XTEND Secures Seven-Figure Defense ISR Order in Asia-Pacific
Rhea-AI Summary
JFB (Nasdaq:JFB) announced that portfolio company XTEND secured a seven-figure defense order in the Asia-Pacific region for compact autonomous ISR systems. The agreement highlights demand for GPS-denied, indoor/outdoor ISR capabilities and supports XTEND’s global expansion ahead of its planned all-stock business combination with JFB.
AI-generated analysis. Not financial advice.
Positive
- Seven-figure defense ISR order from Asia-Pacific customer
- Order underscores demand for autonomous, GPS-denied ISR solutions
- Over 10,000 XTEND systems deployed across air, land, and sea in 30+ countries
- Agreement supports XTEND’s international defense and security market expansion
- Business combination with XTEND planned as all-stock transaction, with new XTEND AI Robotics listing under XTND
Negative
- None.
News Market Reaction – JFB
On the day this news was published, JFB declined 2.94%, reflecting a moderate negative market reaction. Argus tracked a trough of -11.6% from its starting point during tracking. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $2M from the company's valuation, bringing the market cap to $77.29M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Sector peers showed mixed moves, with names like MRNO up 6.91% in momentum scans while others were flat or down. With JFB down 4.23% pre-news and only one peer in momentum, the setup looked stock-specific rather than a broad sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 11 | Earnings and merger detail | Positive | +3.0% | Q1 2026 revenue up 115% and XTEND merger valued at $1.5B. |
| May 07 | Large XTEND drone order | Positive | -3.3% | XTEND secured $8.25M European autonomous drone order tied to JFB deal. |
| May 01 | XTEND defense contract | Positive | +6.6% | XTEND won ~$2.2M Middle East aerial defense contract using XOS platform. |
| Apr 29 | Form S-4 filing | Positive | -1.0% | JFB and XTEND filed Form S-4 for proposed business combination. |
| Apr 21 | Israeli MoD drone deal | Positive | +12.0% | XTEND landed $1.67M Israeli Ministry of Defense drone systems contract. |
Recent XTEND-related contract and merger headlines have generally been positive, but price reactions have been mixed, with both gains and pullbacks following favorable news.
In the past month, JFB has repeatedly highlighted XTEND’s growth and their pending business combination. On Apr 21, an Israeli Ministry of Defense drone contract of $1.67 million preceded a 12.01% gain. Subsequent XTEND contract wins of $2.2 million and $8.25 million, plus a Form S-4 filing and a Q1 115% revenue increase, saw mixed price reactions, underscoring inconsistent trading responses to otherwise constructive developments.
Market Pulse Summary
This announcement highlights XTEND’s continued penetration of global defense markets, adding an Asia-Pacific ISR order to recent European and Middle Eastern wins. It reinforces a deployed base of over 10,000 systems in more than 30 countries and supports the strategic rationale for JFB’s pending combination with XTEND. Investors may watch for closing of the merger, additional contract disclosures, and follow-on orders as key markers of commercial traction.
Key Terms
intelligence, surveillance, and reconnaissance (isr) technical
isr technical
gnss-denied technical
all-stock transaction financial
AI-generated analysis. Not financial advice.
Order reflects continued demand for compact autonomous intelligence, surveillance, and reconnaissance (ISR) capabilities in complex operational environments
TAMPA, Fla., May 14, 2026 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB) announced that XTEND, a leader in software systems and artificial intelligence-powered robotics, has secured a seven-figure order from a defense customer in the Asia-Pacific region for the delivery of compact autonomous intelligence, surveillance, and reconnaissance (ISR) systems. The order reflects growing international demand for deployable autonomous ISR systems designed for contested and GPS-constrained operational environments.
XTEND’s ISR systems are optimized for both indoor and outdoor operations. Built for rapid deployment and operational simplicity, they support real-time situational awareness in complex environments, including areas where GPS signals may be limited or unavailable. The systems are designed to operate with a high degree of autonomy, incorporating collision-tolerant design and advanced stabilization capabilities to support reliable mission execution in dynamic conditions.
“The Asia-Pacific region continues to be a strategically significant defense environment, and this order reflects the growing recognition among defense organizations that autonomous ISR capabilities are an operational necessity,” said Aviv Shapira, Co-Founder and CEO of XTEND. “Defense and security organizations are facing a new class of challenges that require autonomous, real-time response at the edge, and we are seeing strong demand for systems that can be rapidly deployed across different mission profiles, from confined indoor environments to complex outdoor operational scenarios. We are proud to support allied defense forces with systems that are battle-proven and ready to deploy.”
XTEND’s systems are powered by its proprietary XOS operating system, human-guided autonomy and real-time mission execution across defense applications. XOS supports seamless indoor and outdoor operations through a common ground control system, native GNSS-denied capability, and significantly reduced training requirements, reducing operator burden and supporting scalable deployment across diverse mission types.
The agreement further reflects XTEND’s continued expansion across international defense and security markets. With over 10,000 systems deployed across air, land, and sea in over 30 countries, XTEND has established partnerships with allied defense forces across the U.S., Europe, and beyond.
+++
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, Inc. and be listed on a U.S. national securities exchange under the symbol “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 will be discussed in the section entitled “Risk Factors” in the registration statement on Form S-4 to be 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 will include 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
