Strategy: Concurrent Technologies has shifted its focus towards defenceFor many years, Concurrent worked primarily with telecoms businesses. Lately, however, the firm has shifted its focus towards defence, which now accounts for around 70 per cent of revenues. A shift in the culture took root within months and today the company is firing on all cylinders. Rival contractors are often considerably larger than Concurrent and the firm would normally win one or two bids a year. While current economic conditions do not automatically lead to increased spending on defence, they certainly focus government minds – and that is likely to benefit Concurrent.

Source: Daily Mail February 04, 2024 08:22 UTC