A new Ti64-Fe-Co alloy was studied via a laser-material-deposition method. Associated with high growth restriction factors, β-eutectoid (Fe, Co) alloying minimizes anisotropy (due to the prior columnar β-grain growth) in the laseradditive -manufacturing (AM) built Ti-parts along with enhanced properties. Fe alloying for Ti64 via laser-AM results in superior strengthening with reduced ductility, where a good combination of strength and elongation properties can be achieved for a Ti-Fe-Co system. However, studies on Ti-Fe-Co-based systems via laser processing are limited. Co possesses a similar electronic property as Fe and the Ti-Fe system accompanies further solute addition. The effect of Co alloying the Ti64-Fe system was investigated in this study via a pre-placed laser-material-deposition method. A Ti64–5Fe-5Co alloy was formulated referring to CALPHAD simulations, along with a Ti64–10Fe composition. The new Ti-alloys were fabricated via both the laser-material-deposition and conventional vacuum arc melting routes, and the characteristics of the fabricated samples were examined. XRD analysis shows the evolution of the β-Ti phase with Fe and Co alloying, which agrees with the thermodynamic phase simulation results. The corresponding SEM micrographs depicted a β-phase dominant matrix with α-dendrites, and the solidification path was discussed. Considerable grain refinement was obtained for the laser-deposited alloys compared to the arc-melted ones, with an improved hardness value twice that of the commercial Ti64. A reduced stiffness for the laser-deposited Ti64–5Fe-5Co was observed from the load-vs-displacement characteristics, indicating matrix softening with Co alloying, which might benefit the elongation properties. The studied Ti-alloy shows a 30 % improvement in the dry-sliding wear characteristic with reduced fretting and abrasion compared to the commercial Ti64. The studied Ti-alloys were located in the theoretical d-electron space and new (Bo) ̅-(Md) ̅ vectors were introduced. Further studies on this would help in extending the applicability of laser-AM-built Ti-components.