Business
JFB Construction Announces 32% Increase in 2025 Year End Revenues as Compared with 2024 Year End Revenues
$1.5 billion anticipated merger with XTEND establishes Nasdaq-Listed US leader inAI-driven autonomous defense robotics anticipated to close by Q2 2026 TAMPA,
About this update from Jfb Construction Holdings
[{"type":"text","content":"$1.5 billion anticipated merger with XTEND establishes Nasdaq-Listed US leader inAI-driven autonomous defense robotics anticipated to close by Q2 2026 TAMPA, Fla., April 07, 2026 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB) and XTEND, a leader in software systems and artificial intelligence-powered robotics, today announced that JFB’s 2025 year end revenues increased by 32% as compared to 2024 year end revenues. “Our revenue growth in 2025 is attributed to completed and ongoing construction projects in several key business verticals, including hospitality, commercial retail, industrial, high-end residential and real estate development,” said Joseph F. Basile III, JFB’s Chief Executive Officer. On February 17, 2026 the Company announced that it entered into a definitive agreement to combine with XTEND, a software-first defense technology company anchored by its AI XTEND Operating System (XOS) in a transaction valued at $1.5 billion. “We have established headquarters and a production facility in Tampa, FL, and our future new company, with an implied acquisition value of $1.5 billion, expects to be well-positioned to become a leading US provider of AI-driven autonomous defense and security solutions to customers in the US, NATO allies, and Asia,” added Mr. Basile. “We believe that our expertise in infrastructure and construction buildout will accelerate manufacturing and scale production of our next generation defense technology platform while strengthening the security of the United States and its allies. “Our anticipated merger with XTEND is a significant accomplishment for JFB, and we anticipate the combination of the two companies will close by the end of Q2 2026,” concluded Mr. Basile. Following the closing of the business combination, the joint company is expected to be renamed XTEND AI Robotics and be listed on Nasdaq under the ticker “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, d...