IperionX Limited announced on June 5, 2025, that it was awarded a Small Business Innovation Research (SBIR) Phase III contract by the U.S. Department of Defense. This contract is structured as an Indefinite Delivery, Indefinite Quantity agreement, supporting 'Low-Cost Domestic Titanium for Defense Applications' in the U.S.
The contract establishes a funding mechanism through which qualifying U.S. Government agencies can place project-specific task orders, collectively capped at US$99 million, for the supply of IperionX titanium components and parts. Phase III is reserved for commercialization activities, allowing Federal agencies to procure proven SBIR-funded technologies without further competition.
Initial titanium manufacturing and supply projects, expected to commence in the coming months, will include titanium fasteners produced using IperionX’s patented titanium production and advanced forging technologies. These parts will be manufactured at IperionX’s Titanium Manufacturing Campus in Virginia, strengthening the U.S. defense industrial base.
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