U.S. Navy Awards Concurrent Technologies Corporation $21 Million, 3-Year Contract

JOHNSTOWN, Pa., July 8 /PRNewswire/ -- Concurrent Technologies Corporation (CTC) has been awarded a $7.3 million cost-plus-fixed-fee, Indefinite Delivery/Indefinite Quantity (IDIQ) single award service contract to conduct professional, business, and project-management services in support of Commander, Naval Installations Command and Commander, Navy Region Northwest. This contract includes a base year and two one-year option periods that, if exercised, bring the total estimated value of the contract to $21 million. This contract was competitively procured through Navy Electronic Commerce Online and was awarded by the Fleet and Industrial Supply Center Puget Sound.

"Work for this contract will be performed at CTC's office in Bremerton, Washington," said Edward J. Sheehan, Jr., CTC's President & Chief Executive Officer, "This office has a long history of support rated 'excellent' by the U.S. Navy, and we are looking forward to continued outstanding service over the total three-year period of performance under this new contract. We are confident in our ability to develop and implement transformational methodologies to improve shore installation management for the U.S. Navy."

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. For more information, visit www.ctc.com.

SOURCE Concurrent Technologies Corporation