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JFB–XTEND Merger Puts Israeli Defense Robotics on Wall Street

Israeli defense tech firm XTEND merges with JFB Construction for $1.5 billion, creating Nasdaq-listed XTEND AI Robotics focused on AI-driven autonomous defense.

February 18, 2026 at 9:40 am Pesach Benson Business

Jerusalem, 18 February, 2026 (TPS-IL) — JFB Construction Holdings has announced a $1.5 billion all-stock merger with XTEND, an Israeli-founded defense technology company, creating a Nasdaq-listed firm focused on AI-driven autonomous defense robotics. The combined company, to be renamed XTEND AI Robotics, will trade under the ticker XTND following an expected mid-2026 closing.

XTEND, co-founded and led by Israeli CEO Aviv Shapira, brings battlefield-tested autonomous systems built on its proprietary XOS platform.

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