Calian Signs over $50M in Defence Contracts in Q1

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Results highlight surging demand for strengthened global security and operational readinessOTTAWA, Ontario, Feb.06, 2025 (GLOBE NEWSWIRE) -- Calian Group Ltd.(TSX: CGY), announced today that it signed over $50 million in new and renewed multi-year defence contracts in the first quarter of fiscal year 2025 highlighting the continued need for mission-critical defence solutions and the value Calian provides to Canada’s defence, NATO and our allies.   Of the almost 30 contracts, half will provide operational readiness training, including one for NATO’s Joint Warfare Centre (JWC).

Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including currency exchange rate fluctuations; and the impact of consolidations in the business services industry.

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.” With over 40 years of experience, Calian delivers defence readiness solutions supporting national and international security.

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Article Details

Author / Journalist: Calian Group Ltd.

Category: Technology

Markets: ChinaCanada

Topics: CA12989J1084 TSX:CGY

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-06 @ 12:22:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 606 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © GlobeNewswire

News ID: 25926163

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