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C.M. Advises VisionWave of Joint Venture Initiative in India with Major Industrial Manufacturing Group
WEST HOLLYWOOD, Calif. and MODI’IN, Israel, March 06, 2026 (GLOBE NEWSWIRE) -- VisionWave Holdings, Inc. (Nasdaq: VWAV) (“VisionWave” or the “Company”) announced today that C.M. Composite Materials Ltd. (“C.M.”), together with its wholly owned subsidiary FBM Composite Materials Ltd., has entered into a Memorandum of Understanding (MOU) with a large industrial manufacturing group headquartered in India to explore the formation of a joint venture manufacturing platform for advanced aerospace and d
About this update from Visionwave Holdings, Inc.
[{"type":"image","alt":"VisionWave Holdings, Inc.","displaySize":"","headline":null,"caption":"VisionWave Holdings, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":45,"url":"https://media.zenfs.com/en/globenewswire.com/b2e2070ec04378168a794f4087c6b08b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/s6JhHDXZcCUk56qBdHEr4A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTYzO2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/b2e2070ec04378168a794f4087c6b08b","width":300,"height":45}},"lazy":false},{"type":"text","content":"WEST HOLLYWOOD, Calif. and MODI’IN, Israel, March 06, 2026 (GLOBE NEWSWIRE) -- VisionWave Holdings, Inc. (Nasdaq: VWAV) (“VisionWave” or the “Company”) announced today that C.M. Composite Materials Ltd. (“C.M.”), together with its wholly owned subsidiary FBM Composite Materials Ltd., has entered into a Memorandum of Understanding (MOU) with a large industrial manufacturing group headquartered in India to explore the formation of a joint venture manufacturing platform for advanced aerospace and defense composite components.","length":528,"tagName":"p"},{"type":"text","content":"C.M., headquartered in Modi’in, Israel, specializes in advanced composite structures and manufacturing technologies for aerospace, defense, and high-performance industrial applications. The Indian industrial partner is a large manufacturing group operating multiple industrial facilities across India and supplying engineered components to global OEMs across automotive, industrial, and aerospace supply chains.","length":411,"tagName":"p"},{"type":"text","content":"Under the framework contemplated in the MOU, the parties intend to evaluate the creation of a joint venture manufacturing entity in India designed to combine C.M.’s advanced composite engineering and manufacturing capabilities with the Indian partner’s industrial manufacturing infrastructure and supply-chain footprint across India.","length":333,"tagName":"p"},{"type":"text","content":"The proposed structure currently under evaluation contemplates majority ownership by the Indian partner and minority ownership by C.M., subject to negotiation and execution of definitive agreements and applicable regulatory approvals.","length":234,"tagName":"p"},{"type":"text","content":"According to C.M., the proposed venture would evaluate establishing a regional manufacturing hub for...