JFB Construction Holdings shares rose 2% in pre‑market trading after XTEND secured a $1.67 million contract with Israel’s Ministry of Defence.
The contract, valued at roughly 5 million Israeli shekels, calls for drone systems and services delivery during 2026.
JFB and XTEND plan an all‑stock merger completed Feb 2026, after which the entity will be named XTEND AI Robotics, ticker XTND.
XTEND operates in 30 countries, deployed over 10,000 systems, and secured investments from Eric Trump, American Ventures, Protego Ventures, Aliya Capital.