquired by CTS in fiscal years 2013 and 2014 contributed sales of $14.9 million and $36.9 million during the quarter and nine months ended June 30, 2014, respectively, compared to $3.1 million and $4.6 million for the quarter and nine months ended June 30, 2013.

During the quarter and nine months ended June 30, 2014, CTS increased its estimated costs to complete a contract to design and build a system in Vancouver. Since the cost-to-cost percentage of completion method of accounting is used for the development and build of this system, increases in estimated total costs have an impact of reducing revenue and operating margin. Increases in cost estimates in the quarter ended June 30, 2014 reduced sales and operating income by $13.5 million. Increases in cost estimates in the nine months ended June 30, 2014 reduced sales and operating income by $18.3 million.

During the quarter ended June 30, 2014, for a system development and services contract in Chicago, the customer determined that CTS had met the final criteria for system delivery effective January 1, 2014. According to the contract with this customer, monthly payments for this contract increase when delivery of the system is completed and accepted. As such, in the quarter ended June 30, 2014 these increased contractual amounts were billed and collected for the months of January 2014 through June 2014. Revenue is being recognized for this contract based upon when amounts are billable to the customer. Therefore, revenue recognized in the quarter ended June 30, 2014 includes $7.5 million related to amounts that were billable for the months ended January 2014 through March 2014.

CTS operating income decreased 19 percent in the third quarter to $15.3 million compared to $19.0 million last year, and decreased 49 percent for the nine-month period to $35.2 million from $69.5 million last year. CTS operating income for the quarter and nine months ended June 30, 2014 decreased due to the changes in cost estimates on the Vancouver contract described above. The decrease in CTS operating income for the nine-month period was also impacted by the increased costs of providing services on a transportation contract in Chicago. The provision of services under this contract began just prior to the end of fiscal

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2013. Revenue recognized on this contract is limited to billable amounts, which were significantly less than costs incurred to provide these services until the billable amounts increased upon system acceptance, which occurred effective January 1, 2014. For the nine-month period ended June 30, 2014, the operating loss for this contract was $24.2 million.  However, for the quarter ended June 30, 2014, the operating margin on this contract in Chicago improved compared to the first half of the year due to the increase in the billable amounts effective January 1, 2014. The operating margin on this contract was $1.2 million for the quarter, which, as discussed above, includes $7.5 million related to amounts that were billable for the months ended January 2014 through March 2014. The decrease in operating income for the quarter and nine-month period were partially offset by increased operating profit on increased work from system development contracts in the U.K. The decrease in operating income for the nine-month period was also partially offset by increased system usage bonuses on our contract in London that were recognized in the second quarter of fiscal 2014.

Businesses acquired by CTS in 2013 and 2014 had operating losses of $0.4 million and $2.1 million, respectively, for the three- and nine-month periods ended June 30, 2014 compared to operating losses of $0.2 million and $0.5 million, respectively for the quarter and nine-month periods ended June 30, 2013.

Mission Support Services

Mission Support Services (MSS) sales decreased 26 percent in the third quarter to $91.8 million compared to $123.8 million last year, and decreased 19 percent for the nine-month period to $291.7 million from $359.4 million last year. Sales for the first nine months of the fiscal year were lower due in part to the U.S. government’s shut down in October 2013. Sales for the quarter and nine months ended June 30, 2014 also decreased due to reductions in spending by the U.S. government.  The decrease in sales was also caused by the loss of a contract early in fiscal year 2014 due to a lower bid by a competitor. These reductions were partially offset by growth in the Simulator Training business area due to the win of a new contract in early fiscal 2014. NEK Special Programs Group LLC (NEK), a Special Operation Forces training business acquired in December 2012, had sales of $14.4 million and $34.0 million for the three- and nine-month periods ended June 30, 2014 compared to sales of $11.4 million and $21.1 million for the three- and nine-month periods ended June 30, 2013.

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MSS operating income decreased 50 percent in the third quarter to $1.8 million compared to $3.6 million last year, and decreased 47 percent for the nine-month period to $6.0 million from $11.4 million last year. The decreased operating income for the quarter and nine-month period resulted from the sales decreases described above and reduced profit margins on contracts due to competitive pressures driving down bid prices. Operating income also decreased as a result of a focused investment MSS is making to increase its footprint in the Special Operations Forces market, which totaled $0.6 million for the quarter and $1.3 million for the nine months. NEK had an operating loss of $0.2 million for the quarter and $0.8 million for the nine-month period ended June 30, 2014 compared to $0.7 million for the quarter and $1.2 million for the nine-month period ended June 30, 2013, which had included $0.6 million of acquisition-related costs.

