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Joby Aviation buys Resonant Sciences
Joppy Aviation announced its acquisition of defense technology company Resonant Sciences for approximately $500 million, as part of its expansion into the rapidly growing defense market driven by increased defense spending, especially due to the war in Ukraine and the Middle East. The deal includes around $450 million in cash and $50 million in stock, with completion expected in the first half of 2027. Resonant Sciences will be integrated as a defense division of Joppy, a company specializing in radio frequency systems and mission systems for security clients in the United States, with a focus on hybrid technologies and autonomous systems. Meanwhile, the commercial aircraft division continues to develop electric air taxi vehicles.
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