Samsung Electronics Posts Eightfold Profit Surge Driven by AI Chip Demand 
Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles 
Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses 
NIO ES9 SUV Launch Sends HK Shares Down 7% Despite Bold Pricing Strategy 
Bill Ackman Eyes New Fund to Bet Against Market Complacency 
Tokyo Electric Power Attracts Major Investors Amid Billion-Dollar Restructuring Push 
Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028 
TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
Ford Issues Major Recall on Over 422,000 Vehicles Due to Windshield Wiper Defect 
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes 
BHP's Incoming CEO Visits China Amid Pricing Dispute with CMRG 
Deere & Company Agrees to $99 Million Settlement Over Right-to-Repair Dispute 
Disney Plans to Cut 1,000 Jobs Amid Ongoing Restructuring Efforts 
Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs 
FedEx Pilots and Union Reach Tentative Agreement on 40% Pay Increase 
Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth 
Concurrent Technologies Corporation (CTC) has been awarded a contract from ArgonST, a wholly owned subsidiary of The Boeing Company, to construct the internal component of antenna masts for Navy Surface Ships. This contract is the sixth that CTC has won to manufacture these components.
|
|||
“We look forward to continued collaboration with ArgonST,” said Edward J. Sheehan, Jr., President and Chief Executive Officer, CTC. “Our skilled team takes great pride in their work; it’s very gratifying when a client returns to us for additional support.”
About a dozen CTC employees will contribute to the work on this contract. Most of the work will be done at CTC in its Johnstown Environmental Technology Facility, but some tasks have been subcontracted to regional vendors in Johnstown, Altoona, Blairsville, and Mundy’s Corner, Pennsylvania.
“CTC’s work on this contract is aluminum welding and assembly,” said Bruce Williams, Director, Custom Fabrication, CTC. “The work is challenging, but our employees have extensive experience and expertise. We’ve produced about 40 of these masts for ArgonST so far. In this contract, we’ll manufacture five additional weldments.”
In addition to the hands-on manufacturing work, CTC will provide documentation on part inspection, certifications, coatings, and non-destructive evaluation.
Concurrent Technologies Corporation (CTC) is an independent, nonprofit, applied scientific research and development professional services organization. Together with our affiliates, Enterprise Ventures Corporation and CTC Foundation, we leverage research, development, test and evaluation work to provide transformative, full lifecycle solutions. To best serve our clients’ needs, we offer the complete ability to fully design, develop, test, prototype and build. We support our clients’ core mission objectives with customized solutions and strive to exceed expectations. For more information about CTC, visit www.ctc.com.
Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/aaec2d5e-8d1b-4099-bf84-a6d02c164eab
Mary Bevan Concurrent Technologies Corporation 814-269-2490 [email protected]
