Co-based alloys design based on first-principles calculations: Influence of transition metal and rare-earth alloying element on stacking fault energy AIP Conference Proceedings 1805, 060004 (2017) Abstract. Alloys used for high temperatures applications require combinations of mechanical strength, microstructural stability and corrosion/oxidation resistance. Nickel base superalloys have been traditionally the prime materials utilized for hot section components of aircraft turbine engines. Nevertheless, due to their limited melting temperatures, alloys based on intermetallic compounds, such as TiAl base alloys, have emerged as high temperature materials and intensively developed with the main aim to replace nickel based superalloys. For applications in steam power plants operated at lower temperatures, ferritic high temperature alloys still attract high attention, and therefore, development of these alloys is in progress. This paper highlights the important metallurgical parameters of high temperature alloys and describes few efforts in the development of Fe-Ni-Al based alloys containing B2-(Fe,Ni)Al precipitates, oxide dispersion strengthening (ODS) ferritic steels and titanium aluminide based alloys include important protection system of aluminide coatings.