A cast Al-2 wt pct Fe alloy was processed by high-pressure torsion (HPT) at room temperature and then subjected to artificial aging at temperatures of 373 K and 473 K (100°C and 200°C). The aging behavior was studied by Vickers microhardness measurements and by microstructural analyses using transmission electron microscopy and X-ray diffraction. The initial intermetallic structures, composed of a mixture of Al + Al 6 Fe and Al + Al 3 Fe eutectics phases, were partially dissolved in the matrix up to a supersaturation of~1 wt pct Fe. The microstructure was refined by HPT to an ultrafine-grained level with a minimum grain size of~120 nm in the matrix and a dispersion of particles less than 400 nm. Age hardening was achieved within 0.25 hours at 473 K (200°C), to a maximum UTS of~700 MPa as a result of nano-sized precipitation within the ultrafine grains. The uniform elongation exceeded~12 pct even at intermediate levels of imposed strain by HPT, while it decreased to~6 pct with the subsequent aging treatment. The thermal stability of the ultrafine-grained structure was verified to exceed 16 days at 373 K (100°C) and 12 hours at 473 K (200°C).