Defense Systems

Cubic Defense Systems (CDS) sales increased 22 percent in the third quarter to $95.6 million compared to $78.6 million last year, and increased 7 percent for the nine-month period to $281.2 million from $262.5 million last year. Businesses acquired by CDS in 2013 and 2014 contributed sales of $6.7 million and $11.8 million for the three- and nine-month periods ended June 30, 2014 and had no sales for the comparable periods ended June 30, 2013. Sales were higher for both the quarter and nine-month period from a new ground combat training system development contract in the Far East, from tactical engagement simulation system contracts and from simulator contracts, including a new contract to develop simulation trainers for the Littoral Combat Ships. These increases in sales were partially offset by lower sales of air combat training systems, personnel locater systems and asset tracking products for the quarter and nine-month period.

Operating income was $3.3 million for the quarter compared to $6.1 million last year, and increased to $16.1 million for the nine-month period from $7.6 million last year. For the nine-month period ended June 30, 2014 increases in operating income of organic business were partially offset by operating losses from businesses purchased in 2013 and 2014. For

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the quarter ended June 30, 2014 the operating losses from businesses purchased in 2013 and 2014 more than offset the increases in operating income from organic business. For the quarter and for the nine-month period ended June 30, 2014 operating income was higher on increased sales of ground combat training system, simulator and development contracts, partially offset by lower operating profits on decreased sales of air combat training systems and personnel locater systems. In addition, for the nine-month period ended June 30, 2013 the operating loss was impacted by cost increases of $2.6 million we experienced in the first half of fiscal 2013 on a U.S. government contract for data link products.

Businesses acquired by CDS in 2013 and 2014 incurred operating losses of $1.8 million and $6.0 million for the three- and nine-month periods ended June 30, 2014, respectively, and had no operating losses in the comparable periods ended June 30, 2013. These operating losses for the nine-month period ended June 30, 2014 included $0.2 million of transaction costs and $3.7 million of compensation expense for amounts paid to Intific employees upon the close of the acquisition.

In addition, last year’s operating results for the nine-month period had included a restructuring charge of $6.2 million compared to $0.4 million for the quarter and nine-month period ended June 30, 2014.

Cash Flows

Operating cash flow was positive in the quarter totaling $66 million. For the nine months operating cash flow was a positive $36.7 million compared to a negative $6.8 million last year.  CDS and MSS segments were providers of cash and CTS was a user of cash for the nine months.  In the quarter, CTS provided $39.4 million of cash.

Financial Restatement

As previously disclosed, in May 2014 Cubic filed Amendment No. 1 on Form 10-K/A to its Annual Report on Form 10-K for the year ended September 30, 2013 to restate its previously filed consolidated financial statements for the fiscal years ended September 30, 2013 and 2012, and each of the quarters of 2013 and 2012, and to make certain immaterial corrections to its previously filed consolidated financial statements for periods prior to the fiscal year ended September 30, 2012.

Conference Call

Cubic management will host a conference call to discuss the company’s third quarter and first nine months results today at 4:30 p.m. ET (1:30 p.m. PT) that will be simultaneously broadcast over the Internet. Bradley H. Feldmann, president and chief executive officer and John “Jay” D. Thomas, executive vice president and chief financial officer, will host the call.

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Conference Dial-In Information

Financial analysts and institutional investors interested in participating in the call are invited to dial

·                  877 407-8293 for domestic callers

·                  201 689-8349 for international callers

Please dial-in approximately 10 minutes prior to the start of the call.

Audio Webcast

Listeners may access the conference call live over the Internet at the company’s website under the “Investor Relations” tab at www.cubic.com.

Please allow 15 minutes prior to the call to visit our website to download any necessary audio software. For those unable to listen to the live broadcast, an archived version will be available at the same location for approximately 30 days following the live webcast.

About Cubic

Cubic Corporation is globally diversified in transportation and defense markets. The company’s Transportation segment is a leading systems integrator that develops and provides fare collection infrastructure, services and technology for public transit authorities and operators worldwide. Cubic’s Mission Support Services segment is a leading provider of training, operations, maintenance, technical and other support services to the U.S. and allied nations. The Defense Systems segment is a leading provider of realistic combat training systems and secure communications systems. For more information about Cubic, see the company’s web site at www.cubic.com.

