We have systematically investigated the microstructural effects including g
rain size, precipitation, and structural order parameter on the high temper
ature magnetic and mechanical properties of FeCo-based commercial alloys. A
t high temperatures the equilibrium nonmagnetic precipitates significantly
deteriorate the soft magnetic properties. Poor mechanical properties are ma
inly due to the nature of the ordered structure of FeCo alloys. Based on th
is understanding we have designed new magnetic composites by reinforcing Fe
Co alloys with high strength fibers. The magnetic and mechanical properties
can thus be improved independently through optimizing the magnetic matrix
and fiber network, respectively. These new magnetic composites show excelle
nt soft magnetic and mechanical properties. In particularly, negligible cre
ep has been observed at 600 degreesC.