IperionX Secures $99M U.S. Defense Contract for Titanium Production

Iperionx Limited ( (AU:IPX) ) just unveiled an announcement.

IperionX Limited has secured a Small Business Innovation Research (SBIR) Phase III contract with the U.S. Department of Defense, valued at up to $99 million. This contract is designed to support the production of low-cost domestic titanium for defense applications, marking a significant step in transitioning IperionX’s technologies from research and development to scaled production. The initial projects under this contract will focus on manufacturing high-performance titanium fasteners for U.S. DoD agencies, leveraging IperionX’s patented production and forging technologies. This development aligns with U.S. Government priorities to strengthen domestic critical-material manufacturing capabilities, positioning IperionX as a key partner in the defense sector’s drive for secure and cost-competitive titanium solutions.

The most recent analyst rating on (AU:IPX) stock is a Buy with a A$3.85 price target. To see the full list of analyst forecasts on Iperionx Limited stock, see the AU:IPX Stock Forecast page.

More about Iperionx Limited

IperionX Limited is a leading American company specializing in titanium metal and critical materials. The company utilizes patented technologies to produce high-performance titanium alloys from titanium minerals or scrap titanium, with a focus on reducing energy, cost, and carbon emissions. IperionX’s products are vital for advanced U.S. industries such as space, aerospace, defense, consumer electronics, hydrogen, automotive, and additive manufacturing.

Average Trading Volume: 1,967,880

Technical Sentiment Signal: Buy

Current Market Cap: A$1.1B

For a thorough assessment of IPX stock, go to TipRanks’ Stock Analysis page.