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.
(..) - Please, no, no. - Self juicing. Filth! Oh, my God... Zoey... We must get that contract back. We can't! It's impossible. We can't compete with Green World. We will see about that. But from now on, (..)2012 The Dictator
(..) - No. - She taught me. Oh, she taught you, did she? - No... - Well, thank you very much. The contract is canceled. - That's it! - No. No, I'm going to Green World. It's over. - No, Mr. Ogden. (..)2012 The Dictator