Joby Aviation Acquires Defense Firm Resonant Sciences for $500 Million
Joby Aviation announced its acquisition of defense firm Resonant Sciences for $500 million, signaling a strategic expansion into the military industrial complex.
Electric aircraft manufacturer Joby Aviation has agreed to acquire Dayton, Ohio-based defense firm Resonant Sciences for $500 million. This move represents a significant push by Joby to expand its footprint within the military industrial complex.
The acquisition, expected to close in early 2027, will be financed with $450 million in cash and $50 million in equity. Following the closure, Resonant Sciences will operate as Joby's dedicated defense division, continuing its existing work.
Concurrently, Joby's commercial division will maintain its focus on air taxi services, with initial operations slated for launch later this year. The deal highlights a trend among emerging aviation companies to diversify their applications and customer base.
By integrating Resonant Sciences, Joby aims to leverage defense sector expertise and technology to potentially secure new contracts and partnerships within the military arena.