JFB Construction Holdings (NASDAQ:JFB) surged 2.29% to $6.26 in the pre-market session on Wednesday after its merger partner, Israeli drone maker XTEND, became the first U.S. company to receive U.S. Army Fuze Safety Board approval for its first-person view attack drone high-voltage safety system.
XTEND’s high-voltage safety system moves critical safety and arming functions into software, designed to eliminate the need for separate payload specialists and reduce preparation time through automated countdown and software-driven arming.
Defense Tailwinds Strengthen Merger Thesis
According to JFB Construction, U.S. defense budgets for tactical strike and unmanned systems programs are projected to exceed $100 billion annually in the coming years.
“This approval validates both our technology and the market shift …
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