Mentioned:
IperionX is on the leading edge of titanium production in America. And now, they’re coming after the opportunity in heavy ground combat systems.
What’s happening:
- IperionX (NASDAQ: IPX) has landed a new prototype purchase order from American Rheinmetall to produce lightweight titanium components for heavy ground combat systems for the United States Army
By the numbers:
- The initial purchase order is for 700 pounds of lightweight titanium components
Why it matters:
- Replacing steel parts with titanium in ground combat systems can dramatically reduce their total weight and improve their mobility, range and agility
Going deeper:
- The new lightweight titanium components will be produced entirely in the United States from recycled titanium through leveraging IperionX’s proprietary refining and forging processes
- IperionX is currently one of the only producers of commercial scale primary titanium metal in America which previously led to winning a $99M USD contract from the United States federal government to supply the military with titanium
