Rio Tinto gets up to $995M defense logistics deal: Details inside

source: news (news:seeking-alpha)published 2026-09-25 21:40ingested 2026-09-26 02:49

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Rio Tinto gets up to $995M defense logistics deal: Details inside

Sep 25, 2026, 5:40 PM ETRio Tinto Group (RIO) Stock, RTPPF Stock, RTNTF StockBy : Sara Sethiya, SA News Editor

Rio Tinto Group (RIO)'s unit, Rio Tinto Logistics, won a maximum $995M IDIQ contract on Friday for high-purity aluminum.

The five-year contract has no option periods and runs through May 7, 2031.

The contract is funded with fiscal 2025–2029 transaction funds

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