Reliance Steel & Aluminum Subsidiary AMI Metals Awarded Multi-Year Contract By LM To Provide Aluminum Flat Rolled Material For F-35 JSF Program

Reliance Steel & Aluminum Co. (NYSE: RS ) announced today that its subsidiary, AMI Metals, Inc., headquartered in Brentwood, Tennessee , has been awarded a multi-year contract by Lockheed Martin to provide aluminum flat rolled material for the F-35 Joint Strike Fighter. The five year contract, with an estimated value of $300 million , runs January 1, 2017 through December 31, 2021 . The contract requirements include value-added, just-in-time, cut-to-size and cut-to-shape processing of aluminum plate for use by multiple Lockheed Martin, Lockheed Martin Aeronautics Teammates and subcontractor facilities for all F-35 aluminum flat rolled requirements.

"We are very excited and proud that AMI Metals' experience and expertise in value-added aluminum supply will strategically support the F-35 Joint Strike Fighter program," said Gregg Mollins , Reliance's President and Chief Executive Officer.

Scott A. Smith , President of AMI Metals, Inc., said, "We are proud of our long-term relationship with Lockheed Martin and of our ability to assist them going forward with the aluminum products and services needed for the manufacture of the F-35 Joint Strike Fighter military aircraft. AMI Metals and Lockheed Martin have worked together for the past 30 years on numerous programs that have resulted in on-time delivery of high quality products. We look forward to continuing to support Lockheed Martin and the full supply chain behind the F-35."

Source: Reliance Steel & Aluminum Co.
Date: Oct 19, 2015