Joby Aviation acquires Ohio defense firm Resonant Sciences for $500 million

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Joby Aviation has announced a $500 million acquisition of Resonant Sciences, a defense firm based in Dayton, Ohio. The electric aircraft company plans to fund the deal with $450 million in cash and $50 million in equity. The transaction is expected to close in early 2027, after which Resonant Sciences will operate as Joby's dedicated defense division. Joby's commercial operations will remain separate, continuing its focus on electric air taxis set to launch later this year. The move marks a significant push by Joby into the military sector as the broader electric aviation industry seeks new revenue streams.

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