Total backlog decreased $15.2 million from $2,831.6 million at September 30, 2012 to $2,816.4 million at December 31, 2012. Backlog in our defense businesses has been impacted in part due to the budgetary uncertainties experienced by our U.S. governmental agency customers and shorter-term contract awards.
Cubic's management will hold its first-ever earnings conference call on Monday, February 11, 2013 at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to review the company's financial results for the first quarter ended December 31, 2012 and provide a company update. The company's prepared remarks will be followed by a question and answer period. Please refer to the company's press release for more details.
Cubic Corporation is the parent company of three business segments: Transportation Systems, Mission Support Services, and Defense Systems. Transportation Systems is a leading provider of automated fare collection systems and services for public transit authorities worldwide. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services to the U.S. and allied nations. Defense Systems is a leading provider of realistic combat training systems and secure communications, including data links, cyber technologies, asset tracking solutions, and defense electronics. For more information about Cubic, see the company's Web site at www.cubic.com.
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; 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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