Ferritic heat-resistant steel comprises basic alloys of Fe-10mass%Cr-W. This study investigates how stress, the addition of Co, and tempering before aging affect the precipitation of the Laves phase of Fe-10Cr-6W ferritic heat-resistant steel, which is used in ultra-supercritical power plants and nuclear reactor materials. The study also investigates the mechanical properties of the steel. Precipitation of the Laves phase by aging increases the tensile strength, but decreases the elongation and impact strength of the alloys. Toughness of the alloys decreases greatly as very fine disk-like Laves phases appear in early aging stage. The strength and impact value of the steel decrease when the steel is tempered before aging. This is mainly due to decrease of density and increase of the particle size in the Laves phase. Since precipitation of the Laves phase increases by addition of Co; the strength increases and the elongation and impact value decrease.