VisionWave Holdings (NASDAQ: VWAV) has executed a definitive agreement to acquire a controlling 51% stake in C.M. Composite Materials Ltd., a certified aerospace manufacturer specializing in structural components for advanced defense systems. The transaction, anticipated to close during the first quarter of 2026, integrates VisionWave's QSpeed™ computational acceleration platform with C.M.'s established manufacturing operations that currently generate revenue supporting Israel's Iron Dome air defense system and Barak 8 naval air defense platform.
C.M. Composite Materials demonstrated solid financial performance in fiscal 2025, recording approximately $17.3 million in revenue alongside $3.0 million in net income. The strategic combination aims to establish a scalable defense industrial platform by leveraging VisionWave's technology alongside a previously announced $10 million development statement of work, positioning the combined entity to enhance operational efficiency and production capabilities.
Beyond the current Israeli defense applications, the combined company is evaluating expansion opportunities within India's expanding defense sector. This geographic diversification reflects broader market trends in defense procurement and the growing demand for advanced composite materials in aerospace and defense manufacturing across multiple regions.