Concurrent Technologies (CNC): Record European GBAD supply contract
This situation live
CNC Concurrent Technologies
11 Jun 2026 · Order secured; four-year delivery starting · +0% until the next step
This contract secures several years of the customer's expected requirements through a single commitment, providing us with enhanced multi-year revenue visibility.
2 Jul 2026 · Production order placed; PIC deliveries 2026-27 · +3% until the next step
The remaining $3.2m relates to a commitment by the customer to procure components to support potential future production requirements, subject to the customer securing further contract funding in the
7 Sep 2026 · Full $9.4m order now firm · −2% since
It is expected that revenue will be materially ahead and profit ahead, principally reflecting the phasing of profit recognition on a record contract win.
Record European GBAD supply contract
Full $9.4m order now firm
Next: PIC deliveries during 2026 and 2027; further orders to 2030
Every step · 3
- 11 Jun 2026 Order secured; four-year delivery starting – This contract secures several years of the customer's expected requirements through a single commitment, providing us with enhanced multi-year revenue visibility. ↗
- 2 Jul 2026 Production order placed; PIC deliveries 2026-27 – The remaining $3.2m relates to a commitment by the customer to procure components to support potential future production requirements, subject to the... ↗
- 7 Sep 2026 Full $9.4m order now firm – It is expected that revenue will be materially ahead and profit ahead, principally reflecting the phasing of profit recognition on a record contract win. ↗
What is happening
Concurrent Technologies: Record European GBAD supply contract – Full $9.4m order now firm. ['Full $9.4m order now firm']
- In short
- A 2024 design win with a major US defence prime moved into production on 2 Jul 2026 with a $9.4m order, of which $3.2m of components was conditional on customer funding. The 7 Sep 2026 results say that commitment is now secured, so the whole $9.4m is firm. About $18m lifetime value is expected, with further orders to 2030.
- Announced
- 11 Jun 2026 · Order secured; four-year delivery starting
- Latest
- 7 Sep 2026 · Order booked; drives H2 phasing
- Order
- $9.4m, now fully firm (confirmed 7 Sep 2026)
- Firm element
- $6.2m, approx. 400 PICs, delivered 2026 and 2027
- Component commitment
- $3.2m, short-term cancellation period, subject to customer funding in H2 2026
- Lifetime value
- Approximately $18m, further orders anticipated through to 2030
- Competition
- Only board evaluated; competing solutions could not meet performance and delivery timescales
- Earlier condition
- $3.2m component commitment depended on further customer funding in H2 2026; now secured
What comes next
PIC deliveries during 2026 and 2027; further orders to 2030.
From the company's own announcements. Not investment advice.
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