JFB Construction reports 32% revenue growth, plans $1.5B XTEND merger

JFB Construction Holdings (NASDAQ: JFB) reported a 32% increase in 2025 year-end revenues compared to 2024, according to a company statement.

Chief Executive Officer Joseph F. Basile III attributed the revenue growth to construction projects across hospitality, commercial retail, industrial, high-end residential and real estate development sectors.

The company announced in February 2026 that it entered into a definitive agreement to merge with XTEND, described as a software-first defense technology company, in a transaction valued at $1.5 billion. The merger is expected to close by the end of the second quarter of 2026.

Following the completion of the business combination, the joint company is expected to be renamed XTEND AI Robotics and listed on NASDAQ under the ticker "XTND."

XTEND operates in artificial intelligence-powered robotics and software systems for defense, law enforcement, and private security applications. The company states it has deployed over 10,000 systems in more than 30 countries and operates manufacturing facilities in the United States, United Kingdom, Singapore, Israel, and Latvia.

JFB Construction Holdings provides general contracting and construction management services across 36 U.S. states. The company has established headquarters and a production facility in Tampa, Florida.

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