Concurrent Technologies (GB:CNC) has released an update.
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Concurrent Technologies Plc has announced a landmark contract with a top US Defense and Aerospace prime contractor, valued at $4.46M for supplying computer plug-in-cards for an aircraft sensing equipment upgrade program. This significant deal, resulting from a strong two-year relationship and technical credibility, is expected to have a lifetime value of over $40M, with substantial orders projected for the next 7-10 years. The company’s refreshed product line and strategic development approach were key factors in securing this largest ever contract win.
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