Defense Tech Stocks Making Gains (NASDAQ: VWAV) (NASDAQ: PRSO) (NYSE:RTX) (NYSE:LMT)

2026-03-06 13:00:00 ET

Investorideas.com ( Investorideas.com Newswire) a top 100 rated investment site for retail Investors following AI and defense stocks, reports on breaking news for VisionWave Holdings, Inc ( Nasdaq: VWAV ), a top 100 rated investment site for retail Investors following AI and defense stocks, reports on breaking news and trading for defense tech related stocks as military operations spike investor interest.

Well-known defense stock Lockheed Martin Corporation (NYSE:LMT) is trading at $664.44, gaining $9.44, up 1.44%. RTX Corporation (NYSE:RTX) is also up today, trading at $206.24, rising $2.38, up 1.17%. But investors are seeing better gains off of some of the smaller companies issuing news today.

VisionWave Holdings, Inc. ( Nasdaq: VWAV ) announced today that C.M. Composite Materials Ltd. (“C.M.”), together with its wholly owned subsidiary FBM Composite Materials Ltd., 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.

The stock is trading up on news, currently at $7.52, up +0.29, gaining 4.01%, with a day’s high of $7.83 on volume of over 400,000 shares.

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AI Summary

VisionWave Holdings (Nasdaq: VWAV) announced that its planned acquisition target, Israeli composite specialist C.M. Composite Materials Ltd., signed a non-binding MOU with a large Indian industrial group to explore a joint venture for manufacturing advanced aerospace and defense composite components in India.The proposed JV would leverage C.M.'s engineering expertise and the Indian partner's manufacturing scale, with majority ownership likely going to the Indian side. It aims to serve regional aerospace, defense, and industrial markets.The MOU is an early step toward satisfying a key closing condition for VisionWave's controlling acquisition of C.M., but definitive agreements are still needed. India is viewed as strategic due to its defense buildup, "Make in India" policy, large procurement needs, and strong ties to Israeli defense exports.Extensive risks remain: the MOU is non-binding, C.M. has no current presence in India, and success depends on capital, regulatory approvals, and other factors outside the company's control. Failure to finalize the JV could derail the acquisition.

Peraso Inc. (NASDAQ:PRSO) is a pioneer in high-performance 60 GHz unlicensed and 5G mmWave wireless technology, offering chipsets, modules, software, and IP.

The stock makes the Nasdaq top gainers list on drone military application news, currently trading at $1.7900, up 0.9790, gaining 120.72% as of this report on a volume of over 274 million shares as of this report.

AI news summary

Peraso (NASDAQ: PRSO) announced its 60 GHz mmWave technology was selected by Israeli defense contractor InTACT for a next-gen military drone IFF (Identification Friend or Foe) system. The tech provides secure, directional, low-detection communications ideal for contested electronic warfare environments and battery-powered drones. This highlights growing defense use of Peraso's unlicensed 60 GHz solutions.

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About VisionWave Holdings, Inc.

VisionWave Holdings, Inc. (Nasdaq: VWAV) is a dual-market autonomous systems platform company developing AI-driven, RF-based sensing, autonomy, and computational acceleration technologies for defense, homeland security, and commercial infrastructure applications. VisionWave's mission is to connect defense innovation with civilian progress through shared core technologies deployed across air, land, and sea.

Learn More at https://vwav.inc

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding potential cooperation, market opportunities, regulatory considerations, proposal development, and future definitive agreements. Forward-looking statements are generally identified by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "project," "forecast," "predict," and similar expressions, or by statements that events or trends "may," "will," or "could" occur.  Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including, but not limited to, regulatory approvals, export control requirements, NATO-related compliance considerations, government procurement processes, market conditions, and the ability of the parties to enter into definitive agreements. All forward-looking statements speak only as of the date of this press release and are expressly qualified in their entirety by the cautionary statements included in this press release and in the Company's SEC filings. VisionWave undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Investors are cautioned not to place undue reliance on these forward-looking statements.

VisionWave undertakes no obligation to update or revise any forward-looking statements, except as required by law.

Contacts:

VWAV - Investor Contact:

investors@vwav.inc

Website:

www.vwav.inc

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