IperionX Limited has secured a major contract from the US Department of Defence (DoD), with the award of a Small Business Innovation Research (SBIR) Phase III agreement that could reach a total value of up to USD 99 million.
The contract, structured as an Indefinite Delivery, Indefinite Quantity (IDIQ) agreement, enables eligible US Government agencies to issue project-specific task orders for titanium components produced by IperionX.
These projects will contribute to the Department’s goal of achieving a low-cost, domestically sourced titanium supply for defence applications, IperionX said in a news release.
“Securing this Phase III contract is a pivotal milestone for IperionX,” said Anastasios Arima, CEO of IperionX.
“It validates the performance of our technologies and underscores the Department of Defence’s commitment to reshore an all-American titanium supply chain.”
The SBIR program, overseen by the US Small Business Administration, supports the development and commercialisation of innovative technologies.
Phase III specifically allows federal agencies to procure SBIR-funded technologies without further competition, a designation that signals IperionX’s titanium production process is ready for scaled deployment.
Initial task orders under the agreement are expected to commence in the coming months and will include titanium fasteners produced with IperionX’s patented production and forging technologies.
These components will be manufactured at the company’s Titanium Manufacturing Campus in Virginia,
“We look forward to delivering mission-critical components that are lighter, stronger and more cost-effective while reducing reliance on international supply chains,” Arima added.
