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Joby Aviation builds out defense business with $500M acquisition
Joby Aviation has agreed to acquire Resonant Sciences for $500 million, expanding its defense sector efforts. Ohio-based Resonant will operate as Joby’s defense division and focus on developing advanced aircraft, including hybrid VTOL technology. This aligns with Joby’s goal to boost revenue and enhance capabilities in both civilian and defense markets as it develops its electric air taxi.
Key points
- Joby Aviation acquires Resonant Sciences for $500 million to deepen defense sector involvement.
- Resonant Sciences specializes in radio frequency and sensor systems, enhancing Joby’s technology.
- J. Micah North will lead the new defense division, which will handle Joby's defense projects.
- This division allows Joby to focus on its electric air taxi manufacturing and certification.
- The acquisition is intended to create a revenue-generating business, leveraging Resonant's $100M revenue and access to U.S. government contracts.
- Joby plans to develop a gas-turbine hybrid VTOL aircraft, enhancing its defense offerings.
- Joby previously acquired Blade Air Mobility, bringing in $36.2M in revenue and expanding its network.
Why it matters
- The acquisition aligns with 2025 IT trends focusing on hybrid technology and defense innovation.
- Joby’s move is part of a broader trend in aviation where companies seek diversification amid regulatory challenges.
- The growing defense sector is attracting tech companies, reflecting the importance of autonomous and advanced aircraft systems.
Joby Aviation's strategic acquisition of Resonant Sciences illustrates its commitment to diversifying and enhancing its operations in both consumer and defense aviation, positioning itself strongly for future growth.