TechJoby flexes military muscle with $500 million defense acquisition

Joby Aviation says it will acquire Dayton, Ohio-based defense company Resonant Sciences for $500 million. The electric aircraft maker is pursuing the deal as it seeks to expand further into the military-industrial complex. Joby expects to fund the transaction with $450 million in cash and $50 million in equity. The acquisition remains subject to closing.

Joby Aviationdefense acquisitionelectric aircraft

TThe Verge★★☆☆☆2026-08-11 12:00Original