Joby Aviation to Acquire Resonant Sciences to Expand Defense Business
Joby Aviation agreed to acquire Resonant Sciences for about $500 million, creating a dedicated defense business. The deal is expected to help Joby keep its electric air taxi focus while integrating its autonomy stack with Resonant’s RF systems for software-defined autonomy. Resonant will continue under its name led by J. Micah North, and has grown revenue about 40% year over year to over $100 million.