🚀Joby Acquires Resonant Sciences for $500M
Joby's defense play just got a lot bigger
TL;DR
Joby Aviation scoops up Resonant Sciences for $500 million, adding radio frequency and sensing tech to its portfolio. The move shifts Joby's defense projects into a new division led by J. Micah North.
Joby Aviation just dropped the mic with its $500M acquisition of Resonant Sciences. This isn't just about tech; it's about tapping into classified U.S. government programs and expanding their defense project portfolio. The deal means Joby can focus on certifying, manufacturing, and launching its electric air taxis while a new division handles turbine-electric and hydrogen-electric aircraft development. If you're in the defense tech space, this is a game-changer.
Key Points
Resonant Sciences will become Joby's dedicated defense business, led by J. Micah North.
$125 million was paid in 2022 when Joby acquired Blade Air Mobility’s helicopter rideshare business.
Joby Aviation is developing a network of electric urban air taxis for short-distance travel.
Resonant Sciences reported $100M in trailing 12-month revenue, making the acquisition price a hefty premium.
The deal allows Joby to focus on certifying and launching its electric air taxi while Resonant handles defense projects.
Why It Matters
If you're working on defense tech or classified U.S. government contracts, this is a big move for Joby Aviation. The $500M acquisition of Resonant Sciences gives them access to radio frequency and sensing technology that complements their electric vertical takeoff and landing aircraft (eVTOLs). This shift allows the rest of Joby to focus on certifying, manufacturing, and launching its air taxis.
Frequently Asked Questions
Why does this matter?
If you're working on defense tech or classified U.S. government contracts, this is a big move for Joby Aviation. The $500M acquisition of Resonant Sciences gives them access to radio frequency and sensing technology that complements their electric vertical takeoff and landing aircraft (eVTOLs). This shift allows the rest of Joby to focus on certifying, manufacturing, and launching its air taxis.
What happened?
Joby Aviation scoops up Resonant Sciences for $500 million, adding radio frequency and sensing tech to its portfolio. The move shifts Joby's defense projects into a new division led by J. Micah North.
Comments
Be the first to comment
Enjoyed this article?
Get it daily. 7am. Free. Reads in 5 minutes.
Join 2,948 builders reading daily.