Concurrent Technologies Plc (LON:CNC) and Pennant International Group Plc (LON:PEN) are two AIM listed companies that generate a large proportion of their revenues from the defence sector. The Russia-Ukraine war has given a particular boost to defence stocks as the West continues to provide munitions, technology and training to Ukraine forces. There is also a much greater focus by governments on national security and strategic investment in defence capabilities.
Concurrent Technologies has recently reinforced its leadership in a particular area of the defence sector with the launch of a new product called Hermes and collaborates side-by-side with Intel as a Titanium partner. In 2022, Pennant International secured an £8.8 million contract, over three years, with Boeing Defence UK amongst a number of other key contracts and programmes. Pennant anticipates that it will continue to invest in its software products and technology-led software solutions during 2023 and expects the level of investment to be at a higher level than 2022.
DirectorsTalk explores both companies recent progress in the management interviews below.
Concurrent Technologies plc (LON:CNC) designs a range of high performance Intel® processor boards, switches, networking, storage and software products for use in embedded computing solutions.
Pennant International Group plc (LON:PEN) is a leading global provider of training technology and Integrated Product Support solutions. The Group operates worldwide, with offices in Europe, North America and Australia, providing solutions, services and support to the Defence, Aerospace and safety critical industries across the globe, offering a turn-key solution for any requirement.
