Concurrent Technologies secures $9.4m production order

(Sharecast News) - Concurrent Technologies announced on Thursday that it has secured a $9.4m production order from a major US defence prime contractor, marking the transition of a 2024 design win into production.

The AIM-traded company said $6.2m of the order covered around 400 TR-LBE 3U VPX computer plug-in cards for delivery in 2026 and 2027, while $3.2m related to customer-funded component procurement to support potential future production, subject to further contract funding in the second half of 2026.

Chief executive Miles Adcock said the programme showed recent design wins "now converting into production activity", adding that Concurrent expected the programme's total lifetime value to be about $18m, with further orders potentially running to 2030.

At 0936 BST, shares in Concurrent Technologies were up 1.18% at 270.65p.

Reporting by Josh White for Sharecast.com.

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