IperionX Lands $99M U.S. Defense Contract to Boost Domestic Titanium Supply
IperionX has secured a significant U.S. Department of Defense contract worth up to US$99 million to supply low-cost, high-performance titanium components, marking a major step in reshoring critical materials manufacturing.
- Awarded SBIR Phase III contract with US$99 million ceiling
- Focus on manufacturing titanium fasteners for U.S. defense agencies
- Contract supports transition from R&D to scaled production
- Manufacturing to occur at Virginia Titanium Campus, supporting local jobs
- Aligns with U.S. government’s strategic push for domestic critical materials
A Strategic Win for Domestic Titanium Production
IperionX Limited, a leader in titanium metal and critical materials, has been awarded a Small Business Innovation Research (SBIR) Phase III contract by the U.S. Department of Defense (DoD). Valued at up to US$99 million, this Indefinite Delivery, Indefinite Quantity (IDIQ) contract marks a pivotal moment for the company as it moves from research and development into commercial-scale production.
The contract enables qualifying U.S. government agencies to place task orders for titanium components, with initial projects focusing on high-performance titanium fasteners. These parts will be manufactured at IperionX’s Titanium Manufacturing Campus in Virginia, a facility that not only leverages the company’s patented titanium production and forging technologies but also supports skilled local employment.
Meeting U.S. Defense and Supply Chain Priorities
This contract aligns closely with the U.S. government’s broader strategy to strengthen domestic manufacturing of critical materials. Titanium is essential for aerospace, defense, and other advanced industries, and reshoring its production reduces reliance on international supply chains; a key concern for national security.
By securing this Phase III SBIR contract, IperionX demonstrates its readiness to deliver mission-critical titanium components that are lighter, stronger, and more cost-effective. The company’s patented technologies promise lower energy use and carbon emissions, positioning it as a sustainable supplier in a sector increasingly focused on environmental impact.
Looking Ahead – Growth and Commercialization
While the contract’s ceiling is set at US$99 million over five years, actual revenue will depend on task orders issued by DoD agencies. The initial focus on fasteners could expand to include higher-value aerospace components, broadening IperionX’s footprint in the defense supply chain.
CEO Anastasios (Taso) Arima emphasized the milestone nature of this award, highlighting the company’s role in reshoring an all-American titanium supply chain. As IperionX transitions from innovation to scaled production, the contract could serve as a catalyst for further growth and partnerships within the U.S. defense industrial base.
Bottom Line?
IperionX’s new contract sets the stage for reshaping U.S. titanium supply, but future task orders will determine the full commercial impact.
Questions in the middle?
- How quickly will task orders translate into production and revenue?
- What additional titanium components might be included beyond fasteners?
- How will IperionX’s technology compare to competitors in cost and performance?
