What Happened
Electric Air Taxi Maker Expands Defense Capabilities
Joby Aviation, Inc. has announced a definitive agreement to acquire Resonant Sciences, a defense technology company, for approximately $500 million. The acquisition will expand Joby’s defense business and create a scaled defense growth platform. Resonant will become Joby’s dedicated defense unit, operating under its existing name and leadership. The combination is expected to accelerate the development of autonomous systems for defense customers, as reported by Engineering.com.