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Reliance, Inc. Subsidiary AMI Metals, Inc. Awarded Significant Government Infrastructure and Defense Projects
Globenewswire· 2026-03-10 10:50
Core Insights - Reliance, Inc. announced that its subsidiary AMI Metals, Inc. has secured two significant contracts for U.S. government infrastructure and defense projects, enhancing the company's position in the aerospace and defense market [1][2] Group 1: Contract Details - AMI was awarded a multi-year contract with the U.S. Department of Homeland Security for up to $2.24 billion to provide steel and logistics support services for border wall construction, running from February 11, 2026, to December 31, 2028 [5] - The contract includes managing procurement, transportation, warehousing, and distribution of steel bollards and plates, with deliveries expected to start in Q2 2026 [5] - Additionally, AMI received a five-year IDIQ contract valued at up to $654 million to supply aluminum plate for multiple Lockheed Martin defense platforms, including the F-35 program, extending from January 1, 2027, to December 31, 2028 [5] Group 2: Company Overview - Reliance, Inc. is a leading global diversified metal solutions provider and the largest metals service center company in North America, operating approximately 310 locations across 41 states and 10 countries [3] - The company distributes over 100,000 metal products to more than 125,000 customers, focusing on small orders with quick turnaround and value-added processing services [3] - In 2025, Reliance's average order size was $3,120, with about 49% of orders including value-added processing and approximately 40% delivered within 24 hours [3]