Cubic FeSi2 precipitates were produced in Si (001) wafers by Fe implantation at room temperature, followed by ion beam-induced crystallization at 320°C, and their stability upon thermal annealing was examined by transmission electron microscopy. We found that the cubic phase remains relatively stable for a 650°C anneal, but the precipitates tend to change from an aligned to a twinned orientation with respect to the Si matrix. For higher temperature (800 and 900°C) anneals, most of the precipitates are transformed into β-FeSi2, accompanied by substantial precipitate coarsening. For platelet-shaped precipitates, the coarsening activation energy was determined to be 3.48 eV.