Joby to buy Resonant Sciences, establish defense business in $500 million deal

AI Summary

Joby announced a $500 million acquisition of Resonant Sciences to establish a defense business, funded by $450 million in cash and $50 million in common stock, expected to close in early 2027. This deal strengthens Joby's position in defense sector markets.

The acquisition will be funded by roughly $450 million in cash and $50 million in Joby common stock and is expected to close “in the first half of 2027,” according to a press release.