Jun. 9 at 2:51 PM
JFB Construction Holdings (NASDAQ: JFB) rose on Tuesday after merger partner XTEND secured a multibillion-dollar defense contract to deliver over 100 Scorpio drone systems to a customer in the Asia-Pacific region. The deal marks XTEND’s largest Asia-Pacific agreement to date and expands deployment of its XOS operating system for autonomous robotics across air, land, and maritime platforms.
Deliveries are expected to begin in 2026 and continue through 2027. XTEND’s XOS software integrates AI, onboard autonomy, and human oversight to enable coordinated multi-domain mission execution. The company says its systems are already deployed in more than 30 countries, with over 10,000 units in active use across defense, security, and special operations.
JFB and XTEND signed a definitive all-stock merger agreement on February 17, 2026.
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