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Eric Trump invests in Israeli drone maker XTEND's merger with Florida construction firm
Eric Trump leads $152 million pre-IPO funding and $1.5 billion merger to list XTEND AI Robotics on Nasdaq, expanding U.S. drone manufacturing for Pentagon and NATO clients.
- On Tuesday, Eric Trump invested in a $1.5bn merger to combine Israeli drone maker XTEND with Florida-based JFB Construction Holdings and take XTEND public.
- Defense demand and prior Pentagon contracts prompted the push to scale US manufacturing, as XTEND was selected this month for the Defense Department’s Drone Dominance Program and secured Pentagon contracts, including an $38.1 million deal in December 2024.
- The merger is supported by a $152 million pre-IPO investment, leaving XTEND shareholders with 70% and JFB shareholders with 30%.
- Renewing scrutiny, ethics experts said the deal raises conflict-of-interest concerns as the Trump family expanded ventures, including about $800 million in crypto sales, with Stefan Passantino and Donald Trump Jr. involved.
- The companies expect the merger to close by mid-2026, with XTEND AI Robotics renamed and listed on Nasdaq under ticker XTND, expanding NDAA-compliant production at Tampa and accelerating deliveries to the United States, NATO allies, and Asia.
22 Articles
22 Articles
Trump's Son Invests In Israeli 'Low Cost-Per-Kill’ Drone Company - The Ron Paul Institute for Peace & Prosperity
Advertised as “battle tested in Gaza,” President Trump’s son Eric is buying a piece of an Israeli company specializing in making it cheaper to kill people via drone. As his father, President Trump, moves to start a major war against Iran, Eric’s investment may well fatten the family coffers significantly. Also today: Trump set to pull the trigger on America’s biggest war in decades.
Eric Trump Invests in ‘Low Cost Per Kill’ Drone Company
“Eric Trump is pouring money into a sector that is a growing focus of the Pentagon his father oversees: drones,” the Wall Street Journal reports. “The president’s son is investing in the Israeli drone maker Xtend as part of a $1.5 billion deal to take the company public through a merger with a small Florida construction company.”
Eric Trump, son of U.S. President Donald Trump, invests in Israel's XTEND drone manufacturer as part of a $1.5 billion deal to get the company on the stock market.Read more
Washington, Feb 17 (EFE).- Eric Trump, son of US President Donald Trump, will invest in a $1.5 billion merger between the Israeli manufacturer of Xtend drones and the US builder JFB Construction Holdings. Eric Trump, the president’s second son, actively participates in the transaction by contributing capital to the merger, which combines Xtend’s advanced technology with JFB’s infrastructure and development experience, the company reported in a s…
Israeli drone operating system company Xtend will enter the Nasdaq at $1.5B
Company will merge with New York-listed JFB; merger includes $152 million pre-IPO investment; investors include Eric Trump and Protego Defense Fund, which also led the previous round of investment in Xtend
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