The phase composition and structure of two-layer thermal-barrier metal-ceramic coatings applied by electron-beam vapor deposition in one process cycle are investigated. It is shown that the outer ceramic layer has a two-phase (monoclinic-tetragonal) structure and is characterized by an axial growth texture of columnar crystallites with prevailing <001> orientation. High-temperature isothermal annealing in an oxidizing medium increases the amount of the tetragonal constituent in the outer ceramic layer of the thermal-barrier coating.Research intended to increase operating temperatures of gas turbine engines (GTEs) is underway all over the world. However, should operating temperatures be higher, thermal stability of the hot components, such as rotor and guide blades of gas turbines, need to be enhanced. This is achieved by using thermal insulation.The most efficient and widespread method to improve the thermal stability of structural components of the GTE hot section, along with their high-temperature oxidation and corrosion resistance, is to apply thermal-barrier coatings (TBCs). By their nature, such coatings are ceramics consisting of refractory metal oxides. They are applied by different techniques [1][2][3][4]. A thermal-barrier coating may have excellent characteristics and proper adhesion with the metal base only if there is a layer of a multicomponent MCrAlY alloy (where M = Ni, Co, Fe, or their combinations) preliminary placed on the product. To apply thermal coatings on gas turbine blades, a two-stage process is widely employed: (i) plasma deposition of a metal high-temperature binding MCrAlY sublayer and (ii) subsequent deposition of ceramics (plasma or electron-beam vapor deposition).Nevertheless, the development of new, more reliable and efficient one-stage processes for applying protective coatings is underway [4][5][6][7].The paper [6] examines the effect of the deposition parameters on the structure and properties of the resulting TBCs. However, some important aspects have not been covered, namely: the effect of high-temperature annealing, texture features, phase composition, and distribution of chemical elements across the TBCs applied with the proposed technology [6].The objective of this paper is to examine the structure of two-layer thermal-barrier coatings applied by electronbeam vapor deposition in one process cycle. This study logically continues the research conducted at the Research and Development Enterprise Gekont (Vinnitsa) and intended to develop an industrial technology for depositing thermalbarrier coatings on gas turbine blades [4][5][6].Research and Development Enterprise Gekont, Vinnitsa, Ukraine.