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Concurrent Technologies Corporation Awarded 3-Year, $11 Million Contract to Continue Support of the U.S. Navy Carriage, Stream, Tow, and Recovery Program

Concurrent Technologies Corporation

Concurrent Technologies Corporation (CTC) has been awarded an $11 million Indefinite Delivery, Indefinite Quantity (IDIQ) contract by the Naval Surface Warfare Center, Panama City, Florida, to provide technical and engineering services for continued Carriage, Stream, Tow, and Recovery System (CSTRS) development, test, and analysis. CSTRS was designed and fabricated by CTC and functions as the primary interface between the Navy's MH-60S helicopter and five different mine countermeasure sensor systems. CTC has served as the prime contractor on the U.S. Navy Organic Airborne Mine Countermeasures (OAMCM) CSTRS Program since 1999. Under the new contract, work will be performed at CTC's offices in Johnstown, Pennsylvania, and Panama City, Florida, and is expected to be completed by February 2012.

"This contract was awarded based on CTC's performance over the past 10 years," said CTC President & Chief Executive Officer, Edward J. Sheehan, Jr. "This speaks to CTC's high level of commitment to our client as well as the U.S. Navy's confidence in our work and accomplishments. We are proud of our strong record of performance on projects such as this, and CTC looks forward to continuing its relationship with each of the military services in the delivery of innovative, quality solutions that support U.S. warfighters, homeland defense, and the U.S. industrial base."

Sheehan noted that in January 2009 CTC announced a $10 million contract award by Orlando's Naval Air Warfare Center Training Systems Division to design, prototype, install, and test the Navy MH-60S Helicopter Aircrew Carriage Stream, Tow, and Recovery System Trainer (CSTRS-T).

12.03.09

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