IperionX, an American titanium steel and important supplies firm, has been awarded a Small Enterprise Innovation Analysis (SBIR) Section III contract by the US Division of Protection (DoD). Structured as an Indefinite Supply, Indefinite Amount contract in assist of attaining ‘Low-Price Home Titanium for Protection Purposes’ within the US, the contract establishes a funding mechanism by way of which qualifying US Authorities businesses can place project-specific activity orders – collectively capped at US$99 million – for the availability of IperionX titanium elements and components.
The SBIR program, administered by the US Small Enterprise Administration, progresses improvements by way of three levels. Section III is reserved for commercialization actions, permitting Federal businesses to obtain confirmed SBIR-funded applied sciences with out additional competitors. This award acknowledges IperionX’s readiness to ship strategic titanium elements for US protection purposes.
IperionX is working with US DoD businesses on challenge activity orders that may draw down on the contract ceiling. Preliminary titanium manufacturing and provide initiatives, anticipated to begin within the coming months, will embody titanium fasteners produced utilizing IperionX’s patented titanium manufacturing and superior forging applied sciences. These titanium components can be manufactured at IperionX’s Titanium Manufacturing Campus in Virginia, supporting native expert jobs and strengthening the US protection industrial base.
The contract aligns with current US Authorities funding priorities aimed toward fortifying US critical-material manufacturing capabilities. Process orders could embody extra product types outdoors of fasteners, together with higher-value aerospace elements, positioning IperionX as a companion within the US DoD’s drive for safe, American-made, and cost-competitive titanium.
“Securing this Section III contract is a pivotal milestone for IperionX. It validates the efficiency of our applied sciences and underscores the Division of Protection’s dedication to reshore an all-American titanium provide chain. We look ahead to delivering mission-critical elements which can be lighter, stronger, and more cost effective whereas decreasing reliance on worldwide provide chains,” mentioned Anastasios (Taso) Arima, CEO of IperionX.
