Joby flexes military muscle with $500 million defense acquisition
Joby Aviation is acquiring defense firm Resonant Sciences for $500 million to strengthen its presence in the military sector. The electric aircraft company plans to fund the deal with $450 million in cash and $50 million in equity. This acquisition represents a strategic expansion of Joby's capabilities into the defense and military industrial market.
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Joby flexes military muscle with $500 million defense acquisition
Joby Aviation is acquiring defense firm Resonant Sciences for $500 million to strengthen its presence in the military sector. The electric aircraft company plans to fund the deal with $450 million in cash and $50 million in equity. This acquisition represents a strategic expansion of Joby's capabilities into the defense and military industrial market.
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