Reliance Steel & Aluminum Co. Subsidiary AMI Metals, Inc. Awarded Five-Year Contract By BAE SYSTEMS

02 Feb, 2016, 06:50 ET from Reliance Steel & Aluminum Co.

LOS ANGELES, Feb. 2, 2016 /PRNewswire/ -- 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 BAE SYSTEMS to provide aluminum plate to support the requirements for the F-35 Joint Strike Fighter, Hawk, and Typhoon programs.  The five-year contract, with an estimated value of $100 million, runs January 1, 2017 through December 31, 2021, with the possibility of additional years.  The contract requirements include value-added, just-in-time, cut-to-size and cut to shape processing for use at BAE SYSTEMS and its subcontractor facilities. This follows an award by Lockheed Martin, in October 2015, to provide aluminum products and services for the F-35 program in a five-year contract valued at an estimated $300 million.

"After completing a detailed and extensive sourcing process we are pleased to confirm that AMI Metals has been selected as our strategic partner for aluminum plate.  We are looking forward to working with and developing a long-term relationship with AMI Metals, as we deliver our customers with world-class products," said Tony McMahon, Strategic Supplier Manager BAE SYSTEMS.

"We are proud that AMI Metals will be strategically supporting these programs and excited for future opportunities this may bring," said Gregg Mollins, Reliance's President and Chief Executive Officer.

Scott A. Smith, President of AMI Metals, Inc., said, "It is an honor to be selected by the team at BAE SYSTEMS for this critical role of service provision.  We are grateful for our relationship with BAE SYSTEMS and confident of our ability to support them going forward with the aluminum products and services needed for the manufacture of their current and future programs."

About Reliance Steel & Aluminum Co.

Reliance Steel & Aluminum Co., headquartered in Los Angeles, California, is the largest metals service center company in North America. Through a network of more than 300 locations in 39 states and twelve countries outside of the United States, the Company provides value-added metals processing services and distributes a full line of over 100,000 metal products to more than 125,000 customers in a broad range of industries. Reliance Steel & Aluminum Co.'s press releases and additional information are available on the Company's web site at www.rsac.com.

CONTACT:       Brenda Miyamoto Investor Relations (213) 576-2428 investor@rsac.com

or Addo Communications (310) 829-5400

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SOURCE Reliance Steel & Aluminum Co.



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