Key Takeaways

  • The US National Security Strategy prioritizes homeland defense and deterring China over Europe.
  • Europe needs to invest in munitions to keep America engaged.
  • The Ukraine/Russia conflict has highlighted the global supply crisis for artillery shells and missiles.

Strategic Implications

Hiring a CFO with EV manufacturing experience may indicate Joby is prioritizing production scaling and cost management. This suggests the company is positioning for the capital-intensive transition from certification to commercial operations. The milestone of 1,000 test flights demonstrates significant progress toward certification.