StartupsCleanTechnicaabout 3 hours ago
Joby Buys Defense Firm Resonant for $500M
1 min read
Joby Aviation acquired defense technology company Resonant Sciences for $500 million, funded by $450 million in cash and $50 million in stock. The Dayton, Ohio-based Resonant will become Joby's dedicated defense business, while commercial air taxi development continues. Joby shares fell 6.5% in premarket trading.
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