11:42 AM EST, 02/06/2025 (MT Newswires) -- (Updates shares.)

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," chief executive Kevin Ford said. "As we look ahead, Calian recognizes our militaries need trusted, dependable partners to deliver mission-critical solutions."

Calian shares were last seen up $1.22 to $49.51 on the Toronto Stock Exchange.

Price: 49.51, Change: +1.22, Percent Change: +2.53