Joby Signs Acquisition Agreement for Resonant Sciences Worth $500 Million

Joby Aviation is acquiring defense technology company Resonant Sciences for approximately $500 million. The acquisition price consists of $450 million in cash and $50 million in Joby common stock. The target for closing the transaction is the first half of 2027, subject to regulatory review and customary closing conditions. After the acquisition, Resonant will operate as Joby's dedicated defense business, and existing management and customer contracts will be maintained. Resonant, founded in 2015, is a defense technology company based in Ohio, USA, with over 90% of its approximately 250 employees holding security clearances. Its revenue over the past 12 months has exceeded $100 million, marking an increase of about 40% compared to the previous year. Joby plans to leverage Resonant's technology and workforce to advance the development of stealth aircraft and autonomous systems. As of June 30, 2026, Joby is expected to have $2.3 billion in cash, with cash burn projected between $385 million and $415 million in the second half of 2026. Joby intends to operate its commercial air taxi business as a separate entity.

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