Joby Aviation Acquires Resonant Sciences

JOBY Joby Aviation to Acquire Resonant Sciences for ~$500M, Creating Dedicated Defense Business ⠀ • Joby will acquire Resonant Sciences for approximately $500 million, adding a defense technology business with more than $100 million in trailing-12-month revenue, ~40% YoY growth and high-teens Adj.

EBITDA margins. • Resonant will become Joby's dedicated defense business, combining its RF sensing, mission systems and low-observability capabilities with Joby's aircraft, propulsion and autonomy technologies. • Joby expects to fund the deal with ~$450 million in cash and $50 million in stock, with closing targeted for H1 2027.