XTEND Secures $1.67M Contract with Israeli Ministry of Defense
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 21 2026
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Should l Buy JFB?
JFB Construction announces that XTEND has secured a contract with the Israeli Ministry of Defense, IMOD, to supply drone systems and services, with a total contract value of approximately $1.67M. Delivery is expected during 2026. "This agreement reflects the evolving needs of modern defense forces for systems that can be quickly deployed and used in operational environments," said Aviv Shapira, Co-founder and CEO of XTEND. "XTEND is currently engaged with multiple defense customers across 30 countries, with additional contracts anticipated in 2026 , including larger-scale programs."
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About JFB
JFB Construction Holdings is a commercial and residential real estate construction and development company. It provides services to commercial and residential markets, such as retail corporate buildouts, multifamily community developments and luxury residential homes. Its segments include Commercial Construction, Residential Construction and Real Estate Development. Its Commercial Construction segment includes all activities related to the construction of commercial properties such as office buildings, retail spaces, and industrial facilities. Its Residential Construction segment is focused on the construction of residential properties, including single-family homes and multifamily units. Within this segment, it provides custom-designed homes and remodels. Its Real Estate Development segment includes the acquisition, development, and sale of real estate properties. Its Real Estate Development segment is concentrated in South Florida, and in other Southern and United States markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Technological Edge: XTEND's systems leverage its proprietary XOS operating system, enabling human-guided autonomy and real-time mission execution, allowing for coordinated operations across multiple robotic systems, thereby enhancing operational efficiency and flexibility in complex environments.
- Market Trend Shift: This order reflects the accelerating acceptance of autonomous systems by defense organizations, marking a structural shift towards large-scale deployment, with XTEND's influence in the global defense market continuing to grow.
- Strategic Investment Support: The merger with JFB Construction Holdings is further backed by investors like Eric Trump, and the combined entity is expected to be renamed XTEND AI Robotics, enhancing market competitiveness and resource integration capabilities.
See More
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- Significant Contract Value: XTEND has secured a contract worth approximately $2.2 million from a leading defense customer in the Middle East to develop advanced autonomous aerial defense systems, enhancing the company's market position in the defense sector.
- Demand for Technological Innovation: The rapid increase of low-cost, high-capability airborne threats has created an urgent need for new aerial defense solutions, and XTEND's systems leverage its proprietary XOS operating system to enable human-guided autonomy, addressing this market demand.
- Strategic Market Expansion: This contract marks XTEND's expansion into advanced autonomous aerial defense and counter-UAS mission domains, further solidifying its operational deployment record among global defense customers and is expected to drive future business growth.
- Addressing Complex Challenges: CEO Aviv Shapira emphasized that defense organizations face new challenges requiring autonomous systems for real-time response, and the company's technological innovations will help clients effectively counter these complex airborne threats, enhancing their defense capabilities.
See More
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- International Collaboration Expansion: Currently, XTEND is working with defense clients in 30 countries and anticipates more and larger deals in 2026, indicating the company's growing influence in the global defense market.
- Merger Plans Advancing: JFB Construction and XTEND are set to merge in an all-stock deal, with the new entity to be listed in the U.S. as XTEND AI Robotics, a strategic move that will enhance the company's visibility and financing capabilities in the capital markets.
- Positive Market Reaction: Following the merger and contract announcements, XTEND's stock has seen an uptick, reflecting market optimism regarding the company's future prospects in the drone and defense technology sectors.
See More
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- Significant Market Potential: XTEND's high-voltage safety system for FPV attack drones has received approval from the U.S. Army, marking the company's leadership in a tactical strike and defense systems market projected to exceed $100 billion, demonstrating strong market validation of its technology.
- Substantial Funding Support: In FY26, over $1.5 billion has been allocated for related attritable and loitering systems, which not only secures funding for XTEND's product development but also reflects strong market demand for its innovative solutions.
- Operational Efficiency Gains: By moving critical safety and arming functions into software, XTEND's high-voltage safety system simplifies operational processes, reduces the need for additional personnel, and enhances operational tempo, thereby decreasing complexity in deployment.
- Strategic Merger Prospects: The merger with JFB Construction Holdings is expected to further propel XTEND's expansion in the defense sector, with plans to rebrand as XTEND AI Robotics and list on a U.S. national securities exchange, thereby strengthening its competitive position in the market.
See More
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- Approval of Safety System: The U.S. Army Safety Board has approved a safety system for FPV drones.
- Construction Holdings: The approval is part of ongoing developments in construction and drone safety initiatives.
See More
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- Partnership Announcement: ParaZero Technologies has partnered with JFB Construction Holdings and XTEND to integrate its DefendAir net-launching system onto XTEND's Scorpio 1000 drone platform, enhancing operational capabilities and agility in complex environments.
- Technology Integration: This collaboration combines ParaZero's reliable capture solution with XTEND's high payload capacity and superior maneuverability, aiming to advance global drone interception technology and deliver unprecedented battlefield capabilities.
- Market Reaction: Following the announcement, ParaZero's shares rose by 2% in early trading, indicating a positive market response and potentially boosting investor confidence in the company's future growth prospects.
- Industry Outlook: By partnering with JFB and XTEND, ParaZero solidifies its strategic position in the drone interception technology sector, likely attracting more military and commercial clients and enhancing its competitiveness in the rapidly evolving drone market.
See More
