Joby Aviation Acquires Defense Firm Resonant Sciences for $500 Million

Joby Aviation Makes Strategic Move into Military Sector with $500 Million Acquisition

Electric aircraft company Joby Aviation has announced a significant expansion into the military industrial complex with the acquisition of Dayton, Ohio-based defense firm Resonant Sciences for $500 million. The deal, which is set to close in early 2027, marks a strategic move by Joby to tap into the defense market, a sector that has traditionally been dominated by incumbent players. To finance the acquisition, Joby will be using $450 million in cash and $50 million in equity.

Under the terms of the deal, Resonant Sciences will continue to operate as a dedicated defense division within Joby, building on its existing expertise in this area. Meanwhile, Joby's commercial division will remain focused on developing its air taxi services, with the first of these expected to launch later this year. This deal is the latest example of the growing trend of electric aviation companies looking to diversify their operations and expand into new markets.

The acquisition is a significant step forward for Joby Aviation, which has been at the forefront of the electric aviation revolution. With this deal, Joby is positioning itself as a major player in the military sector, while also continuing to drive innovation in the commercial air taxi space. As the aviation industry continues to evolve, it will be interesting to see how Joby's expanded capabilities and expertise will shape its future growth and development.