XTEND, the AI‑powered robotics subsidiary of JFB Construction Holdings, secured a $1.67 million contract with the Israeli Ministry of Defense to supply drone systems and services, with delivery scheduled for 2026. The agreement was announced on April 21 2026 and marks XTEND’s first major contract with a foreign defense customer.
The contract expands XTEND’s footprint in the defense market and adds a new international customer to the combined entity that will emerge from the all‑stock merger between JFB and XTEND, which is slated to be renamed XTEND AI Robotics and trade under the ticker XTND. The deal underscores XTEND’s ability to win government contracts and provides a tangible revenue stream that supports the merger narrative and the combined company’s growth strategy.
XTEND’s leadership highlighted the contract’s alignment with modern defense needs. Co‑founder and CEO Aviv Shapira said, "This agreement reflects the evolving needs of modern defense forces for systems that can be quickly deployed and used in operational environments." The contract demonstrates XTEND’s track record of deploying AI‑enabled drone systems in combat zones and its expanding global customer base of approximately 30 countries, with more than 10,000 systems deployed worldwide.
JFB Construction Holdings, which has been growing its core construction business with a 32% revenue increase in 2025, is positioning the merger to diversify beyond real estate and construction. The company’s FY2025 operating profit was negative, but the addition of XTEND’s defense contracts is expected to improve the combined entity’s revenue mix and provide a higher‑margin business line that can offset the lower‑margin construction operations.
The announcement reinforces investor confidence in the merger, as it provides evidence of XTEND’s commercial traction and the potential for the combined company to scale its AI‑driven defense technologies in the United States and globally. The contract also signals that the Israeli Ministry of Defense is willing to engage with a U.S.‑based AI robotics firm, which could open doors to further defense opportunities in the region.
Overall, the $1.67 million contract is a positive milestone for XTEND and JFB Construction Holdings, strengthening the strategic rationale for the merger and adding a new revenue stream that complements the combined company’s diversified portfolio. The deal demonstrates XTEND’s ability to secure government contracts and positions the merged entity for future growth in the defense technology sector.
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