VisionWave Provides Strategic Update On Proposed 51% Acquisition Of Israeli Aerospace Manufacturer CM Israel

VisionWave Holdings Provides Update on Pending Acquisition of Majority Interest in C.M. Composite Materials Ltd.

VisionWave Holdings announced an update on its proposed acquisition of a 51% equity interest in C.M. Composite Materials Ltd., an Israeli aerospace-certified manufacturer of structural composite components for defense systems. The transaction, valued at $2.5 million in VisionWave stock plus up to $5 million in funding, targets a September 2026 close but remains subject to conditions including execution of joint venture agreements with Belrise Industries Limited. The acquisition aims to vertically integrate VisionWave's supply chain for unmanned systems.

Shares of aerospace and defense companies are trading lower. Reports suggest that Deputy Defense Secretary Steve Feinberg signed a memo proposing a software tool that would give the government direct access to defense companies' financial systems, potentially impeding commercial and nontraditional firms from doing business with the Pentagon.

Foresight Enters Into Strategic Cooperation Agreement With VisionWave To Jointly Advance Next-Gen Autonomous Defense And Unmanned Ground Vehicle Technologies

The cooperation targets defense, robotics and unmanned systems opportunities in South Korea, Japan, India, Singapore and global marketsNESS ZIONA, Israel, Aug. 20, 2026 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings