An electric air taxi by Joby Aviation flies near the Downtown Manhattan Heliport in Manhattan, New York City, U.S., November 12, 2023. Roselle Chen
An electric air taxi by Joby Aviation flies near the Downtown Manhattan Heliport in Manhattan, New York City, U.S., November 12, 2023. Roselle Chen

Air taxi firm Joby acquires defense tech company for $500 million

August 11th, 2026 | 13:27 PM BUSINESS Aerospace & Defense 1

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By Reuters

Joby Aviation (JOBY.N) said on Tuesday it would buy defense technology company Resonant ​Sciences for about $500 million, as it ‌looks to scale its business in a growing defense market.

Electric vertical take-off and landing aircraft (eVTOL) ​companies are focusing more on the military ​market amid ramped-up defense spending driven by wars ⁠in Ukraine and the Middle East.

Here ​are some more details:

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