Konami Teases Contra Reboot

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Konami finished its pre-E3 briefing with a short hint that Contra would be getting a reboot on current consoles. A short trailer showed a fireball crisscrossing the screen before settling into the series' familiar blazing-C logo (pictured).



Isn't ever Contra game a reboot?

Seriously, is there some sort of continuity between these games I'm not aware of?