RS Unit Clinches Multi-Billion U.S. Infrastructure, Defense Deals

Core Insights - Reliance, Inc.'s subsidiary AMI Metals has secured contracts with a total potential value of approximately $2.89 billion related to U.S. government infrastructure and defense programs [1] Group 1: Contract Details - The first contract is a multi-year agreement with the U.S. Department of Homeland Security valued at up to $2.24 billion, focusing on steel and logistics support for construction activities along the Southwest U.S. border, running from February 11, 2026, to December 31, 2028 [2] - The second contract is a five-year indefinite-delivery/indefinite-quantity (IDIQ) contract worth up to $654 million for processing aluminum plates for Lockheed Martin defense programs, including the F-35 Lightning II program, with a base term from January 1, 2027, to December 31, 2028 [3] Group 2: Strategic Implications - These contract awards enhance Reliance's position in the aerospace and defense supply chain and increase AMI's backlog in steel and aluminum programs [4] - Shares of Reliance, Inc. have increased by 10.5% over the past year, in contrast to the industry's 52.4% rise [4]