Joby Aviation Acquires Resonant Sciences for $450 Million in Cash
Joby Aviation (JOBY) announced on August 11 a deal to acquire defense technology company Resonant Sciences for approximately $500 million, with about $450 million paid in cash and the remainder in stock. The acquisition is expected to roughly double Joby's revenue base by adding over $100 million annually from Resonant’s operations. Resonant specializes in radio frequency systems and low-observability technology for U.S. defense applications, generating strong growth with a 40% year-over-year increase in revenue and significant new business bookings in the first half of 2026. The deal is expected to close by mid-2027 after regulatory approvals. Joby currently holds about $2.3 billion in cash but has committed nearly two-thirds for operational expenses through late 2026, including this acquisition and a new stock offering program.
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