The company won a multi-million-dollar 'contract' to build a new courthouse. = The company was awarded a multi-million-dollar 'contract' to build a new courthouse.
The company 'contracted out' its manufacturing jobs. [=the company paid another company to do its manufacturing jobs instead of doing them itself]
If he breaks the 'contract' [=if he does not abide by the agreement], he will get sued.
(..) - Good evening. - General. Good to see you. Our exoskeleton's got real firepower, General Slocum. Well, if it does what you say it can, I'll sign that contract tomorrow. - He's clear! Go! - I assume you're confident about this test. Absolutely, Captain Curtis is our top pilot. Now, what about (..)2002 Spider-Man
(..) Let me reschedule, with the proper medical staff and a volunteer. - If you just give me two weeks... - Two weeks? In two weeks? We'll have lost the contract to Quest and OSCORP will be dead. Sometimes you gotta do things yourself. - Get me the Promachloraperazine. - For what? (..)2002 Spider-Man