VisionWave Holdings Inc. said it was informed that C.M. Composite Materials Ltd., which VisionWave has agreed to acquire a controlling stake in, signed a non-binding MOU with a large India-based industrial manufacturing group to explore forming a joint venture in India to manufacture advanced aerospace and defense composite components. VisionWave noted that executing definitive joint venture agreements in India is a closing condition for its planned transaction with C.M., and the MOU is only an initial step toward that requirement.

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