A new approach for estimating the mechanical properties of multiphase composite is proposed. The Representative Volume Element (RVE) of the material consists of two different metal matrices and arbitrary number of elastic hardening phases. Multistep homogenization procedures are applied, accounting for influence of the constituent properties, sizes, volume fractions and microstructural distributions. Modified Mori-Tanaka homogenization technique for micropolar media and Budiansky self-consistent method are used for estimation the overall properties of the composite. The theoretical model is applied to description of the properties of precipitation hardening rapidly solidified alloy of the system AlFeVSi with high content of Fe and Si.
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