Ami Metals, a division of Reliance Steel & Aluminum Co, recently signed a five-year Indefinite Delivery Indefinite Quantity (IDIQ) aluminum plate supply agreement with global military giant Lockheed Martin, with a total contract value of up to 654 millions USD.

The agreement further consolidates Reliance's strategic position in the supply chain of advanced materials for the aerospace and defense sectors. According to the contract terms, Ami Metals will provide Lockheed Martin with specialized aluminum plate materials for several of its cutting-edge aerospace equipment, including key components required for the latest generation of fighter jets and missile systems. Such long-term cooperation not only demonstrates Reliance's technological strength in the field of specialty metal materials, but also signals the continued demand for high-quality raw materials in the military-industrial supply chain. It is worth noting that the IDIQ contract model combines both flexibility and stability, ensuring the purchaser's ability to place orders as needed during the contract period, while also providing the supplier with predictable business growth opportunities. This multi-billion dollar order will inject strong momentum into Reliance's revenue over the next five years, while strengthening its strategic ties with America's top defense contractors.