AwardJul 1, 2026, 08:32 AM
IperionX Awarded $6.6M Defense Contract; Secures Fastener Order
AI Summary
IperionX has been awarded up to US$6.6 million by the U.S. Department of War's OSW-SWIB program to scale domestic production of high-performance titanium alloy products for land and maritime defense platforms. This funding will support expanded manufacturing capabilities at IperionX’s Titanium Manufacturing Campus in Virginia. Additionally, the company secured a purchase order from the U.S. Army Ground Vehicle Systems Center for prototype titanium fasteners for the Joint Light Tactical Vehicle (JLTV), further strengthening its role in the U.S. defense industrial base.
Key Highlights
- IperionX awarded up to US$6.6 million by the OSW-SWIB program.
- Funding supports expanded manufacturing of large-format military titanium components in Virginia.
- Program aims to scale production of high-performance titanium alloy products for defense platforms.
- Award includes US$0.2 million for Phase 1, with US$6.4 million expected for Phase 2.
- IperionX received an additional purchase order for titanium fasteners for the JLTV.
- Collaboration with George H.W. Bush Combat Development Complex and U.S. Army Research Laboratory.
- Utilizes IperionX’s HAMR™, HSPT™, and THRM™ technologies for efficient titanium production.
Price Impact
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