Mergers & AcquisitionsMedium•12 November 2026•
1 min read
Virtuix Signs LOI to Acquire Defense Contractor STS International
Key Facts
1Virtuix signed a non-binding letter of intent to acquire STS International, a defense technology and services company.
2STS reported $40 million in unaudited cash-basis revenue for the first 10 months of 2026.
Virtuix Holdings Inc. signed a non-binding letter of intent to acquire STS International, a defense technology and services company. GlobeNewswire reported that STS generated $40 million in unaudited cash-basis revenue during the first 10 months of 2026, as Virtuix seeks to expand its military contracting capabilities.
The acquisition is intended to establish a 'Virtuix Defense' division and leverage STS's existing federal government relationships and positive EBITDA. VTIX closed at $0.6352 on November 11, 2026, with the stock trading between a low of $0.5701 and a high of $0.6793 during that session.