VisionWave Holdings (NASDAQ: VWAV) entered into definitive agreements to acquire a 51% controlling stake in C.M. Composite Materials, an Israeli aerospace manufacturer based in Modi'in, according to a press release statement.

An independent valuation by BDO Consulting Group placed C.M. at $50 million. The company reported approximately $17.3 million in revenue and $3.0 million in net income before tax under IFRS standards for fiscal year 2025.

C.M. Composite Materials produces structural composite assemblies used in Israel's missile defense systems including 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.

The company holds formal designation as an "Essential Facility" under Israel's Emergency Labor Services Law, authorizing continued production during periods of national emergency. C.M. continues manufacturing without interruption during current wartime conditions.

VisionWave recently closed a $20 million senior financing to support general corporate purposes, working capital, and strategic initiatives. The company also executed a $10 million Statement of Work for development of qSpeed-Mine, a cryptocurrency mining acceleration platform built on its QuantumSpeed computational acceleration engine.

"This is about extracting materially more value from the infrastructure that already exists," said Dr. Danny Rittman, Chief Technology Officer of VisionWave. "The goal of QuantumSpeed is to improve system-level efficiency by optimizing how work is coordinated and executed at scale."

The milestone-based SOW spans approximately 32 weeks, with full revenue structured for recognition during calendar year 2026.

VisionWave's wholly owned subsidiary Solar Drone reported executive meetings in Italy advancing business development for drone cleaning solutions in select Middle Eastern markets, following demonstrations of its high-pressure drone payload system across multiple Italian sites.

The company also established a $7.0 million strategic exchange with SaverOne that could yield 51% fully diluted ownership while advancing its autonomous systems platform integrating QuantumSpeed with AI-driven sensing technologies for defense and commercial applications.