08:14 AM EST, 02/06/2025 (MT Newswires) -- Calian Group ( CLNFF ) said Thursday that it signed over $50 million in new and renewed multi-year defense contracts in its fiscal first quarter.

Of the almost 30 contracts, half will provide operational readiness training, including one for NATO's Joint Warfare Centre, Calian said.

Under the terms, Calian will serve as the prime contractor, providing the majority of JWC's critical defense training in the form of military and civilian subject matter experts.

Calian said this support will include helping ensure forces can work together efficiently in a crisis and increasing the effectiveness and readiness of NATO's multinational forces.

"The surge in global defense budgets underscores the demands of modern warfare and continued geopolitical instability," CEO Kevin Ford said. "As we look ahead, Calian recognizes our militaries need trusted, dependable partners to deliver mission-critical solutions."

"With capabilities that support personnel readiness, equipment reliability and secure, scalable operations, our goal is to ensure military forces are operation-ready so they can perform optimally in the most demanding, high-stakes environments," Ford added.

Calian's share price dropped 1.9% on Wednesday to $48.29 on the TSX.