Jul. 2 at 2:25 PM
$IPX awarded up to US
$6.6 million by the Office of the Secretary of War–Submarine Workforce and Industrial Base program.
The award forms part of a larger, multi-organization program to scale production of high-performance titanium alloy products, including ballistic-grade titanium plate, for land and maritime defense platforms
Funding will support expanded manufacturing capability for large-format military titanium components at IperionX’s Titanium Manufacturing Campus in Virginia, strengthening U.S. capacity for mission-critical titanium products and critical-material supply chains
IperionX will collaborate with the George H. W. Bush Combat Development Complex and the U.S. Army Combat Capabilities Development Command Army Research Laboratory to accelerate product scale-up, validation, and transition pathways for defense and strategic industrial applications
IperionX has received an additional purchase order from the U.S. Army Ground Vehicle Systems Center for titanium fasteners.
