What Happened
Defense Division Expansion Through Strategic Acquisition
Virtuix Holdings Inc has signed a letter of intent to acquire defense contractor STS International for $12 million, aiming to establish a new defense division and expand access to US military contracts. The proposed acquisition would give Virtuix an established foothold in the defense contracting market, including access to government procurement vehicles and credentials. According to Proactive, the deal builds on Virtuix’s recent progress in the defense market and is expected to be completed during Virtuix’s financial year ending March 31, 2027.