Metallus Receives $995M, Five-Year U.S. Defense Logistics Agency Order For Steel Supply

Metallus (NYSE: MTUS) has been awarded a five-year Indefinite Delivery/Indefinite Quantity (IDIQ) contract by the U.S. Defense Logistics Agency (DLA) to supply steel for defense applications, with a maximum value of $995 million. The contract allows the DLA to issue delivery orders during the contract term, but the ceiling amount does not guarantee that the full amount will be purchased.