Concurrent Technologies Corporation (CTC) is an independent, nonprofit, applied scientific research and development professional services organization. Established in 1987, CTC collaborates with its technology transition affiliate, Enterprise Ventures Corporation (EVC), to provide transformative, full lifecycle solutions through research, development, testing, and evaluation. The company's mission is to deliver robust, technical, and innovative solutions that safeguard national security, retain U.S. technological advantage, and ensure the primacy of American manufacturing.
Key Strategic Focus
CTC specializes in several core areas:
- Engineering and Advanced Manufacturing: Developing and implementing cutting-edge manufacturing technologies.
- Information Technology: Providing secure and efficient IT solutions.
- Readiness Solutions: Enhancing operational preparedness for defense and other sectors.
- Energy, Resilience & Sustainability: Promoting energy efficiency and sustainable practices.
The company targets markets that require high-level security and technological innovation, primarily serving government agencies and defense contractors.
Financials and Funding
As of December 2024, CTC's annual revenue reached $75 million. The company operates as a nonprofit organization, focusing on reinvesting its earnings into research and development to further its mission.
Pipeline Development
CTC, in collaboration with EVC, has developed several notable technologies:
- Carriage, Stream, Tow, and Recovery System (CSTRS): A launch and handling system used by the Navy for mine threat response in shallow waters.
- Advanced Guard for Information Security (AGIS): A system that securely inspects, sanitizes, and transfers common-use files safely between networks.
- Breakthrough Coating Technology: Innovative coatings used within the Department of Defense.
These technologies have transitioned from research and development initiatives to active deployment, demonstrating CTC's capability to deliver practical solutions.
Technological Platform and Innovation
CTC's technological platforms are distinguished by:
- Proprietary Technologies: Development of unique systems like CSTRS and AGIS.
- Scientific Methodologies: Utilization of advanced manufacturing processes and secure information transfer protocols.
- AI-Driven Capabilities: Integration of artificial intelligence in various solutions to enhance efficiency and effectiveness.
These innovations set CTC apart in the defense and technology sectors.
Leadership Team
CTC's leadership comprises experienced professionals:
- Edward J. Sheehan, Jr.: President and CEO, leading the company's strategic direction and operations.
- Retired Rear Admiral CJ Jaynes: Board Member, bringing extensive military and corporate experience to the organization.
Their combined expertise drives CTC's mission and growth.
Leadership Changes
In October 2024, Retired Rear Admiral CJ Jaynes joined CTC's Board of Directors, succeeding Dale M. Mosier, who rotated off the board after meeting term limits. Additionally, Gary C. Slack became the new Board Vice Chair.
Competitor Profile
CTC operates in the defense and space manufacturing industry, a sector characterized by significant government contracts and a focus on national security. Key competitors include:
- Booz Allen Hamilton: A management and technology consulting firm.
- CACI International: Provides information solutions and services.
- Northrop Grumman: Aerospace and defense technology company.
- SAIC: Offers government services and information technology support.
- L3Harris: Specializes in defense technology solutions.
These companies focus on various aspects of defense and technology services, contributing to a competitive landscape.
Strategic Collaborations and Partnerships
CTC is a member of several industry and community organizations, including:
- National Defense Industrial Association (NDIA): Fostering collaboration between government and industry.
- National Center for Manufacturing Sciences (NCMS): Advancing manufacturing technologies.
- United States Geospatial Intelligence Foundation (USGIF): Promoting geospatial intelligence.
These memberships enhance CTC's market position and innovation capacity.
Operational Insights
CTC's strategic considerations include:
- Market Position: Leveraging its nonprofit status to focus on mission-driven projects.
- Competitive Advantages: Offering full lifecycle solutions from design to build, and maintaining high-security facilities.
These factors distinguish CTC in the defense and technology sectors.
Strategic Opportunities and Future Directions
CTC's strategic roadmap includes:
- Expansion of Technological Capabilities: Investing in emerging technologies to meet evolving defense needs.
- Strengthening Partnerships: Enhancing collaborations with government agencies and industry partners.
- Workforce Development: Continuing to attract and retain top talent to drive innovation.
These initiatives position CTC to achieve its future objectives effectively.
