IperionX Receives Second Task Order from U.S. Army for Titanium Production
IperionX has secured a second task order from the U.S. Army valued at up to $25.4 million under its SBIR Phase III contract. This funding aims to enhance domestic titanium manufacturing capabilities for defense applications, vital for U.S. supply chains.
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IperionX Limited has been awarded Task Order 2 under its SBIR Phase III contract with the U.S. Army, which has a maximum potential value of $25.4 million. Task Order 2 includes $11.5 million in currently obligated funding, covering three priority work packages and part of a fourth.
The funding will support the expansion of titanium powder-to-part manufacturing capabilities at IperionX's Virginia facility. Additionally, this program is expected to improve production efficiency and reduce costs for U.S. defense applications.
Future expansions may include aerospace-grade titanium components and advanced material development. The overall contract allows for up to $99 million in project-specific orders across U.S. Government agencies.
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