Joby Expands into Defense with $500M Deal | Business and Finance News

Joby Aviation is making a bold move into defense by acquiring Resonant Sciences for $500 million, signaling a strategic pivot to diversify revenue while staying focused on commercial air taxis. With Resonant generating over $100 million in revenue last year and growing 40% YoY, the acquisition bolsters Joby’s defense capabilities—especially in autonomous systems—and positions it as a major player in a high-growth sector. Structured with $450M cash and $50M stock, the deal could stabilize Joby’s volatile stock, which has dropped over 50% in the past year, offering potential value for investors eyeing long-term aviation innovation. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/edab6d0426979c7c