JFB CONSTR. HLDGS O.N.

President Trump signed an order imposing 100% tariffs on drones over 25 kg, drones equipped with thermal imaging, their docking stations and critical components; smaller drones and other components will face 25% tariffs. Most provisions take effect within 21 days. JFB Construction Holdings cites national security risks as the rationale and sees the move as creating risks for the industry. XTEND, which produces U.S. defense‑adjacent drone technology, and JFB have announced a merger to be completed on September 1, 2026, after which the combined company will be renamed XTEND AI Robotics. » More on de.investing.com

JFB Construction’s stock climbed about 3.2% after merger partner XTEND secured a defense contract for more than 100 Scorpio drone systems in the Asia-Pacific region worth roughly $3 million. Deliveries are scheduled to begin in 2026 and continue through 2027; the systems are powered by the XOS operating system for autonomous robotics. JFB and XTEND signed a merger agreement on February 17, 2026; the combined company is set to be renamed XTEND AI Robotics and traded under the ticker XTND. » More on de.investing.com

JFB Construction's stock climbed 20% after XTEND, the planned merger partner, was selected for Phase II of the US defense program "Drone Dominance." The program aims to procure more than 200,000 drones by 2027; the Phase II qualification event is scheduled for this summer at Camp Grayling, Michigan. JFB announced the merger with XTEND earlier this year; XTEND's listing through the merger is expected by mid-2026. XTEND develops AI-enabled autonomous robotics and operates the XOS operating system for human-supervised autonomous platforms. » More on de.investing.com