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IperionX Awarded U.S. Department of Defense SBIR Phase III Contract for Up to US$99M [Yahoo! Finance]

IperionX Limited - American Depositary Share (IPX) 
Company Research Source: Yahoo! Finance
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 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 Strategic initial projects: Initial task orders will focus on manufacturing high-performance titanium fasteners for U.S. DoD agencies 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. 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 order Show less Read more
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