28th Oct 2026 07:00
28 October 2026
Concurrent Technologies Plc
(the "Company" or the "Group")
$7m in production orders from US defence prime contractor
Concurrent Technologies Plc (AIM: CNC), a designer and manufacturer of leading-edge computer products, systems, and mission-critical solutions used in high-performance markets by some of the world's major OEMs, is pleased to announce $7m of production orders from a major US Tier 1 defence prime contractor. This follows the $5.2m "design service" contract announced on 19 September 2025, which was subsequently upsized by $1.0m as announced in the January 2026 trading update.
These orders are for the initial production of custom single board computers and have been placed in two tranches, the first being $2.8m placed in May 2026, and the second being $4.2m just received, for delivery in 2026 and 2027. The total value of the programme with this customer is now $13.2m.
The customer selected Concurrent to design a unique product, having historically undertaken such design work in-house. The customer is now placing production contracts with Concurrent as it progresses its manufacturing plans.
Miles Adcock, CEO of Concurrent Technologies, commented: "The joint strategic decision to transfer design from our customer to Concurrent has enabled us to secure these additional orders. Whilst the design work was valuable business in its own right, these orders demonstrate the wider benefits of that decision for both organisations. I expect defence primes to increasingly outsource their hardware design requirements over the long term, creating further opportunities for work of this nature."
Enquiries:
Concurrent Technologies PlcMiles Adcock - CEO Emma Ciechan - CFO
|
+44 (0)1206 752626 |
Alma Strategic CommunicationsHannah Campbell Josh Royston Will Merison
| +44 (0)20 3405 0205 |
Investec Bank plc (Financial Adviser, Nominated Adviser and Corporate Broker) Nick Prowting Virginia Bull Arnav Kapoor Tommy Jackson | +44 (0)20 7597 5970 |
About Concurrent Technologies Plc
Concurrent Technologies Plc develops and manufactures high-end embedded plug-in cards and systems for use in a wide range of high-performance, long-life cycle applications within the telecommunications, defence, security, telemetry, scientific and aerospace markets, including applications within extremely harsh environments. The processor products feature Intel® processors, including the latest generation embedded Intel® Core™ processors, Intel® Xeon® and Intel Atom™ processors. The products are designed to be compliant with industry specifications and support many of today's leading embedded operating systems. The products are sold world-wide.
For more information on Concurrent Technologies Plc and its products please visit www.concurrent.tech.
Related Shares:
Concurrent Technologies