Concurrent Technologies Plc (LSE:CNC) has secured its largest UK defence deal to date, valued at £4 million, with a leading UK defence prime contractor. The agreement covers the supply of rugged single-board computers compliant with the VME standard, tailored to specific customer requirements, with deliveries scheduled through 2028 and options to extend into the 2030s.
The contract represents a strategic partnership emphasizing obsolescence management and technology upgrades, supporting European border security initiatives. CEO Miles Adcock noted that this deal strengthens the company’s presence in the UK defence market and reinforces its commitment to the VME standard.
Concurrent Technologies’ solid financial performance is underpinned by strong revenue growth, profitability, and stability. However, technical indicators suggest limited upward momentum, and a high P/E ratio raises concerns about potential overvaluation, moderating the outlook.
About Concurrent Technologies
Concurrent Technologies Plc designs and manufactures high-performance embedded plug-in cards and systems for a variety of applications in telecommunications, defence, security, telemetry, scientific research, and aerospace, including extreme environments. Its products feature Intel® processors—including the latest embedded Intel® Core™, Xeon®, and Atom™ processors—and comply with industry specifications while supporting major embedded operating systems. The company’s solutions are distributed globally.
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