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RS Unit Clinches Multi-Billion U.S. Infrastructure, Defense Deals
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Key Takeaways
Reliance unit AMI Metals secured U.S. contracts worth up to $2.89B for border and defense programs.
RS unit AMI won a DHS deal up to $2.24B to supply steel and logistics for Southwest border construction.
RS' AMI won a $654M IDIQ contract to process aluminum plates for Lockheed Martin programs.
Reliance, Inc.’s (RS - Free Report) fully-owned subsidiary, AMI Metals, has secured two significant contracts tied to the U.S. government infrastructure and defense programs, with a combined potential value of up to around $2.89 billion.
The first contract is a multi-year agreement with the U.S. Department of Homeland Security valued at up to $2.24 billion, under which AMI will provide steel and logistics support services for construction activities along the Southwest U.S. border. It includes procurement, transportation, warehousing and distribution of steel bollards and steel plates.
The contract runs from Feb. 11, 2026, through Dec. 31, 2028, with steel deliveries expected to begin in the second quarter of 2026.
AMI was also awarded a five-year indefinite-delivery/indefinite-quantity (IDIQ) contract worth up to $654 million to process aluminum plates for several Lockheed Martin defense programs, including the F-35 Lightning II program.
This agreement covers value-added processing such as just-in-time supply, cut-to-size and cut-to-shape aluminum plate for Lockheed Martin facilities, partners and subcontractors, with the base term running from Jan. 1, 2027, through Dec. 31, 2028.
The awards strengthen Reliance’s role in the aerospace and defense supply chain and expand AMI’s backlog across steel and aluminum programs.
Shares of RS are up 10.5% over the past year compared with the industry’s 52.4% rise.
The Zacks Consensus Estimate for IMPUY’s current fiscal-year earnings is pegged at $2.12 per share, indicating a 4,140% year-over-year increase. Shares of IMPUY have jumped 169.2% over the past year.
The Zacks Consensus Estimate for BHP’s current fiscal-year earnings stands at $4.93 per share, implying a 35.44% year-over-year increase. Shares of BHP have gained 50.8% over the past year.
The Zacks Consensus Estimate for DNN’s current fiscal-year loss is pegged at 15 cents per share, indicating a 114.3% year-over-year decrease. Its earnings beat the Zacks Consensus Estimates in two of the trailing four quarters, with the average earnings surprise being 13%.
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RS Unit Clinches Multi-Billion U.S. Infrastructure, Defense Deals
Key Takeaways
Reliance, Inc.’s (RS - Free Report) fully-owned subsidiary, AMI Metals, has secured two significant contracts tied to the U.S. government infrastructure and defense programs, with a combined potential value of up to around $2.89 billion.
The first contract is a multi-year agreement with the U.S. Department of Homeland Security valued at up to $2.24 billion, under which AMI will provide steel and logistics support services for construction activities along the Southwest U.S. border. It includes procurement, transportation, warehousing and distribution of steel bollards and steel plates.
The contract runs from Feb. 11, 2026, through Dec. 31, 2028, with steel deliveries expected to begin in the second quarter of 2026.
AMI was also awarded a five-year indefinite-delivery/indefinite-quantity (IDIQ) contract worth up to $654 million to process aluminum plates for several Lockheed Martin defense programs, including the F-35 Lightning II program.
This agreement covers value-added processing such as just-in-time supply, cut-to-size and cut-to-shape aluminum plate for Lockheed Martin facilities, partners and subcontractors, with the base term running from Jan. 1, 2027, through Dec. 31, 2028.
The awards strengthen Reliance’s role in the aerospace and defense supply chain and expand AMI’s backlog across steel and aluminum programs.
Shares of RS are up 10.5% over the past year compared with the industry’s 52.4% rise.
RS’ Zacks Rank & Key Picks
RS currently carries a Zacks Rank of #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Impala Platinum Holdings Limited (IMPUY - Free Report) , BHP Group Limited (BHP - Free Report) and Denison Mine Corp. (DNN - Free Report) . IMPUY, BHP and DNN sport a Zacks Rank of #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for IMPUY’s current fiscal-year earnings is pegged at $2.12 per share, indicating a 4,140% year-over-year increase. Shares of IMPUY have jumped 169.2% over the past year.
The Zacks Consensus Estimate for BHP’s current fiscal-year earnings stands at $4.93 per share, implying a 35.44% year-over-year increase. Shares of BHP have gained 50.8% over the past year.
The Zacks Consensus Estimate for DNN’s current fiscal-year loss is pegged at 15 cents per share, indicating a 114.3% year-over-year decrease. Its earnings beat the Zacks Consensus Estimates in two of the trailing four quarters, with the average earnings surprise being 13%.