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VisionWave (NASDAQ:VWAV) has signed a strategic Memorandum of Understanding (MOU) with a major India-based defense company to collaborate on Indian Ministry of Defence (MoD) modernization programs. The agreement focuses on evaluating VisionWave's Active Protection System (APS), which incorporates proprietary super-resolution radar and countermeasures powered by their Evolved Intelligence™ engine.
The potential programs include the Make-2 Drone Kill System, ALTV program (~357 units), FRCV program (~1,770 tanks), and T-72/T-90 Retrofit Program. Field demonstrations will be conducted in India at the partner's expense, subject to regulatory clearances. The collaboration also explores counter-UAS systems, tactical drones, and radar technologies.
While the MOU establishes an evaluation framework, it does not guarantee specific outcomes or contracts, and all activities remain subject to formal invitations and approvals.
VisionWave Holdings (Nasdaq: VWAV) has made its public market debut through a business combination, with trading commencing on the Nasdaq Global Market. The company, focused on AI-powered defense technology, enters the market with a post-merger enterprise value of $174 million and approximately 14.3 million shares outstanding.
The company's platform integrates real-time adaptive AI with high-resolution radar and multispectral sensing capabilities for autonomous operations across air, land, and sea domains. VisionWave is targeting a growing defense IT market projected to expand by $23 billion from 2024-2028, supported by $16 billion in U.S. military AI funding and $1.4 billion in DoD/NNNSA investments.
Strategic priorities include commercializing Vision-RF systems, expanding AI capabilities, establishing U.S. manufacturing operations, and pursuing defense contracts.
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