Joby flexes military muscle with $500 million defense acquisition

Joby flight at JFK airport. | Image: The Verge Joby Aviation announced it was acquiring Dayton, Ohio-based defense firm Resonant Sciences in a $500 million deal, in a bid by the electric aircraft company to expand further into the military industrial complex.

Joby says it expects to finance the deal with $450 million in cash and $50 million in equity. After the deal closes, which is expected in early 2027, Resonant will continue its existing work as Joby's dedicated defense division, the company said.