Business
VisionWave Announces Execution of Definitive Agreement to Acquire a 51% Controlling Stake in Certified Aerospace Manufacturer Supporting Structural Components in Systems Publicly Known as Iron Dome and Barak 8 — Combining QSpeed™ Platform and Previous...
VisionWave Announces Execution of Definitive Agreement to Acquire a 51% Controlling Stake in Certified Aerospace Manufacturer Supporting Structural Components
About this update from Visionwave Holdings, Inc.
[{"type":"text","content":"VisionWave Announces Execution of Definitive Agreement to Acquire a 51% Controlling Stake in Certified Aerospace Manufacturer Supporting Structural Components in Systems Publicly Known as Iron Dome and Barak 8 — Combining QSpeed™ Platform and Previously Announced $10 Million Development SOW to Build Scalable Defense Industrial Platform \n 51% Majority Control of Profitable Aerospace-Certified Composite Platform; Option to Acquire Remaining 49% — $50 Million Independent Valuation\nWEST HOLLYWOOD, California and MODI'IN, Israel, Feb. 24, 2026 (GLOBE NEWSWIRE) -- VisionWave Holdings Inc. (NASDAQ: VWAV) (“VisionWave” or the “Company”) today announced it has executed a binding definitive agreement to acquire a 51% controlling interest in C.M. Composite Materials Ltd. (“C.M.”), a certified aerospace-grade composite manufacturer producing structural components utilized in systems publicly known as Iron Dome and Barak 8 (LR-SAM / MR-SAM), as well as additional airborne, offensive, and intelligence platforms. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the first quarter of 2026. This transaction follows VisionWave’s previously announced entry into a $10 million Statement of Work related to development of its QSpeed™ platform. Management believes the combination of advanced computational acceleration software and certified aerospace composite manufacturing represents a strategically aligned model within the evolving defense industrial base. However, there can be no assurance that the anticipated benefits of this transaction will be realized or that the integration of these business will be successful. A Revenue-Producing Aerospace Platform — Not a Development Story For fiscal year 2025, C.M. reported approximately: For illustrative purposes only, using an exchange rate of approximately 3.0 NIS per $1.00: Approximately $17.3 million in revenue and approximately $3.0 million in net income before tax (prepared under International Financial Reporting Standards (\"IFRS\") as adopted in Israel.) These financial results are unaudited and are derived from C.M.'s internal management accounts. They have not been prepared in accordance with U.S. Generally Accepted Accounting Principles (\"U.S. GAAP\") or audited in accordance with the standards of the Public Company Accounti...