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Enterprise Ventures Corporation Awarded $12.5 Million Contract to Build U.S. Navy Carriage, Stream, Tow, and Recovery System (CSTRS) for MH-60S Helicopter

JOHNSTOWN, Pa. May 24, 2012 $12.5 million $31,969,022

Edward J. Sheehan, Jr.

Sheehan says, "This is the culmination of 12 years of design and development work by CTC.  As CTC’s for-profit affiliate, EVC is able to take the CSTRS project to production.  We anticipate adding about 10 jobs over the course of the contract."

David A. Schario

"The CSTRS contract is clearly a milestone for EVC.  We are excited to have the opportunity to produce innovative technologies designed by CTC," Schario says.

Ed Peretin

"Work will begin within a week," Peretin says.  "We will procure materials and then commence production in about four months.  EVC will employ both skilled labor and professional staff to support the manufacturing process."

www.ctc.com

www.evc.ctc.com

SOURCE Concurrent Technologies Corporation

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