Defence technology company XTEND and JFB Construction Holdings have announced a US$1.5 billion all-stock merger to create XTEND AI Robotics, a publicly traded company focused on AI-powered autonomous systems for defence, security and public safety applications.
Defence technology company XTEND and JFB Construction Holdings have announced a US$1.5 billion all-stock merger to create XTEND AI Robotics, a publicly traded company focused on AI-powered autonomous systems for defence, security and public safety applications.
Subject to regulatory approval and customary closing conditions, the transaction is expected to complete in mid-2026.
At the heart of the business is XTEND’s software platform, the XTEND Operating System (XOS), which enables operators to manage multiple air, ground and maritime robotic systems from a unified platform. The merger is designed to accelerate deployment of autonomous capabilities while expanding US-based manufacturing and strengthening the company’s position in the global defence technology market.
The companies said the transaction will support the creation of a Nasdaq-listed defence robotics company focused on AI-driven autonomous systems, while increasing production capacity and expanding sales across the United States, NATO allies and other partner nations.
Under the proposed ownership structure, existing XTEND shareholders are expected to hold approximately 70% of the combined company, while existing JFB shareholders are expected to own around 30% on a fully diluted basis, excluding certain future equity incentive plans.
XTEND AI Robotics will be led by XTEND CEO Aviv Shapira. The company plans to scale operations through expanded manufacturing, enhanced US operating infrastructure and improved access to public capital, supporting continued investment in advanced autonomous technologies for government, defence and public safety customers worldwide.
