{"id":816992,"date":"2026-06-02T06:20:03","date_gmt":"2026-06-02T06:20:03","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=816992"},"modified":"2026-06-02T06:20:03","modified_gmt":"2026-06-02T06:20:03","slug":"xtend-selected-for-phase-ii-qualifier-of-us-department-of-defense-drone-dominance-program","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/xtend-selected-for-phase-ii-qualifier-of-us-department-of-defense-drone-dominance-program_816992.html","title":{"rendered":"XTEND Selected for Phase II Qualifier of U.S. Department of Defense Drone Dominance Program"},"content":{"rendered":"
\"XTEND<\/a><\/div>\n
\u201cXTEND\u2019s advancement into the next phase of the Drone Dominance Program represents meaningful validation of the company\u2019s autonomous systems, operational capabilities and growing role within the U.S. defense ecosystem,\u201d said Joseph F. Basile, III, Chief Executive Officer of JFB Construction Holdings. \u201cWe believe this initiative reflects the Department of Defense\u2019s increasing focus on scalable autonomous technologies, and XTEND is well positioned to support that evolving operational need.\u201d<\/div>\n

JFB Construction Holdings (NASDAQ: JFB), which has a pending merger with XTEND, recently (May 28th) announced that XTEND was selected among a limited group of companies invited to participate in the Phase II Qualifier of the U.S. Department of Defense’s Drone Dominance Program (DDP). The qualifier event is expected to take place this summer at Camp Grayling, Michigan.<\/p>\n

The Drone Dominance Program is a large-scale U.S. defense initiative designed to accelerate the deployment of next-generation autonomous drone technologies across the military, targeting the procurement of more than 200,000 drones by 2027 for deployment across complex operational environments.<\/p>\n

During the qualifier, XTEND expects to demonstrate its proprietary XOS operating system — a platform engineered to enable scalable, human-guided autonomous operations across complex and contested environments. The XOS platform is purpose-built for defense, national security, and public safety missions, designed to enhance operator effectiveness while reducing risk to personnel in high-threat settings.<\/p>\n

XTEND reports over 10,000 systems deployed across more than 30 countries, with operational validation in five combat zones by national defense, special-mission units, and security organizations globally. The company’s solutions are NDAA-compliant and manufactured through its XFAB network in the U.S., U.K., Singapore, Israel, and Latvia.<\/p>\n

Following the expected close of the JFB\/XTEND merger in mid-2026, the combined entity is expected to relist on a U.S. national securities exchange as XTEND AI Robotics under ticker symbol XTND. The transaction is supported by strategic investments from Eric Trump, Unusual Machines, American Ventures LLC, Protego Ventures, and Aliya Capital.<\/p>\n

The defense autonomous systems sector has attracted significant investor attention, with several publicly traded peers carrying substantial market valuations. AeroVironment Inc. (Nasdaq: AVAV), a manufacturer of unmanned aircraft systems, carries a market capitalization of approximately $8.1 billion. Kratos Defense & Security Solutions Inc. (Nasdaq: KTOS), which operates across unmanned systems, turbine technologies, and space ground management, is valued at approximately $10.4 billion. Ondas Inc. (NASDAQ: ONDS), focused on autonomous drone interceptors and counter-drone defense technology, carries a market capitalization of approximately $4.7 billion. Red Cat Holdings Inc. (NASDAQ: RCAT), which develops software systems for drone navigation, mapping, and robotics, is valued at approximately $1.3 billion. Swarmer Inc. (NASDAQ: SWMR), a developer of autonomous drone swarm software and battlefield AI solutions, carries a market capitalization of approximately $350 million. Taylor Devices Inc. (NASDAQ: TAYD), which manufactures shock absorption, rate control, and energy storage devices with defense applications, is valued at approximately $166.6 million. Rocket Lab Corp. (Nasdaq: RKLB), which provides space-launch systems and satellite infrastructure, carries a market capitalization of approximately $77 billion. Against this backdrop, XTEND — pending its relisting as XTND — enters the public markets at an early-stage valuation with an operational track record spanning more than 30 countries and five combat zones, positioning it as a differentiated emerging player in the defense autonomy space.<\/p>\n

