Iridium-based intermetallics have high melting points, high hardness, good erosion and oxidation resistance. Compared with UHT ceramics iridium intermetallics have crack resistance and high thermal conductivity. These features are necessary for design of UHT materials. Among iridium-based intermetallics, the hafnium-iridium system is the most attractive one in terms of the oxidation resistance. Indeed, hafnium dioxide has the lowest vapor pressure at high temperatures among refractory oxides. Iridium has very high melting point, non-reactive with carbon below the eutectic temperature and has very low solubility in carbon. Oxidation mass loss rates for iridium are extremely low, therefore, it can be served as an effective diffusion barrier f...