News Summary

• Joby Aviation announced it was acquiring Dayton, Ohio-based defense firm Resonant Sciences in a $500 million deal.
• Joby says it expects to finance the deal with $450 million in cash and $50 million in equity.
• After the deal closes, which is expected in early 2027, Resonant will continue its existing work as Joby’s dedicated defense division.
• The commercial division will remain focused on air taxis, the first of which are expected to launch later this year.