Reliance Secures $2.24B U.S. Government Contracts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 18 hours ago
0mins
Reliance (RS) announced that its wholly-owned subsidiary, AMI Metals, has been awarded two significant contracts for United States government infrastructure and defense projects, reinforcing the company's position as a trusted partner in the aerospace and defense market. AMI was awarded a multi-year contract by the United States DHS to provide steel and steel logistics support services for the construction of the border wall for a total maximum estimated value of up to $2.24B. The contract runs from February 11, 2026 through December 31, 2028. Under the agreement, AMI will manage procurement, transportation, warehousing, and distribution of steel bollards and steel plates to support construction along the Southwest U.S. border. Steel deliveries are expected to begin in the second quarter of 2026. The financial outlook for the first quarter of 2026 provided by Reliance management on February 18, 2026 remains unchanged and does not include the benefits of this award. Additional financial details will be provided during Reliance's first quarter 2026 earnings call on April 23, 2026. Additionally, AMI was awarded a five-year contract, including option years, to process aluminum plate for multiple Lockheed Martin (LMT) platforms, including the F-35 LightningII program. The indefinite delivery/indefinite quantity agreement has a maximum estimated value of $654 million extending from January 1, 2027 through December 31, 2028 with a maximum of three one-year extensions, and includes value-added, just-in-time, cut-to-size and cut-to-shape processing of aluminum plate for many of Lockheed Martin's facilities, partners, and subcontractors.
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Analyst Views on RS
Wall Street analysts forecast RS stock price to rise
6 Analyst Rating
3 Buy
3 Hold
0 Sell
Moderate Buy
Current: 302.580
Low
284.00
Averages
314.50
High
340.00
Current: 302.580
Low
284.00
Averages
314.50
High
340.00
About RS
Reliance, Inc. is a global-diversified metal solutions provider and the metals service center company in North America. The Company provides value-added metals processing services and distributes a full line of over 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and other specialty steel products. It focuses on small orders with quick turnaround and value-added processing services. The Company services more than 125,000 customers in a variety of industries, including consumer products, general manufacturing, non-residential construction (including infrastructure and renewable energy), transportation (rail, truck trailer and shipbuilding), aerospace (commercial, military, defense and space), energy (oil and natural gas), electronics and semiconductor fabrication, industrial machinery and heavy industry (agricultural, construction and mining equipment). It also services the auto industry, through its toll processing operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Reliance Subsidiary Secures Major Contracts
- Significant Contract Value: Reliance's wholly owned subsidiary AMI Metals has secured a contract from the U.S. Department of Homeland Security worth up to $2.24 billion to supply steel and logistics for the Southwest border wall construction from February 2026 to December 2028, with deliveries commencing in Q2 2026, significantly enhancing the company's market position in the infrastructure sector.
- Defense Project Collaboration: AMI Metals was also awarded a Lockheed Martin IDIQ contract valued at up to $654 million to process aluminum plates for various programs, including the F-35, with a contract period from January 2027 to December 2028 and options for up to three one-year extensions, further solidifying the company's influence in the defense industry.
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- Dividend Increase: Reliance has raised its dividend by 4.2% to $1.25 per share, reflecting confidence in future cash flows while providing investors with a more attractive return, thereby enhancing market confidence in its stock.
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- Upgrades and Downgrades: While specific upgrades and downgrades are not detailed, the overall rating changes may lead to short-term volatility in the affected stocks, prompting investors to stay alert.
- Market Reaction Expectations: Analyst rating adjustments typically trigger immediate market reactions, and investors should consider the potential impact of these changes on stock prices to make more informed investment choices.
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Reliance Subsidiary Secures Major Contracts
- Significant Contract Value: Reliance's wholly owned subsidiary AMI Metals has secured a contract from the U.S. Department of Homeland Security worth up to $2.24 billion to supply steel and logistics for the Southwest border wall construction from February 2026 to December 2028, with deliveries commencing in Q2 2026, significantly enhancing the company's market position in the infrastructure sector.
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- Optimistic Earnings Outlook: Reliance anticipates a 19% to 25% growth in EPS for Q1 2026, driven by expanded market share and a capital expenditure plan of $300 million to $325 million, indicating strong future profitability and growth potential for the company.
- Dividend Increase: Reliance has raised its dividend by 4.2% to $1.25 per share, reflecting confidence in future cash flows while providing investors with a more attractive return, thereby enhancing market confidence in its stock.
See More
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Sources of Information: The information regarding India's oil purchases comes from two separate sources, highlighting the ongoing trade dynamics between India and Russia.
See More
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- FLUT Earnings Awaited: Flutter Entertainment plc (NYSE:FLUT) decreased by 11.86% this week as the company announced it will release its fourth quarter and full year 2025 financial results after market close on February 26, leading investors to adopt a cautious stance ahead of the earnings report, which may impact stock performance.
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- Investment Recommendation Analysis: While specific stock recommendations are not detailed in this article, changes in analyst ratings typically influence investor decisions, potentially leading to price fluctuations in the affected stocks.
- Market Reaction Expectations: The adjustments made by analysts may draw market attention to the related stocks, prompting investors to closely monitor these changes to seize investment opportunities.
- Source Information Note: This report is provided by Benzinga, highlighting the significance of analyst rating changes and suggesting investors visit the analyst ratings page for a more comprehensive view.
See More
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- Upgrades and Downgrades: While specific upgrades and downgrades are not detailed, the overall rating changes may lead to short-term volatility in the affected stocks, prompting investors to stay alert.
- Market Reaction Expectations: Analyst rating adjustments typically trigger immediate market reactions, and investors should consider the potential impact of these changes on stock prices to make more informed investment choices.
- Information Access Channels: Investors can visit the analyst ratings page to obtain a comprehensive view of rating changes, thereby enhancing their understanding of market trends and individual stock performance.
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See More
