Xtend Gets $2.35 Million Middle East Defense Order for Drone Systems

10:44 AM EDT, 10/27/2026 (MT Newswires) -- Xtend AI Robotics (XTND) secured a $2.35 million order from a Middle Eastern defense customer for its SCORPIO 1000 drone systems and XOS software licenses, the company said Tuesday. The company reported preliminary, unaudited nine-month revenue of $24.5 million to $26.5 million, exceeding full-year 2025 revenue, and an AI Robotics segment backlog of about $84 million as of Sept. 30, excluding the new order. Xtend said the order supports its strategy of pairing standardized drone platforms with XOS software licenses to expand potential recurring software revenue. The company expects to report Q3 results on Nov. 16. Xtend AI Robotics shares were down more than 11% in early Tuesday morning trading. Price: 1.93, Change: -0.25, Percent Change: -11.47