XTEND signs $11 million UAV manufacturing deal with India's Rayonix

XTEND, a robotics company owned by JFB Construction Holdings (NASDAQ: JFB), signed an $11 million manufacturing and distribution agreement with India-based defense technology company Rayonix Tech Private Limited. The deal makes Rayonix the exclusive manufacturing and distribution partner for selected XTEND platforms in India.

Under the agreement, Rayonix will establish localized manufacturing, testing, and distribution capabilities for unmanned aerial vehicle systems powered by XTEND's XOS operating system. The $11 million in payments and exclusive rights are subject to meeting commercial performance milestones and regulatory compliance requirements.

The partnership includes a technology transfer and operational enablement program. XTEND's XOS operating system will serve as the software backbone of UAV systems manufactured by Rayonix in India, enabling human-guided autonomy across multi-domain robotic systems.

"India represents one of the fastest growing defense technology markets globally, with increasing demand for sovereign manufacturing and AI-enabled autonomous systems," said Aviv Shapira, CEO and Co-Founder of XTEND.

Amit Pande, Managing Director of Rayonix Tech Private Limited, said the partnership represents "an important step toward bringing XTEND's battle-proven autonomous capabilities to India" through localized manufacturing.

XTEND operates across defense, law enforcement, and private security missions with over 10,000 systems deployed in over 30 countries. The company maintains manufacturing facilities in the U.S., U.K., Singapore, Israel, and Latvia.

JFB Construction Holdings is a real estate development and construction company that has provided services in 36 U.S. states. Rayonix Tech Private Limited specializes in AI-driven systems for defense applications.

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