Israeli Drone Firm XTEND to Debut on NYSE After $1.5 Billion Merger
Summarized from The Jerusalem Post by baba
Israeli drone company XTEND will begin trading on the Nasdaq this Friday, September 2, 2026, at a $1.5 billion valuation after merging with JFB Construction Holdings. The company specializes in autonomous systems for defense and aims to expand its US manufacturing capacity.
The story in 5 lines · by baba
- XTEND will trade on Nasdaq starting September 2, 2026, valued at $1.5 billion.
- The company specializes in human-guided autonomous machine systems for defense.
- XTEND pivoted from gaming to defense after October 7.
- It has deployed over 12,500 systems in more than 30 countries.
- The company has headquarters in Florida and facilities in Israel and other countries.
The Jerusalem Post publishes in English. The key points are summarized above. Read The Jerusalem Post’s full report from the link at the top of the page.
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