IperionX Secures Second U.S. Army Task Order
Key points
- Task Order 2 issued under IperionX's SBIR Phase III contract.
- US$11.5 million currently funded, up to US$25.4 million potential.
- Advances industrial-scale American titanium production.
- Expands U.S. defense manufacturing capability.
- Potential expansion into aerospace and refractory alloys.
Full summary
IperionX Limited announced the U.S. Army awarded Task Order 2 under the SBIR Phase III contract for Low-Cost, Domestic Titanium for Defense Applications. Task Order 2, under a $99M contract, has a base value of $18.5M, with $11.5M currently funded. The task order supports three industrialization work packages and has unexercised options for an additional $6.9M, potentially raising the total value to $25.4M. The program aims to increase titanium component-processing capability, bring critical manufacturing steps in-house, and support shorter lead times for U.S. defense applications. The task order also includes options for aerospace and refractory-metal pathways.
Guidance
Task Order 2 has a base value of $18.5M, with $11.5M currently funded.
Outlook
The task order aims to increase titanium component-processing capability and bring critical manufacturing steps in-house.
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