Australia's Adacel Technologies jumps most in 11 months on contract win
** Shares of Australia's Adacel Technologies ADA.AX rise as much as 27.3% to A$0.560, marking their biggest intraday pct gain since early-October 2023
** Stock hits its highest level since Aug 14, last up 18.2% at 0248 GMT
** Air traffic solutions provider says it remains awardee of Federal Aviation Administration (FAA) contract for tower simulation system support & technical refresh
** In October 2023, Adacel got the contract award from FAA after competitive bid process
** Following the award, protest was filed with the Office of Dispute Resolution for Acquisition (ODRA)
** In July, ODRA recommended FAA allow a bidder to resubmit certain elements of its proposal and that this new proposal be re-evaluated by FAA against ADA's original bid
** Contract valued $59 mln over five years
** Stock up 39.9% YTD, as of 0248 GMT
Reporting by Roshan Thomas in Bengaluru
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