JFB Construction and XTEND agree to $1.5 billion defense robotics merger
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JFB and XTEND Announce $1.5B Business Combination to Establish a Nasdaq-Listed US Leader in AI-Driven Autonomous Defense Robotics
February 17, 2026 9:00 AM ESTStrategic investors in the merger include Eric Trump, Unusual Machines (NYSE: UMAC), American Ventures, LLC, Protego Ventures, Aliya Capital and Agostinelli Group.Implied acquisition value of $1.5 billion, based on the price paid per share in concurrent private placement.Merger to create an autonomous defense and security systems company combining AI-driven robotic operating system with established US operating and infrastructure capabilities, strengthening the security of the United States and its allied... More
