What Happened
Electric Aircraft Company Expands Military Capabilities
Joby Aviation has announced the acquisition of Dayton, Ohio-based defense firm Resonant Sciences in a $500 million deal, aiming to expand its defense business. Resonant Sciences develops systems that help aircraft operate in complex environments, including war zones. The acquisition will allow Joby to combine its propulsion and autonomy tech with Resonant’s radio frequency, sensing, and mission systems capabilities. Joby has long had ties to the military and sees this deal as a way to shore up its defense business, as reported by The Verge.