Joby Aviation has announced its acquisition of Resonant Sciences, a defense firm based in Dayton, Ohio, for $500 million. The deal, which will be financed with $450 million in cash and $50 million in equity, aims to bolster Joby's presence in the military sector while maintaining its focus on air taxi development. Resonant will operate as Joby's dedicated defense division post-acquisition.
Founded in 2015, Resonant Sciences specializes in systems that enhance aircraft operations in complex environments, including military applications. The acquisition is part of a broader trend in the electric aviation industry, as companies seek alternative revenue streams amid challenges in launching commercial air taxi services and navigating regulatory hurdles.