What Happened
Air Taxi Maker Buys Defense Technology Company for $500 Million
Joby Aviation has announced the acquisition of Resonant Sciences, a defense technology company, for approximately $500 million. The move is expected to create a dedicated defense business unit within Joby, focusing on the development of dual-use turbine-electric and hydrogen-electric aircraft, as well as autonomy technology. With the acquisition, Joby will gain access to Resonant’s advanced RF and mission systems, and the combined company will have around 1 million square feet of manufacturing space. This development was reported by Design and Development Today.