XTEND Wins $3M Contract for 100 XOS-Enabled Robotic Drone Systems in Asia-Pacific
Rhea-AI Summary
JFB (Nasdaq: JFB) announced that XTEND won a $3 million strategic defense contract to deliver more than 100 XOS-enabled Scorpio robotic drone systems to an Asia-Pacific defense customer. Deliveries begin in 2026 and extend into 2027, supporting international backlog and revenue visibility.
XTEND reports over 10,000 autonomous systems deployed across air, land, and sea in more than 30 countries. JFB and XTEND plan an all-stock business combination, after which the company is expected to be renamed XTEND AI Robotics and listed under the ticker XTND.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- $3 million contract for 100+ XOS-enabled Scorpio drone systems
- Deliveries scheduled for 2026–2027, supporting revenue visibility
- Contract expands XOS deployment footprint in Asia-Pacific defense market
- International orders backlog strengthened by new multi-year deliveries
- XTEND reports 10,000+ systems deployed in 30+ countries
Negative
- None.
News Market Reaction – JFB
On the day this news was published, JFB declined 5.23%, reflecting a notable negative market reaction. Argus tracked a peak move of +5.8% during that session. Argus tracked a trough of -2.8% from its starting point during tracking. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $5M from the company's valuation, bringing the market cap to $84.31M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 02 | Drone industry overview | Neutral | -0.2% | External financing partner highlighted JFB’s role in growing U.S. drone sector. |
| May 28 | Defense program qualifier | Positive | +18.9% | XTEND chosen for Phase II qualifier in $1B U.S. Drone Dominance Program. |
| May 20 | UK expansion order | Positive | +2.3% | XTEND launched UK XFAB after a £1.93M defense order and outlined further investment. |
| May 14 | Asia-Pacific ISR deal | Positive | -2.9% | XTEND secured a seven-figure Asia-Pacific ISR order supporting global expansion. |
| May 11 | Earnings and merger | Positive | +3.0% | Q1 2026 revenue up 115% and details on $1.5B-valued XTEND merger and backlog. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent XTEND-related defense wins and merger milestones often coincided with positive price reactions, though there has been at least one divergence on favorable Asia-Pacific news.
Over the past month, JFB has repeatedly highlighted XTEND’s growth: UK expansion with a £1.93M order, an Asia-Pacific ISR deal, and selection for the U.S. DoD Drone Dominance Program. Financial filings showed Q1 2026 revenue up 115% year over year and detailed XTEND’s backlog and pipeline. The current Asia-Pacific contract continues this pattern of XTEND defense wins that build international backlog and support the pending XTEND AI Robotics combination.
Regulatory & Risk Context
Key Terms
autonomous robotics technical
autonomous systems technical
operating system technical
edge autonomy technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Significant Asia-Pacific Contract to Date Expands XOS Deployment Footprint and Strengthens International Orders Backlog
TAMPA, Fla., June 09, 2026 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB) announced today that XTEND, a leader in software systems and artificial intelligence-powered robotics, has secured a multi-million-dollar strategic defense contract for the delivery more than 100 Scorpio drone systems powered by XOS, XTEND’s operating system for autonomous robotics, to a defense customer in the Asia-Pacific region.
The award represents a significant contract for XTEND in the Asia-Pacific region and further expands the global deployment footprint of XOS across one of the world's fastest-growing autonomous systems markets. Deliveries are expected to commence during 2026 and continue into 2027, contributing to XTEND's international backlog and supporting long-term revenue visibility.
The Scorpio systems delivered under the contract will be powered by XOS, XTEND's battle-proven operating system that serves as the software backbone across XTEND's expanding ecosystem of air, ground, and maritime robotic platforms, providing operators with a common operating environment that enables mission execution across multiple autonomous systems while maintaining human control over mission-critical decisions. The platform combines artificial intelligence, edge autonomy, and human supervision to reduce operator burden, accelerate deployment readiness, and support scalable autonomous operations across a broad range of mission profiles.
The deployment reflects increasing global demand for integrated autonomous solutions that combine battle-proven robotic hardware with scalable software infrastructure and is expected to expand adoption of XOS software capabilities within the customer organization, further strengthening XTEND's operational presence worldwide.
"The world is at an inflection point in how defense organizations think about autonomous systems,” said Aviv Shapira, Co-Founder and CEO at XTEND. “It’s no longer about individual platforms, but about software-defined ecosystems that can scale across missions, geographies, hardware types, and threats. Contracts like this one show that defense customers are ready to commit to that vision, and XTEND is ready to deliver it.”
XTEND's autonomous systems are currently deployed across air, land, and maritime domains in more than 30 countries worldwide. With over 10,000 systems deployed, XTEND's solutions have been operationally validated in some of the world's most demanding environments and are trusted by defense, security, and special mission organizations globally.
+++
As announced on February 17, 2026, JFB Construction Holdings (Nasdaq: JFB) and XTEND entered into a definitive agreement to combine with XTEND in an all-stock transaction. The business combination is further supported by strategic investments from Eric Trump, Unusual Machines, American Ventures, LLC, Protego Ventures, and Aliya Capital. Following the closing of the business combination, the joint company is expected to be renamed XTEND AI Robotics and be listed on a U.S. national securities exchange under the “XTND.”
About XTEND
XTEND is a leader in software systems and artificial intelligence-powered robotics, deployed in high-threat, complex operational environments where human exposure carries significant risk. Powered by its proprietary XTEND Operating System (XOS), XTEND’s integrated software and advanced robotic hardware solutions are designed to provide autonomy at the edge. Operating across defense, law enforcement, and private security missions through a platform of robots, drones, and robotic subsystems, XTEND’s open architecture platform facilitates scalability across partners and third-party applications. With over 10,000 systems deployed in over 30 countries, XTEND’s solutions have been validated in five combat zones and operationally deployed by national defense, special-mission units, and security organizations across the globe. Founded in Tel Aviv, Israel, and headquartered in Tampa, Florida, XTEND delivers NDAA-compliant solutions through a global network of regional XFAB manufacturing facilities located in the U.S., the U.K., Singapore, Israel, and Latvia. For more information, visit www.xtend.me.
