Concurrent Technologies (AIM:CNC), the AIM-listed designer and manufacturer of embedded computing products for defence and high-performance markets, has secured a $9.4m production order from a major US defence prime contractor, converting a design win first secured in 2024.
Of the total, $6.2m covers the supply of approximately 400 plug-in computing cards for delivery across 2026 and 2027, while the remaining $3.2m represents a customer commitment to procure components for potential future production, conditional on the customer securing additional contract funding in the second half of 2026 and subject to a short-term cancellation period.
The order is for Concurrent's TR-LBE 3U VPX computing board, which the company says was first to market using Intel's 13th Generation Core i7 processor within a US Department of Defense SOSA open-standards architecture, and was the only product evaluated for the programme after competing solutions failed to meet performance and delivery requirements.
The boards will be deployed in a rugged airborne Electronic Countermeasures programme, replacing a legacy custom solution, with two Concurrent boards per aircraft application across a fleet serving the US customer.
CEO Miles Adcock said the order demonstrates design wins "now converting into production activity, as we previously indicated would begin from 2026 onwards," adding that based on current programme assumptions total lifetime value is expected to reach approximately $18m, with further orders anticipated through to 2030.
