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Joby Aviation announced a major acquisition of Resonant Sciences, an Ohio-based defense contractor, for $500 million as part of its strategic expansion into military aerospace. The electric aircraft manufacturer plans to finance the deal using $450 million in cash and $50 million in stock. The transaction is anticipated to close in early 2027, after which Resonant will operate as a dedicated defense division within Joby.
Resonant Sciences develops advanced systems enabling aircraft to operate effectively in challenging environments, including combat zones. The company specializes in sensor technology, antenna systems, and signal processing that support secure communications and enhance aircraft stealth capabilities. With approximately 250 employees holding military clearances and products already integrated into over 20 commercial and defense aircraft platforms, Resonant brings substantial expertise to Joby’s portfolio.
The acquisition reflects a broader industry trend among electric aviation startups seeking alternative revenue sources beyond passenger air taxis. Regulatory hurdles and elevated operational costs have delayed commercial air taxi launches, while lucrative military contracts offer financial stability. Joby’s partnership with the defense sector dates back years, including previous Air Force testing programs and aircraft deliveries to Edwards Air Force Base.
Joby plans to leverage Resonant’s sensing and communications capabilities alongside its own propulsion and autonomous systems to develop stealth aircraft for military applications. This strategic pairing positions the company to pursue high-value defense contracts while maintaining its commercial air taxi division’s separate focus.
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Originally reported by Theverge →
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