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Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to the safe harbor created by such Act. Forward-looking statements include, among others, statements about our expectations regarding future events or our future financial and/or operating performance. These statements are often, but not always, made through the use of words or phrases such as “may,” “will,” “anticipate,” “estimate,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “believe,” “intend,” “predict,” “potential,” “opportunity” and similar words or phrases or the negatives of these words or phrases. These statements involve risks, estimates, assumptions and uncertainties that could cause actual results to differ materially from those expressed in these statements, including, among others: our dependence on U.S. and foreign government contracts; delays in approving U.S. and foreign government budgets and cuts in U.S. and foreign government defense expenditures; the ability of certain government agencies to unilaterally terminate or modify our contracts with them; our ability to successfully integrate new companies into our business and to properly assess the effects of such integration on our financial condition; the U.S. government’s increased emphasis on awarding contracts to small businesses, and our ability to retain existing contracts or win new contracts under competitive bidding processes; the effects of politics and economic conditions on negotiations and business dealings in the various countries in which we do business or intend to do business; risks associated with the restatement of our prior consolidated financial statements, including our identification of material weaknesses in our internal control over financial reporting; competition and technology changes in the defense and transportation industries; our ability to accurately estimate the time and resources necessary to satisfy obligations under our contracts; the effect of adverse regulatory changes on our ability to sell products and services; our ability to identify, attract and retain qualified employees; business disruptions due to cyber security threats, physical threats, terrorist acts, acts of nature and public health crises; our involvement in litigation, including litigation related to patents, proprietary rights and employee misconduct; our reliance on subcontractors and on a limited number of third parties to manufacture and supply our products; our ability to comply with our development contracts and to successfully develop, introduce and sell new products, systems and services in current and future markets; defects in, or a lack of adequate coverage by insurance or indemnity for, our products and systems; and changes in U.S. and foreign tax laws, exchange rates or our economic assumptions regarding our pension plans. In addition, please refer to the risk factors contained in our SEC filings available at www.sec.gov, including our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Because the risks, estimates, assumptions and uncertainties referred to above could cause actual results or outcomes to differ materially from those expressed in any forward-looking statements, you should not place undue reliance on any forward-looking statements. Any forward-looking statement speaks only as of the date hereof, and, except as required by law, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date hereof.

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Use of Non-GAAP Financial Information

Adjusted EBITDA represents net income attributable to Cubic before interest, taxes, non-operating income, goodwill impairment charges, depreciation and amortization. We believe that the presentation of Adjusted EBITDA included in this report provides useful information to investors with which to analyze our operating trends and performance and ability to service and incur debt. Also, Adjusted EBITDA is a factor we use in measuring our performance and compensating certain of our executives. Further, we believe Adjusted EBITDA facilitates company-to-company operating performance comparisons by backing out potential differences caused by variations in capital structures (affecting net interest expense), taxation, the age and book depreciation of property, plant and equipment (affecting relative depreciation expense), goodwill impairment charges and non-operating expenses which may vary for different companies for reasons unrelated to operating performance. In addition, we believe that Adjusted EBITDA is frequently used by securities analysts, investors and other interested parties in their evaluation of companies, many of which present an Adjusted EBITDA measure when reporting their results. Adjusted EBITDA is not a measurement of financial performance under GAAP and should not be considered as an alternative to net income as a measure of performance. In addition, other companies may define Adjusted EBITDA differently and, as a result, our measure of Adjusted EBITDA may not be directly comparable to Adjusted EBITDA of other companies. Furthermore, Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation, or as a substitute for analysis of our results as reported under GAAP.

Because of these limitations, Adjusted EBITDA should not be considered as a measure of discretionary cash available to us to invest in the growth of our business. We compensate for these limitations by relying primarily on our GAAP results and using Adjusted EBITDA only supplementally. You are cautioned not to place undue reliance on Adjusted EBITDA.

The following table reconciles Adjusted EBITDA to net income attributable to Cubic, which we consider to be the most directly comparable GAAP financial measure to Adjusted EBITDA.

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Financial Statements

CUBIC CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

(amounts in thousands, except per share data)

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CUBIC CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(in thousands)

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CUBIC CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(in thousands)

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