Israeli drone maker XTEND secures up to $15M NATO contract for defense drones, which could broaden its market possibilities and offers immediate revenue of $4.5M in the first year.
PRIVATEAug 19, 2026•about 4 hours ago
Amount Raised
$15 Million
Round Type
Venture - Series Unknown
Software
Description
Israeli autonomous-drone company XTEND has secured a multi-year contract worth up to approximately $15 million with a European NATO member's Ministry of Defense. This initial agreement includes about $4.5 million secured for the first year. The contract highlights a broader shift in Western militaries towards alternatives to Chinese drone platforms. XTEND aims to expand its market with its innovative operating system and secure production infrastructure.
Company Information
Company
Xtend
About
Xtend is a controversial drone company that provides a platform for managing drones and robots developed in-house and by third-party vendors. It has contracts with the Israel Defense Forces (IDF) and the U.S. Department of Defense to develop and deliver its systems.
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