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JFB (NASDAQ: JFB) Announces XTEND Delivery of Tactical Drone Systems Under Defense Contract Valued at Up to $25 Million
Initial shipment of combat-proven systems delivered under an $8M defense contract (expandable to $25M) with a government defense customer in the Middle East,
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[{"type":"text","content":"Initial shipment of combat-proven systems delivered under an $8M defense contract (expandable to $25M) with a government defense customer in the Middle East, with production ramp underway to fulfill orders for 5,000 systems and an option for up to 10,000 additional units. TAMPA, Fla., March 09, 2026 (GLOBE NEWSWIRE) -- JFB (NASDAQ: JFB) today announced XTEND’s successful delivery of tactical drones as part of an $8M defense contract, expandable up to $25M overall. The initial contract is for the supplying of 5,000 combat-proven systems with an option for 10,000 more. XTEND is rapidly scaling production to meet urgent operational demands in the Middle East. Next shipment is already in production. The contract reflects the accelerating demand for rapidly deployable robotic systems in modern operational environments. The initial delivery marks the first phase of a broader production program as XTEND continues to scale manufacturing capacity to meet urgent operational requirements. The systems delivered under the contract are combat-proven tactical drones designed for rapid deployment and operation in complex environments. Built as man-portable platforms capable of being operated by a single soldier, the systems provide real-time situational awareness and precision operational capability while maintaining a minimal logistical footprint. XTEND’s robotic platforms are powered by its XOS operating system, enabling advanced robotics capabilities and forming the foundation of a scalable autonomy platform that can support multiple robotic systems and mission profiles. “Operational demand for robotic systems is expected to continue to grow rapidly across defense organizations worldwide,” said Aviv Shapira, CEO of XTEND. “These deliveries demonstrate our ability to move quickly from development to scaled production and support urgent operational requirements. At the same time, the future of robotics will not be defined only by how many drones can be deployed, but by how intelligently those systems can be controlled and integrated into operational environments. Our focus remains on combining scalable robotic platforms with advanced autonomy through XOS.” +++ As announced on February 17, JFB Construction Holdings (Nasdaq: JFB) and XTEND entered into a definitive agreement to combine with XTEND in an all-stock transaction. The business combina...