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Calian scores $23 million Canadian Armed Forces contract

Defence, Health Care, Market News
TSX:CGY
25 April 2024 10:51 (EDT)

(Source: Calian Group.)

Calian Group Ltd. (TSX:CGY) has been awarded a C$17 million contract by the Canadian Armed Forces’ Canadian Forces Health Services Group.

The three-year contract has an option to extend for a fourth year, potentially increasing the total value to C$23 million, this contract can exacerbate Calian’s work to leveraging its military training and simulation expertise alongside its advanced medical capabilities to offer mission critical support to the Armed Forces.

Calian will deliver comprehensive administrative, instructional and courseware development solutions to enhance Armed Forces training initiatives across Canada, including support for the Royal Canadian Dental Corps and Canadian Forces Medical Services. Work will bolster critical training programs at military bases across the country to include environmental medicine development, engineering and evaluation of human performance and protective systems, combat medical simulation, and operational medicine and dental practices. Calian’s work will enable an increase in training throughput with the introduction of e-learning, allowing the Canadian Armed Forces to meet operational readiness goals more efficiently.

For more than 25 years, Calian has worked to deliver sophisticated military training and simulation solutions to the Canadian Armed Forces. The expertise of Calian’s training division in developing e-learning and distance learning platforms can complement its health services’ capabilities in medical training, resulting in a solution that supports the Canadian Armed Forces objectives to elevate operational readiness.

“This contract signifies a milestone achievement, combining Calian’s longstanding expertise in both military training and healthcare services to fulfill critical training needs,” Calian’s CEO Kevin Ford said in a news release. “Our ability to integrate these domains seamlessly has been instrumental in securing this opportunity with the Canadian Armed Forces.”

“A tailored approach to training is crucial – which means connecting the right expertise with specific needs to ensure high efficacy in all situations,” Jay Ballard, Calian’s VP, defence learning, said. “Our comprehensive understanding of the Canadian Armed Forces’ operational requirements, paired with our dual capabilities in health and training solutions, enables us to craft customized training solutions that precisely address the needs of each training program.”

Calian Group Ltd. provides healthcare, communications, learning and cybersecurity products and services.

Calian Group Ltd. (TSX:CGY) opened trading at C$55.11 per share.

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