Metallus Secures $995M U.S. Defense Logistics Agency Contract

Key Facts

1Metallus was awarded an IDIQ contract by the U.S. Defense Logistics Agency to supply steel for critical defense applications with a maximum value of $995 million.

2The company received an initial delivery order of $125 million as part of the newly awarded contract.

Metallus was awarded an IDIQ contract by the U.S. Defense Logistics Agency to supply steel for critical defense applications with a maximum value of $995 million. PR Newswire reported that the company received an initial delivery order of $125 million as part of the newly awarded agreement for specialty steel and manufactured components.

MTUS closed at $18.97 on September 28, 2026, with the stock reaching a session high of $19.62 and a low of $18.55. The contract reinforces the company's position within the specialty metals sector for government and defense procurement.