In this paper the authors describe a new rapidly solidified alloy which is capable of meeting the projected requirements of the aerospace industry. Initial studies using splat quenched particulates were carried out on the Al–Cr–Zr system. Microhardness tests indicated that these alloys age–hardened between 350 and 400°C and showed excellent thermal stability. Further alloy development and studies of fabrication behaviour were carried out using air atomized powder. Powders were consolidated by either conventional or hydrostatic extrusion. Microstructural changes during fabrication were identified and correlated with mechanical property data. The alloy can achieve the requirements of the aerospace industry provided microstructural development is controlled during fabrication.MST/233