The present paper reports the results of the comparative study of mechanical properties of sintered disperse-strengthened Al–40Sn alloy depending on the method of reinforcing particle introduction. The study is performed on two mixtures of aluminum and tin powders: one is admixed with 5.5–14.6 wt% of pure iron powder and the other contains the same amount of iron, but as a component of aluminide Al3Fe powders. The volume fraction of tin remains unchanged in all mixtures, being equal to 20%, and the concentration of hard particles increases due to a decrease in the volume fraction of the aluminum phase. Green compacts are sintered in the vacuum furnace at a temperature above the melting point of aluminum. The sintered material is a composite containing three phases: α-Al, β-Sn, and Al3Fe, in which the tin volume fraction is constant. Testing of the sintered composites for compression shows that the addition of finished Al3Fe particles has a more beneficial effect on their mechanical properties as compared to the addition of pure iron powders. In the latter case, aluminides are formed during sintering. The ultimate strength of composites reaches 180 MPa. Mechanisms of sintering of composites and the related structure and mechanical properties are discussed.