VisionWave (VWAV) announced it has signed a Memorandum of Understanding, MOU, with a major India-based defense company to collaborate on select modernization programs of the Indian Ministry of Defence, MoD. The MOU establishes a framework for technical proposals, simulations, and on-site demonstrations in India of VisionWave’s sensing technologies and Active Protection System. Under the terms of the MOU, VisionWave and the Indian partner may explore opportunities to pursue multiple MoD programs, including: Make-2 Drone Kill System – interceptor drone development. ALTV – approximately 357 units. FRCV – approximately 1,770 new main battle tanks. T-72/T-90 Retrofit Program – modernization of existing armored platforms.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VWAV:
- VisionWave Holdings Approves New Independent Director Agreements
- VisionWave Holdings Secures $2M Equity Purchase Agreement
- VisionWave Holdings Signs MoU with VEDA Aeronautics
- Three new option listings and one option delisting on September 4th
- VisionWave Holdings Appoints New Executive Leadership Team
