Tees Valley Mayor supports Stockton business expansion with Cubic

The Tees Valley Mayor has visited a global transport systems company planning expansion of its operations in Stockton.

Tees Valley Mayor, Ben Houchen pledged to support Cubic in its aim to triple the workforce at its Global Operations Centre (GOC), headquartered in Stockton-on-Tees.

The GOC services Cubic Transportation Systems, a business unit of Cubic Corporation, and supports Cubic’s intelligent travel services offerings around the world.

Ben Houchen said: “I am proud that a global and innovative company, such as Cubic, has decided to open and expand one of its customer support functions within Tees Valley.

“Not only is Cubic continuing to grow, which further stimulates the local economy and secures the region as a leader in technological innovation, but it is doing so in a way that makes a tangible and direct difference to people’s lives.

“I wholeheartedly support Cubic’s commitment to strengthen the region. The Combined Authority will be working closely with the business to help its plans come to fruition.”

Cubic delivers integrated fare payment and information systems for transportation and traffic management, including tools for travellers to choose the smartest and easiest way to travel and pay for their journeys, with the Oyster ticketing system in London being an example.

The company recently secured a $539m contract to deliver New York’s new electronic payment system for public transport, in addition to a $575m contract for Boston.

Cubic processes more than 24bn financial transactions each year with more than 50m people using Cubic’s technology every day.

Craig Walton, Cubic’s IT operations manager, said: “This expansion is an exciting step forward for Cubic and indicates the faith we have in the region as a strong base of operations for years to come.”