Xtend notched a multi-year contract valued at up to $15 million with the ministry of defense of a European member nation of the North Atlantic Treaty Organization. Real estate development and construction company JFB Construction Holdings, which plans to acquire Xtend in a deal expected to close on Sept. 8, said the contract secures about $4.5 million for the first year. The companies did not disclose the European NATO member involved in the contract. The contract comes as NATO members look for alternatives to Chinese-made commercial drone systems, the companies said. "Across NATO and allied markets, governments are reassessing the platforms they depend on and placing greater emphasis on trusted technology, secure supply chains and operationally proven systems," Xtend's Chief Executive Aviv Shapira said. "We see the same forces increasingly shaping the U.S. market, creating a significant opportunity for trusted alternatives." Xtend provides software, drones and robotics solutions that operate across defense, law enforcement and private security missions.

Multi-year contract, with approximately $4.5 million secured for the first year, highlights growing demand for trusted, allied-manufactured autonomous systems, with similar regulatory and procurement shifts creating significant opportunity in the U.S. XTEND Expected to Begin Trading on the NYSE Following September 8, 2026 Close of Merger TAMPA, Florida, Aug. 17, 2026 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB) announced today that XTEND, a leader in AI-powered autonomy and software-defined robotics, has entered into a multi-year contract valued at up to approximately $15 million with the Ministry of Defense of a European NATO member nation, with approximately $4.5 million secured for the first year, as allied governments increasingly seek trusted alternatives to Chinese-made commercial drone platforms. The contract comes amid a broader shift across NATO and allied markets toward trusted, allied-manufactured autonomous systems and more secure technology supply chains. XTEND believes this transition also represents a significant opportunity in the United States, where federal procurement requirements and restrictions on certain Chinese-manufactured drone systems are increasing demand for trusted alternatives across defense, homeland security and critical infrastructure applications.