A carbon-carbon composite comprising a plurality of layers of fibrous carbon material in a carbon matrix, said carbon matrix including metal boride, wherein said resin matrix is formed from:
- a first portion of thermosetting resin surrounding the fibers comprised of a flexible thermosetting resin coating containing a refractory metal capable of reacting with boron to form a metal boride;
- and
- a second portion coated on top of said first portion comprised of a thermosetting resin containing a boron compound.