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IperionX Awarded U.S. Department of Defense SBIR Phase III Contract for Up to US$99M
Low-Cost Domestic Titanium for Defense Applications: Receipt of an SBIR Phase III Indefinite Delivery, Indefinite Quantity (IDIQ) contract to achieve “Low-Cost Domestic Titanium for Defense Applications” in the U.S.SBIR phase III contract: Enables IperionX to receive task order funding from U.S. Department of Defense (DoD) agencies up to a total of US$99 millionAccelerating commercial deployment: SBIR Phase III contracts are reserved for technologies ready to transition from R&D into scaled prod
About this update from Iperionx Ltd.
[{"type":"list","items":[{"val":[{"type":"text","content":"Low-Cost Domestic Titanium for Defense Applications: Receipt of an SBIR Phase III Indefinite Delivery, Indefinite Quantity (IDIQ) contract to achieve “Low-Cost Domestic Titanium for Defense Applications” in the U.S.","length":215,"tagName":"p"}]},{"val":[{"type":"text","content":"SBIR phase III contract: Enables IperionX to receive task order funding from U.S. Department of Defense (DoD) agencies up to a total of US$99 million","length":149,"tagName":"p"}]},{"val":[{"type":"text","content":"Accelerating commercial deployment: SBIR Phase III contracts are reserved for technologies ready to transition from R&D into scaled production for U.S. Government use","length":170,"tagName":"p"}]},{"val":[{"type":"text","content":"Strategic initial projects: Initial task orders will focus on manufacturing high-performance titanium fasteners for U.S. DoD agencies","length":133,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":667,"olType":false},{"type":"text","content":"CHARLOTTE, N.C., June 05, 2025 (GLOBE NEWSWIRE) -- IperionX Limited (IperionX) (NASDAQ: IPX, ASX: IPX) is pleased to announce that is has been awarded a Small Business Innovation Research (SBIR) Phase III contract by the U.S. Department of Defense.","length":248,"tagName":"p"},{"type":"text","content":"Structured as an Indefinite Delivery, Indefinite Quantity contract in support of achieving “Low-Cost Domestic Titanium for Defense Applications” in the U.S., the contract establishes a funding mechanism through which qualifying U.S. Government agencies can place project-specific task orders – collectively capped at US$99 million – for the supply of IperionX titanium components and parts.","length":390,"tagName":"p"},{"type":"text","content":"The SBIR program, administered by the U.S. Small Business Administration, progresses innovations through three stages. Phase III is reserved for commercialization activities, allowing Federal agencies to procure proven SBIR-funded technologies without further competition. This award recognizes IperionX’s readiness to deliver strategic titanium components for U.S. defense applications.","length":387,"tagName":"p"},{"type":"text","content":"IperionX is working with U.S. DoD agencies on project task orders that will draw down on the contract ceiling. Initial titanium manufacturing and supply proj...