Concurrent Technologies (GB:CNC) has released an update.
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Concurrent Technologies Plc has announced a significant contract win with a US defense prime contractor, securing an initial $255k for low-rate initial production units with the anticipation of full-rate production orders that could total around $5m. Additionally, a separate $133k contract for system-related electronics could lead to an estimated $1.7m in lifetime value. CEO Miles Adcock expresses confidence in the growth and future revenue potential of their Systems business unit, especially following strategic hires in Los Angeles.
For further insights into GB:CNC stock, check out TipRanks’ Stock Analysis page.
