The (70-
x)TiC-
xTiB
2-26Fe-4Al (mass%) cermets were fabricated by mechanical milling of TiC, TiB
2, Fe and Al powders and subsequent pulse current sintering method. The highly dense cermets were obtained by a reaction for formation of Fe-Al intermetallic compound between Fe and molten Al. The prepared cermets were mainly composed of TiC, TiB
2 and Fe-Al intermetallic compound. In addition, small amount of Fe
2B was observed. The thermal conductivity of prepared cermets lineally increased with increasing TiB
2 volume fraction. The measured thermal conductivities were higher than those of the theoretical values. The deflecting strength and hardness of the cermets achieved 0.8 GPa and HRA 89, respectively.
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