Lifetime distributions for multicomponent systems are developed through the interplay of ageing and stress shocks to the system. The ageing process is explicitly modeled by an exponential function with rate affected by the magnitude of stresses from a compound Poisson process shock model. Applications of these life distributions and associated failure rates towards the study of multicomponent system survival are discussed. In particular, we illustrate the behavior of these survival functions in relevant subsets of the parameter space.