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A novel method of preparing continuous NiTif‐reinforced Ti/Al‐laminated composites is proposed via ultrasonic consolidation (UC) and vacuum hot pressing. The microstructure of the composites is characterized by X‐ray diffraction, scanning electron microscopy, and electron backscattering diffraction. The tensile properties of the composites are measured by a universal testing machine. Results indicate that the composite exhibits multilayer structure consisting of residual NiTi fiber, intermetallic compounds (IMCs) layer, reaction layer, Ti layer, and Al layer. The intermetallic layer is composed of Al3Ti and Al3Ni, and some Ni‐rich precipitates are dispersed in the matrix. And with the introduction of UC assisted, grain refinement occurs at the IMC/Al interface, texture variation emerges at the NiTi fiber/IMCs interface, and a weakening of texture strength is observed at both interfaces. Compared to NiTif‐reinforced Ti/Al‐laminated composites without UC assisted, both the tensile strength (from 872.4 to 826.5 MPa) and failure strain (from 17.5% to 20.4%) of NiTif‐reinforced Ti/Al‐laminated composites with UC assisted increase due to the contribution of UC assisted. The reinforcing and fracture mechanisms of the UC assisted are also discussed. [ABSTRACT FROM AUTHOR]