Concurrent Technologies (GB:CNC) has released an update.
Concurrent Technologies Plc has announced a $1.57M contract with a major US aerospace and defense contractor to supply computer products and testing services, marking a strategic move towards offering customized solutions in addition to standard products. The deal, which follows a $0.32M initial design contract, demonstrates the company’s integration capabilities and represents a new revenue stream, strengthening its position in the defense market. Concurrent Technologies is set to replace outdated equipment with their technology on an aircraft upgrade program, reflecting a significant shift in their product strategy and revenue sources.
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