What Happened
Proposed Acquisition to Enhance Military Capabilities and Accelerate Growth
Virtuix Holdings Inc. has announced a non-binding letter of intent to acquire STS International, a defense technology firm with approximately $40 million in reported revenue for 2026. The acquisition aims to establish Virtuix Defense, enhancing Virtuix’s capabilities in military contracting and defense training. The deal, valued at $12 million with possible earnout payments, could significantly accelerate Virtuix’s path to profitability and expand its presence in the defense sector. This was first reported by GlobeNewswire.