Joby Aviation has agreed to acquire Resonant Sciences, marking the electric aircraft manufacturer's entry into the defense sector.
The $500 million deal establishes Joby's first dedicated defense business unit. Resonant Sciences brings expertise in defense technology that complements Joby's existing electric vertical takeoff and landing (eVTOL) aircraft platform.
Joby, known for developing commercial air mobility solutions, has been diversifying its revenue streams beyond civilian markets. The acquisition signals the company's confidence in defense applications for its aircraft technology.
The defense sector represents a significant growth opportunity for eVTOL manufacturers. Military and government agencies have expressed interest in electric aircraft for various operations, from transport to logistics.
Financial terms indicate Joby's commitment to building out this vertical. The company continues to work toward certification of its commercial aircraft while simultaneously expanding into adjacent markets. This dual approach aims to strengthen Joby's position as it navigates the competitive aerospace and defense landscape.
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