An overview of materials developments of iron aluminium alloys with strengthening precipitate phases is given. The discussion is focussed on recent studies on Fe-AI-based alloys with strengthening precipitates, such as x-phase Fe~ICx, MC-carbide and Laves phase. Alloys of the following alloy systems were investigated: Fe-AI-C, Fe-AI-Ta, Fe-AI-Ni, Fe-AI-Ti-Nb, and Fe-AI-M-C (M = Ti, V, Nb, Ta). The investigations were centred on microstructure, constitution, and mechanical properties of such Fe-AI-based alloys with AI contents ranging from 10 to 30 at. %. Mechanisms and problems are discussed and perspectives are outlined.