Concurrent Technologies has bagged the biggest contract in its history, a four-year deal worth around £17m with a major European defence prime.
The new deal comfortably eclipses the $6.2m order that previously held the record.
The AIM-listed designer and manufacturer of high-performance computing products said the customer, a leading provider of Ground Based Air Defence systems, is ramping up production to meet rising demand.
The order covers more than 3,400 units across three variants of an established VME-based computer board, plus accessories, and is designed to meet existing demand, spares, and anticipated future needs through the next four years.
For a company of Concurrent’s size, a single order of this scale does wonders for revenue visibility, smoothing out the lumpiness that can dog the defence supply chain. Better still, the contract comes with an upfront milestone payment to fund the procurement of all the components the programme requires.
CEO Miles Adcock said: “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.”
Concurrent Technologies shares were 7% higher in the early stage of trading on Thursday.