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Calian Group up 4% on 15-Year British Army Training Agreement

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Calian Group (CGY.TO) up 4% on last look, on Tuesday said it secured a 15-year, C$296 million agreement to support the British Army's Collective Training Service (ACTS) program.

The agreement is with Raytheon UK, and is set to begin in October. It strengthens Calian's long-term position supporting allied military readiness across the UK and Europe, a statement said.

"We're proud to continue supporting the British Army through ACTS alongside Raytheon UK and our Omnia Training partners. This agreement reflects the trust our allies place in Calian's expertise and strengthens our position as a leading provider of collective training and simulation solutions that respond effectively to real-world conditions," Chris Pogue, Calian's President, Defence and Space, said in a release.

Calian shares were last seen up C$3.36, or 4.1%, to C$84.63 on the Toronto Stock Exchange.

Price: $84.63, Change: $+3.36, Percent Change: +4.13%

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