Joby Aviation to Acquire Resonant Sciences for $500 Million

Joby Aviation announced on August 11 that it will acquire defense technology company Resonant Sciences for approximately $500 million, marking a significant expansion for the electric air taxi maker into the military sector. The deal, expected to close in the first half of 2027, will see Resonant become Joby's dedicated defense business, while Joby's commercial aircraft division continues its focus on electric vertical takeoff and landing (eVTOL) air taxis.

The acquisition is structured as $450 million in cash and $50 million in Joby common stock. Resonant, based in Dayton, Ohio, designs and manufactures advanced radiofrequency and mission systems for U.S. national security customers. The company employs about 250 people across multiple states and generated more than $100 million in revenue over the trailing twelve months, with revenue growing approximately 40% year over year. Resonant also reported positive adjusted EBITDA margins in the high teens, and its first-half 2026 bookings more than tripled compared to the same period in 2025.

Joby CEO JoeBen Bevirt stated that Resonant has built an exceptional business combining advanced technology, vertically integrated production,...