REG - Concurrent Tech. - Record c. £17m contract win

Concurrent TechnologiesAnnouncement

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RNS Number : 8358H  Concurrent Technologies PLC  11 June 2026

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11 June 2026

Concurrent Technologies Plc

("Concurrent", the "Company" or the "Group")

 

Record c. £17m contract win

 

Largest-ever order from European prime contractor enhances multi-year revenue
visibility

 

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, has secured a
four-year order worth c. £17 million from a major European defence equipment
prime contractor. The order is Concurrent's largest single contract to date,
significantly exceeding the previous largest order of $6.2 million received in
2025.

 

The long-standing customer is a leading provider of Ground Based Air Defence
("GBAD") systems and is expanding its production capacity to support
increasing demand.

 

The contract covers the supply of three variants of an established VME-based
computer board, with total volumes of over 3,400 units and associated
accessories. This covers existing customer demand, spares and anticipated
future demand for the next four years, enhancing revenue visibility for the
Company. The contract includes an upfront milestone payment from the customer
to fund the procurement of all required components for the programme.

 

Earlier this year Intel® announced a last time buy opportunity for a
processor used within Concurrent's product family. Given the extended
development, qualification and deployment cycles associated with defence
platforms, the customer has elected to secure four years of anticipated demand
through a single procurement exercise.

 

The Group's long-standing relationship with the customer together with its
extensive programme knowledge positions Concurrent favourably to support
future platform developments. As next-generation air defence systems are
developed and brought into service, Concurrent expects to be well placed to
support future generations of the customer's air defence platforms through its
evolving portfolio of embedded computing solutions.

 

CEO Miles Adcock commented: "This order represents our largest ever contract
win and demonstrates the longevity of our product set and the strength of our
long-standing customer relationships. It also reflects the confidence our
customers place in our products, our people and our ability to support
critical defence programmes over the long term.

 

"This contract secures several years of the customer's expected requirements
through a single commitment, providing us with enhanced multi-year revenue
visibility.

 

"More broadly, demand across our defence markets remains encouraging. Prior to
this award, we were already on track to achieve record first-half order
intake, while order intake in our Systems business has already exceeded the
level achieved during the whole of 2025. These indicators give us increasing
confidence as we continue to execute our strategy and build a broader, more
resilient foundation for long-term growth."

 

 

The person responsible for the release of this announcement is Miles Adcock,
CEO of Concurrent.

 

Enquiries:

 

 Concurrent Technologies Plc
 Miles Adcock - CEO

                                                                              +44 (0)1206 752626
 Kim Garrod - CFO

 Alma Strategic Communications
 Hannah Campbell / Josh Royston / Will Merison

                                                                                +44 (0)20 3405 0205

 Investec Bank plc (Financial Adviser, Nominated Adviser and Corporate Broker)  +44 (0)20 7597 5970
 Nick Prowting / Virginia Bull / Arnav Kapoor / Tommy Jackson

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.

 

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