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Joby flexes military muscle with $500 million defense acquisition

Joby Aviation announced it was acquiring Dayton, Ohio-based defense firm Resonant Sciences in a $500 million deal, in a bid by the electric aircraft company to expand further into the military industrial complex. Joby says it expects to finance the deal with $450 million in cash and $50 million in equity. After the deal closes, […]

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Joby flexes military muscle with $500 million defense acquisition

Joby Aviation announced it was acquiring Dayton, Ohio-based defense firm Resonant Sciences in a $500 million deal, in a bid by the electric aircraft company to expand further into the military industrial complex. Joby says it expects to finance the deal with $450 million in cash and $50 million in equity. After the deal closes, […]