TechCrunch·3 min read·medium
Joby Aviation builds out defense business with $500M acquisition
K
Kirsten Korosec
✦AI Summary
Joby Aviation is acquiring Resonant Sciences for $500 million to expand its defense-focused business, including the development of autonomous and hybrid-electric aircraft. This move allows Joby to leverage Resonant's sensor technology while focusing its core team on electric air taxi certification.
Joby Aviation reached an agreement to acquire Resonant Sciences for $500 million in cash and stock, according to a regulatory filing posted Tuesday. This is the electric air taxi developer’s latest move to push deeper into the defense sector.
technologybusinessstartups
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in