About JFB Construction Holdings
JFB Construction Holdings (Nasdaq: JFB) is a real estate development and construction company that has provided general contracting and construction management services in 36 U.S. states. For more information, visit the company’s SEC filings at www.sec.gov.
Cautionary Note Regarding Forward-Looking Statements
This communication contains, and oral statements made from time to time by our representatives may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements regarding the expected size of the U.S. defense budgets for tactical strike and defense programs, the impact of Xtend receiving U.S. Army Fuze Safety Board for its high-voltage safety and arming system for FPV attack drones, the potential transaction between Xtend Reality Expansion Ltd. (“Xtend”) and JFB Construction Holdings (“JFB”), including statements regarding the expected impacts and benefits of the potential transaction, timing of the transaction closing, and strategic initiatives for Xtend AI Robotics, Inc. (“NewCo”) following the closing. All statements other than statements of historical facts contained in this communication may be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “outlook”, “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. The forward-looking statements in this communication are only predictions. Xtend’s and JFB’s management have based these forward-looking statements largely on their current expectations and projections about future events and financial trends that management believes may affect its business, financial condition and results of operations. These statements are neither promises nor guarantees and involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from what is expressed or implied by the forward-looking statements, including, but not limited to: the transaction may not be consummated; there may be difficulties with the integration and in realizing the expected benefits of the transaction; Xtend and JFB may need to use resources that are needed in other parts of its business to do so; there may be liabilities that are not known, probable or estimable at this time; the transaction may result in the diversion of management’s time and attention to issues relating to the transaction and integration; expected synergies and operating efficiencies attributable to the transaction may not be achieved within its expected time-frames or at all; there may be significant transaction costs and integration costs in connection with the transaction; the possibility that JFB will not have sufficient cash at close to satisfy the minimum cash condition; unfavorable outcome of legal proceedings that may be instituted against JFB and Xtend following the announcement of the transaction; risks inherent to the business may result in additional strategic and operational risks, which may impact Xtend’s, NewCo’s and JFB’s risk profiles, which each company may not be able to mitigate effectively; JFB’s ability to complete construction projects or other transactions on schedule and budget; changes in weather and occurrence of natural disasters and pandemics; recent imposition of tariffs by governments on construction materials, such as steel, aluminum and lumber; disruptions in supply chains; increase in the cost of labor and construction materials; JFB’s ability to maintain safe work sites; Xtend’s dependence on a limited number of defense and governmental security customers for a substantial portion of its business; significant delays or reductions in appropriations, Xtend’s programs and certain government fundings and programs more broadly, including as a result of a prolonged continuing resolution and/or government shutdown, and/or related to the global security environment or other global events; increased competition within JFB’s and Xtend’s markets and bid protests; changes in procurement and other U.S. and foreign laws, including changes through executive orders, contract terms and practices applicable to our industry, findings by certain applicable governments as to our compliance with such requirements, more aggressive enforcement of such requirements and changes in Xtend’s customers’ business practices globally; the improper conduct of employees, agents, subcontractors, suppliers, business partners or joint ventures in which Xtend participates, including the impact on Xtend’s reputation and its ability to do business; cyber and other security threats or disruptions faced by Xtend and JFB, its customers or its suppliers and other partners, and changes in related regulations; and Xtend’s ability to innovate, develop new products and technologies, progress and benefit from digital transformation and maintain technologies to meet the needs of Xtend’s customers. In addition, a number of important factors could cause JFB’s, Xtend’s or NewCo’s actual future results and other future circumstances to differ materially from those expressed in any forward-looking statements, including but not limited to those important factors that discussed in the section entitled “Risk Factors” in the registration statement on Form S-4 filed by JFB and NewCo, as any such factors may be updated from time to time in other filings with the Securities and Exchange Commission (the “SEC”), including without limitation Xtend’s investor relations site at https://www.xtend.me/newsroom and JFB’s investor relations site at https://investors.jfbconstruction.net/. Forward-looking statements speak only as of the date they are made and, except as may be required under applicable law, neither Xtend nor JFB undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Important Information for Investors and Stockholders
This communication is for informational purposes only and is not intended to, and does not, constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any issuance or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. In connection with the transaction, NewCo and JFB filed a registration statement on Form S-4, which includes an information statement of JFB and a preliminary prospectus of NewCo. After the registration statement is declared effective, JFB will mail to its stockholders a definitive information statement that will form part of the registration statement. This communication is not a substitute for the information statement/prospectus or registration statement or for any other document that JFB filed and may file with the SEC and send to its stockholders in connection with the transaction. INVESTORS AND SECURITY HOLDERS OF XTEND AND JFB ARE URGED TO READ THE INFORMATION STATEMENT/PROSPECTUS OR REGISTRATION STATEMENT AND ANY OTHER DOCUMENT THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the information statement/prospectus (when available) and other documents filed with the SEC by JFB through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by JFB will be available free of charge on JFB’s website at https://investors.jfbconstruction.net/.
JFB Construction Holdings Contact:
CORE IR
Mike Mason
516 222 2560
investors@jfbconstruction.net
XTEND Contact:
Headline Media
Sarah Small
929 255 1449
sarah@headline.media
XTEND Investor Relations:
MZ North America
Shannon Devine
XTEND@mzgroup.us
203-741-8811
