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Air taxi firm Joby acquires defense tech company for $500 million
Aug 11 : Joby Aviation said on Tuesday it would buy defense technology company Resonant Sciences for about $500 million, as it looks to scale its business in a growing defense market.Electric vertical take-off and landing aircraft (eVTOL) companies are focusing more on the military market amid ramped-up defen
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theverge.com
Joby flexes military muscle with $500 million defense acquisition
The eVTOL company is trying to shore up its defense business with the acquisition of the Dayton, Ohio-based firm.
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axios.com
Joby builds defense muscle with $500M buy of Resonant Sciences
The deal is expected to close in the first half of 2027 and will be funded via cash and common stock.
