VisionWave announces C.M. Composite entered into MOU with manufacturing group

VisionWave (VWAV) Holdings announced that C.M. Composite Materials, together with its wholly owned subsidiary FBM Composite Materials, 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. 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.