EQUIPThe Verge · 1h ago
Joby flexes military muscle with $500 million defense acquisition
Executive Brief
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Joby Aviation is acquiring defense firm Resonant Sciences for 500 million dollars to deepen its presence in the military market. The transaction utilizes a mix of 450 million dollars in cash and 50 million dollars in equity.
- 01Joby acquires Ohio-based Resonant Sciences to expand its footprint within the military industrial complex
- 02Total deal value reaches 500 million dollars using 450 million in cash reserves
- 03Remaining acquisition costs will be settled through 50 million dollars in company equity
- 04The move signals a strategic shift toward defense-sector applications for electric aircraft technology
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Business Travel Management 2026: Program Blueprint →AI-generated summary · Verify at source
Joby Aviation announced it was acquiring Dayton, Ohio-based defense firm Resonant Sciences in a $500 million deal, in a bid by the electric aircraft company to expand further into the military industrial complex. Joby says it expects to finance the deal with $450 million in cash and $50 million in equity. After the deal closes, […]