It is known since long that Fe–Al alloys based on Fe3Al (D03) and FeAl (B2) have an excellent corrosion and wear resistance. Because of considerable lower density and appreciable costs, they could provide an alternative to stainless steels and Ni-base superalloys. However, inadequate strength at high temperatures still delays any wider application of these alloys. Through novel alloy concepts, e.g. precipitating fine-scaled borides or Laves phases along grain boundaries, coherent microstructures or increasing the D03/B2 transition temperature, substantial progress in strengthening iron aluminide based alloys at high temperatures has been achieved. This progress as well as economic considerations led to a renewed interest in these materials by industries. Casting, rolling, forging and additive manufacturing of these advanced iron aluminides was successfully performed and the microstructure/property relations of the industrially processed alloys were established.