Eric Trump Invests in Xtend for $1.5 Billion Merger with JFB Construction to Go Public
DEFENSE
Eric Trump is investing in Israeli drone maker Xtend as part of a $1.5 billion merger with JFB Construction, aiming to take Xtend public. This deal, which includes backing from Unusual Machines, highlights potential conflict-of-interest concerns as it aligns with the Trump family's expanding defense portfolio amid his father's presidency. Xtend has secured contracts with the Pentagon and is participating in the Defense Department's Drone Dominance Program, which seeks to acquire low-cost military drones.

Feb 18, 2026, 11:00 AM