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FINWIRES

Calian Group Signs Over $200 Million in Q2 Canadian Defence Contracts

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-- Calian Group (CGY.TO) signed over $200 million in new, renewed and extended contracts to support the Canadian defence industry in the second quarter of fiscal year 2026, said the company on Tuesday.

"The contracts come as Canada crosses the two per cent GDP defence spending threshold and the Canadian Armed Forces (CAF) achieving its highest recruitment levels in over 30 years," added the company. "Demand for mission-critical solutions continues to grow across training, health services and operational support-driving new contract awards, extensions and program expansions."

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Automatic Data Processing Poised for Modest Beat in Fiscal Q3, RBC Says

Automatic Data Processing (ADP) is expected to post a modest beat, with the company reiterating its fiscal 2026 guidance, when it reports its fiscal Q3 results on Wednesday, RBC Capital Markets said in a research note.RBC is modeling fiscal Q3 total revenue growth of 5.6% year-on-year to $5.86 billion, compared with consensus of 5.4% growth to $5.85 billion. Quarterly earnings per share are expected to be $3.36, versus the consensus estimate of $3.29, RBC said in the preview emailed on Tuesday.Automatic Data Processing should continue to see tailwinds from broad-based strength in Employer Service bookings across international, US enterprise, and compliance businesses, RBC said.Pays per Control is expected to remain stable near 0% to 1%, slightly beating the flattish outlook, while retention should decline about 20 basis points, consistent with the mid-point of the company's fiscal 2026 guidance, according to RBC.RBC maintained its sector perform rating with a price target of $290 on Automatic Data Processing.Price: $200.12, Change: $+2.89, Percent Change: +1.47%

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Australia

Willdan Seen Well Positioned for Grid, Data-Center Demand, Wedbush Says

Willdan Group (WLDN) stands to benefit from accelerating grid-modernization spending and rising data-center demand, suggesting the recent pullback in the stock was excessive, Wedbush Securities said Tuesday in a report.The company is positioned to capture increased US infrastructure investment as policymakers prioritize grid capacity and reliability amid shortages in transformers and transmission equipment, the report said.Willdan's work in substations, switchgear and power-systems engineering is also expected to see stronger demand as AI-driven data-center buildouts expand, the report said. The company's 2025 acquisition of APG added deeper expertise in substation design and construction management, strengthening its commercial-sector capabilities, Wedbush said.Despite near-term pressure from the expiration of the 179D energy-efficiency tax incentive, Willdan's longer-term outlook remains supported by expectations for double-digit EBITDA growth and a strengthening pipeline of project demand, the report said.Wedbush maintained its outperform rating on Willdan stock with a price target of $145.Price: $70.48, Change: $+3.57, Percent Change: +5.33%

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UAE to Withdraw From OPEC; Rystad Energy Says Decision Leaves Cartel 'Structurally Weaker'

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