XTEND, JFB merger partner, wins US Army Fuze Safety Board approval for FPV drones

Reuters03-30

XTEND, JFB merger partner, wins US Army Fuze Safety Board approval for FPV drones

JFB Construction Holdings deal target XTEND received limited operational assessment from U.S. Army Fuze Safety Board for its high-voltage safety and arming system for FPV attack drones.
XTEND becomes first U.S. company to secure U.S. Army Safety Board clearance for FPV drone safety component.
Announcement cited more than $1.5 billion in FY26 U.S. funding for loitering munitions and related attritable unmanned strike systems.
JFB signed definitive all-stock business combination with XTEND; combined company expected to trade under ticker XTND.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. JFB Construction Holdings published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603300830PRIMZONEFULLFEED9680695) on March 30, 2026, and is solely responsible for the information contained therein.

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