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<PAGE>
EXHIBIT 21
SUBSIDIARY CORPORATIONS OF CUBIC CORPORATION
PLACE OF INCORPORATION AND PERCENTAGE OWNED
<TABLE>
<CAPTION>
PLACE OF PERCENTAGE
SUBSIDIARY INCORPORATION OWNED
<S> <C> <C>
ADT GLOBAL SERVICES, INC.
San Diego, California Delaware 100%
APPLIED DATA TECHNOLOGY, INC.
San Diego, California California 100%
CONSOLIDATED CONVERTING CO.
Whittier, California California 100%
CUBIC APPLICATIONS, INC.
Lacey, Washington California 100%
CUBIC COMMUNICATIONS, INC.
San Diego, California California 100%
CUBIC DATA SYSTEMS, INC.
San Diego, California California 90%
CUBIC DEFENSE SYSTEMS, INC.
San Diego, California California 100%
CUBIC FOREIGN SALES, INC. St. Thomas
San Diego, California U.S. Virgin Islands 100%
CUBIC LAND, INC.
San Diego, California California 100%
CUBIC MICROCHIP DEVELOPMENT CORPORATION
San Diego, California California 100%
CUBIC TRANSPORTATION SYSTEMS, INC.
San Diego, California California 100%
CUBIC TRANSPORTATION SYSTEMS FAR EAST LIMITED
Hong Kong, China Hong Kong 100%
CUBIC TRANSPORTATION SYSTEMS LIMITED
London, England England 100% *
* (100% owned subsidiary of Cubic (UK) Limited)
</TABLE>
<PAGE>
SUBSIDIARY CORPORATIONS OF CUBIC CORPORATION--CONTINUED
<TABLE>
<CAPTION>
PLACE OF PERCENTAGE
SUBSIDIARY INCORPORATION OWNED
<S> <C> <C>
CUBIC TRANSPORTATION SYSTEMS (AUSTRALIA) PTY LIMITED
New South Wales, Australia Australia 100% *
* (50% owned subsidiary of Cubic Corporation and
50% owned subsidiary of Cubic Transportation Systems, Inc.)
CUBIC (UK) LIMITED
London, England England 100%
CUBIC WORLDWIDE TECHNICAL SERVICES, INC.
San Diego, California Delaware 100%
NAVSAT CORPORATION
San Diego, California California 100%
OSCMAR INTERNATIONAL LIMITED
Auckland, New Zealand New Zealand 100%
SCANPOINT TECHNOLOGY A/S
Brondby, Denmark Denmark 100%*
* (100% owned subsidiary of Cubic Transportation Systems, Inc.)
</TABLE>
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