4 days ago
Issued on behalf of VisionWave Holdings, Inc.
NEW YORK, Feb. 25, 2026 /CNW/ -- USA News Group News Commentary -- Global military spending reached a record $2.72 trillion in 2024, marking the steepest annual increase since the Cold War[1]. The Department of Defense has requested $3.0 billion for hypersonic weapons programs in its FY2026 budget, signaling sustained investment in next-generation strike and defense capabilities[2]. Companies positioned across this accelerating defense technology landscape include VisionWave Holdings (NASDAQ:VWAV), Kratos Defense & Security Solutions (NASDAQ:KTOS), Ondas Holdings (NASDAQ:ONDS), Parsons (NYSE:PSN), and Elbit Systems (NASDAQ:ESLT).
The CSIS estimates that a comprehensive homeland missile defense system, described under the Golden Dome framework, could require between $252 billion and $3.6 trillion over two decades[3]. The Aerospace Industries Association has called for stable investment in next-generation missile warning satellites and resilient space architectures as 2026 priorities[4].
VisionWave Holdings (NASDAQ:VWAV) has executed a definitive agreement to acquire a 51% controlling stake in C.M. Composite Materials, a certified aerospace manufacturer based in Modi'in, Israel. C.M. produces structural composite assemblies utilized in Israel's multi-layer missile defense architecture publicly known as Iron Dome and the Barak 8 long-range air defense system developed jointly by Israel Aerospace Industries and India's Defense Research and Development Organization.
For fiscal year 2025, C.M. reported approximately $17.3 million in revenue and $3.0 million in net income before tax under IFRS standards. An independent valuation prepared by BDO Consulting Group placed the company at $50 million. VisionWave will issue 250,000 shares for the majority interest, retaining an option to acquire the remaining 49%. Comprehensive due diligence spanned 64 continuous days of on-site inspections in Israel, covering aerospace-grade production lines, autoclave capabilities, and certification compliance.
"With the previously announced $10 million QSpeedâ„¢ Statement of Work and now entering into a definitive agreement to acquire majority control of a certified aerospace composite manufacturer embedded in active missile defense programs, VisionWave is building both the computational acceleration layer and the regulated manufacturing foundation," said Douglas Davis, Interim CEO & Executive Chairman of VisionWave. "We believe integrating advanced software acceleration into certified aerospace production infrastructure creates a differentiated industrial model."
The acquisition builds on VisionWave's recently entered into $10 million Statement of Work for qSpeed-Mineâ„¢, a mining acceleration platform built on the company's QuantumSpeed computational acceleration engine. Management believes integrating QSpeedâ„¢ into C.M.'s certified manufacturing environment could optimize production sequencing and reduce process-cycle bottlenecks. C.M. has also identified India as a strategic next-stage growth market as the country continues expanding its multi-layered air defense systems, including ongoing Barak 8 deployments.
The company's wholly owned subsidiary Solar Drone recently reported executive meetings in Italy advancing business development for drone cleaning solutions targeting select Middle Eastern markets, following earlier live demonstrations ...
