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Calian Technologies shares hit new 52 week high

Calian Technologies (T.CTY) shares hit a 52 week high of $3.14 this morning. The company announced yesterday that it's US subsidiary, Calian Technology (US) Ltd. has been awarded long-term contracts from the Royal Australian Air Force. The initial contracts cover services as well as operating and facilities costs for 5 years and have a base value in excess of $6 million and could reach over $8 million if all options are exercised.