DISCLAIMER & COMPENSATION DISCLOSURE<\/strong><\/p>\n

This communication is a paid promotional investor awareness advertisement and should not be considered independent financial research, analyst coverage, or investment advice. USAStockReport.com and\/or its parent, affiliate, or publishing entity Akchirpy Media LLP has received compensation of up to $6,750 via wire from FinnCom, Inc. for content creation, marketing, advertising, and distribution services relating to JFB Construction Holdings, Inc. (Nasdaq: JFB) during the period of May and June 2026. No stock, options, warrants, or other securities compensation has been received. Neither USAStockReport.com, Akchirpy Media LLP, nor any of their owners, employees, contractors, or affiliates are registered broker-dealers, investment advisers, or securities analysts with the U.S. Securities and Exchange Commission or any state securities regulator. This communication relates to a proposed transaction between JFB Construction Holdings, Inc. (“JFB”) and XTEND AI Robotics Ltd. (“XTEND”). The proposed transaction remains subject to customary closing conditions, regulatory review, approvals, and definitive documentation, and there can be no assurance that the transaction will be completed on the anticipated terms or at all. In connection with the proposed transaction, JFB expects to file relevant materials with the SEC, including registration statements, proxy materials, and\/or other offering documents as applicable. Investors and security holders are strongly encouraged to read these materials when they become available. Copies of SEC filings may be obtained free of charge from the SEC EDGAR database at www.sec.gov<\/a>. Information contained in this communication is derived from publicly available sources, including SEC filings, company press releases, and public disclosures believed to be reliable; however, such information has not been independently verified by the publisher, and no representation or warranty is made regarding its accuracy, completeness, or timeliness. This communication should not be relied upon as a substitute for reviewing original source documents. This communication may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and estimates and involve known and unknown risks and uncertainties that may cause actual results to differ materially. These risks include, without limitation, failure to complete the proposed transaction, regulatory or shareholder approval risks, financing risks, changing market conditions, competitive pressures, geopolitical developments, defense procurement uncertainty, and other risks described in SEC filings. No obligation is undertaken to update forward-looking statements except as required by law. This communication is for informational advertising and investor awareness purposes only. Nothing contained herein constitutes investment advice, securities research, a recommendation to buy, sell, or hold any security, or legal, tax, accounting, or financial advice. Investing in securities involves substantial risk, including possible total loss of capital. Readers should conduct their own independent due diligence and consult qualified financial professionals before making any investment decision. This communication does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction where such offer or sale would be unlawful. The information contained in this article is derived exclusively from public press releases, SEC filings, and other official disclosures issued by JFB Construction Holdings, Inc. and XTEND AI Robotics Ltd. The information contained in this article is derived exclusively from public press releases, SEC filings, and other official disclosures issued by JFB Construction Holdings, Inc. and XTEND AI Robotics Ltd. No independent verification has been performed by the publisher. This content has been reviewed and approved for distribution by FinnCom, Inc., the compensating third party.<\/p>\n

Sources:<\/strong><\/p>\n

https:\/\/finance.yahoo.com\/sectors\/technology\/articles\/xtend-secures-seven-figure-defense-123000001.html<\/p>\n

https:\/\/finance.yahoo.com\/sectors\/technology\/articles\/jfb-announces-xtend-uk-expansion-123000053.html<\/p>\n

https:\/\/money.usnews.com\/investing\/articles\/best-drone-stocks-to-buy<\/p>\n

https:\/\/www.wsj.com\/politics\/national-security\/trump-us-drone-company-funding-cadef1f7<\/p>\n

Media Contact<\/span>
Company Name:<\/strong> UsaStockReport
Contact Person:<\/strong> Ash K
Email:<\/strong> editor@usastockreport.com
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Country:<\/strong> United States
Website:<\/strong> https:\/\/usastockreport.com\/<\/a><\/p>\n

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\u201cXTEND\u2019s advancement into the next phase of the Drone Dominance Program represents meaningful validation of the company\u2019s autonomous systems, operational capabilities and growing role within the U.S. defense ecosystem,\u201d said Joseph F. Basile, III, Chief Executive Officer of JFB Construction … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[401,425,426,427,404],"tags":[],"class_list":["post-816992","post","type-post","status-publish","format-standard","hentry","category-Business","category-Finance","category-Financial-Market","category-Personal-Finance","category-US"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/816992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=816992"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/816992\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=816992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=816992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=816992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}