Spray cast strip of AISI 1026 and M2 has been produced by the Osprey™ process under controlled conditions of deposition. Droplet flight distance was varied over the range 325 to 475 mm and strip was spray cast onto either planar or roller substrates of copper and steel. Substrate surface speed was in the range of 0.02 to 1 m/s, which produced strip of 0.025 to 0.0007 m thickness, respectively, with a width of 0.1 m. Surface condition, microstructure, and extent of porosity in the strip were characterized as a function of distance from top and bottom surfaces. The microstructure of the strip is comprised of three regions —a ‘chill zone’ at the bottom surface consisting of fine grains of ferrite and pearlite with numerous pores; a middle region containing equiaxed or columnar grains, Widmanstatten plates, and fine pores; and a top region made up of equiaxed grains comprising Widmanstatten plates and a few pores. Process variables of primary importance with respect to microstructural integrity and surface condition of the strip are substrate velocity, the surface condition of the substrate, flight distance, and the uniformity of droplet flux in the spray cone. Flight distance determines the amount of cooling of the droplets by the atomizing gas and, therefore, the average temperature of the spray incident on the substrate. Microstructure is determined by convective cooling of the spray, and, to a lesser extent, by the substrate velocity and temperature. The processing conditions required to spray cast strip with a homogeneous microstructure and uniform thickness/surface condition have been established.