Recent advances in laser deposition technology have made the production of advanced composite materials more technically feasible. By utilizing the unique characteristics of the laser deposition process, materials can be made that are difficult to produce by conventional methods. Structural silicide materials hold promise for high temperature applications, unfortunately, their low toughness has prevented their practical use [1-4]. The introduction of a second phase can greatly increase their low temperature mechanical properties. Laser direct deposition can be used to deposit these materials near net shape and produce an in-situ alloy that has the desired structure for improving properties. In-situ alloying was accomplished by using an Optomec LENS™ (Laser Engineered Net Shaping) machine to deposit elemental niobium-silicon and molybdenum-silicon-boron powder blends. The resultant microstructures showed a homogeneous structure with a primary silicide phase surrounded by a continuous eutectic phase. These deposits were characterized using scanning and transmission electron microscopy, x-ray diffraction, and by energy dispersive spectroscopy.