Merger to take drone firm public is latest business move by Eric Trump and Donald Trump Jr as father is in White House

March 9 (Reuters) - Aureus Greenway Holdings, a golf club company backed by the sons of U.S.

XTEND successfully showcased its multi-drone orchestration capabilities at the Creative Defense Foundation’s Disruptors in the Desert 2026. “XOS natively handles the heavy lifting of spatial cognition and autonomous data handoffs between Seeker and Effector; this cross-platform autonomous coordination entirely eliminates the friction of manual piloting,” said Aviv Shapira, Co-Founder and CEO of XTEND. “By reducing operator dependency and dramatically shortening deployment timelines, XOS enables

Israel-based Xtend has a contract with the Defense Department to provide the agency “lethality at low cost-per-kill,” the drone maker said in a November 2020 press release.

Eric Trump is positioning himself alongside a drone manufacturer at a time when federal policy may tilt more favorably toward the sector. Other investors in the deal include Unusual Machines Inc., a separate drone company that added Donald Trump Jr. as an adviser. Shares of JFB, which had climbed more than 450% since late September through last week, fell 43% to $17 on Tuesday, reflecting a sharp reset in investor sentiment following the announcement.

Eric Trump, son of U.S. President Donald Trump, is investing in a $1.5 billion merger between Israeli ‌drone maker XTEND and Florida-based JFB Construction Holdings in a ‌deal aimed at taking XTEND public. Drone maker Unusual Machines, which tapped Eric's brother ​Donald Trump Jr. in November 2024 as an advisor, is also investing in the merger, JFB said in a release on Tuesday.

Key Insights JFB Construction Holdings' significant individual investors ownership suggests that the key decisions are...

JFB Construction (JFB) announced that it has been awarded a contract of approximately $11 million for the construction of eight individual custom spec homes in Jupiter, Florida. “The contract is for the custom build of eight spec homes of approximately 4,000 to 5,000 square feet for each home,” said Chief Executive Officer Joseph F. Basile, III. “This project is another important part of the high-end residential construction segment of JFB, where we focus on custom home builds primarily in the S

“This achievement of an anticipated 40% increase in full year 2025 revenues as compared to full year 2024 revenues is another important milestone for our company, continuing the momentum of our most recent announcement of an anticipated 119% increase in Q4 2025 revenues as compared to Q4 2024 revenues,” said JFB CEO Joseph Basile, III. “Our growth in 2025 represents ongoing projects in several key business verticals, including hospitality, commercial retail, industrial, high-end residential and

When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase...