ExpansionJul 1, 2026, 06:11 AM
IperionX Awarded Up To $6.6M for US Titanium Defense Production
AI Summary
IperionX has been awarded up to US$6.6 million by the Office of the Secretary of War – Submarine Workforce and Industrial Base program (OSW-SWIB). This funding will scale domestic production of high-performance titanium alloy products, including ballistic-grade titanium plate, for U.S. land and maritime defense platforms, expanding manufacturing at its Virginia campus. Additionally, the company received a purchase order from the U.S. Army Ground Vehicle Systems Center for prototype titanium fasteners for the JLTV.
Key Highlights
- IperionX awarded up to US$6.6 million by OSW-SWIB for titanium production.
- Funding supports domestic production of ballistic-grade titanium plate for defense applications.
- Expands manufacturing capability for large-format military titanium components at Virginia campus.
- Program includes Phase 1 of US$0.2 million and Phase 2 of US$6.4 million upon success.
- Received an additional purchase order for prototype titanium fasteners for the JLTV.
- Collaborating with BCDC and DEVCOM ARL for product scale-up and validation.
Price Impact
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