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Concurrent Technologies Corporation Awarded $5.9 Million Contract to Provide Continued Engineering and Technical Support for the Carriage, Stream, Tow & Recovery System

JOHNSTOWN, Pa., May 29, 2015 (GLOBE NEWSWIRE) -- Concurrent Technologies Corporation (CTC) has been awarded delivery orders totaling $5.9 million from Naval Surface Warfare Center Panama City Division (NSWC PCD) to continue work on the Carriage, Stream, Tow & Recovery System (CSTRS) program. These cost plus fixed fee delivery orders are to provide engineering services in support of CSTRS to incorporate airborne countermeasures capabilities.

"We are honored to continue this long-standing relationship with the U.S. Navy and look forward to providing additional support on the CSTRS program," said Edward J. Sheehan, Jr., CTC President & Chief Executive Officer. "The work that we have accomplished since 1999 has vastly improved U.S. Navy airborne mine countermeasures capabilities and benefitted Warfighters in innumerable ways."

The CSTRS was originally designed because the U.S. Navy's Organic Airborne Mine Countermeasures (OAMCM) program was seeking a means to respond to mine threats in shallow waters. CTC has supported the CSTRS program through design, fabrication, testing, and integration. CSTRS provides the MH-60S helicopter with the widest, largest, minesweeping capability by making AMCM Systems deployable from U.S. Navy Littoral Combat Ships, allowing them to readily respond to mine threats.

"On the new contract, CTC will provide engineering and technical support to the existing CSTRS design," said Ed Peretin, CSTRS Program Manager. "As always, our goal is to provide the best possible product for the Navy sailors."

Concurrent Technologies Corporation (CTC) is an independent, nonprofit, applied scientific research and development professional services organization providing innovative management and technology-based solutions to government and industry. As a nonprofit 501(c)(3) organization, CTC's primary purpose and programs are to undertake applied scientific research and development activities that serve the public interest. CTC has been named one of the World's Most Ethical Companies by Ethisphere Institute, the global leader in defining and advancing the standards of ethical business practices. In addition, CTC has been named a Best for Vets Employer by Military Times. For more information about CTC, visit www.ctc.com.

This material is based upon work supported by the Naval Surface Warfare Center Panama City Division under Contract No. N61331-14-D-0010. Any opinions, findings and conclusions or recommendations expressed in this material are those of the author(s) and do not necessarily reflect the views of the Naval Surface Warfare Center Panama City Division.

CONTACT: Media Contact: Mary Bevan 814-269-2490 or bevanm@ctc.com



Source:Concurrent Technology Corp.