Joby Aviation to Acquire Ohio-Based Defense Firm Resonant Sciences in a $500 Million Deal

Joby Aviation announced it was acquiring Dayton, Ohio-based defense firm Resonant Sciences in a $500 million deal, in a bid by the electric aircraft company to expand further into the military industrial complex.

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 company said.

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