Electric vertical takeoff and landing (eVTOL) developer Joby Aviation has agreed to acquire Resonant Sciences for $500 million in cash and stock. This strategic move aims to significantly expand the company’s footprint within the defense sector by establishing a dedicated defense business unit.
Based in Ohio, Resonant Sciences specializes in radio frequency and sensor technologies, bringing established revenue streams and access to government-backed programs. The newly formed division will oversee Joby’s defense-related initiatives, including turbine-electric, hydrogen-electric, and autonomous aircraft development.
This corporate restructuring allows the core Joby team to maintain its primary focus on the certification, manufacturing, and commercial launch of its urban air taxis. Furthermore, acquiring a revenue-generating asset helps offset the high costs typically associated with developing frontier aviation technologies.
- Joby Aviation acquires Resonant Sciences for $500 million.
- A dedicated defense division will focus on sensors and radio frequencies.
- Core operations remain focused on certifying commercial electric air taxis.
- Acquisition strategy provides immediate revenue streams for long-term projects.
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