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.