CTC named subcontractor for Navy project

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January 17, 2008

BY SHAWN PIATEK The Tribune-Democrat Thu Jan 17, 2008, 11:25 PM EST

Concurrent Technologies Corp. announced Thursday that it has been selected as the principal subcontractor on a multimillion-dollar, multi-year project.

The Richland Township-based company is part of a team-awarded contract to apply laser-welded metallic sandwich panels to the DDG 1000 class of guided-missile destroyer ships.

The sandwich panels are stiff, lightweight structures that offer the Navy corrosion resistance, reduced weight and less distortion.

CTC was awarded the subcontract by Applied Thermal Sciences Inc. of Sanford, Maine, which won the contract from General Dynamics Bath and Iron Works.

“The ATS/CTC team won an open, competitive bid initiated by a private company and fulfilled a significant need for the customer,” said Dan DeVos, chief executive officer of CTC.

The majority of CTC’s responsibilities through the deal will be performed at its local facility. According to the company, three positions have been added in direct support of the deal and several new hires may result in the future.

CTC said it was not at liberty to disclose the exact dollar amount of the contract.

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