Joby Aviation has announced that it has entered into a definitive agreement to acquire Resonant Sciences, a Dayton, Ohio-based defence technology company, for approximately USD500 million. “The acquisition will represent a significant expansion of Joby’s defence business, delivering immediate scale through a rapidly growing and EBITDA-positive business supporting active U.S. national security programmes,” said Joby in a press release.
Founded in 2015, Resonant employs approximately 250 people and designs, manufactures and delivers advanced RF and mission systems for US national security customers. The company is also involved in in low-observability technologies, structures and subsystems, with established capabilities spanning advanced sensing, electronic countermeasures, communications and autonomous systems.
Upon closing, Resonant will become Joby’s dedicated defence business and continue to operate under the Resonant Sciences name, led by Co-Founder and CEO J. Micah North.
Joby’s existing defence initiatives will be consolidated within the new business unit., said the company. “These include the development of dual-use turbine-electric and hydrogen-electric aircraft, as well as a dual-use autonomy technology stack. Housing this work within Resonant will allow Joby’s commercial aviation organization to maintain its primary focus on certifying, manufacturing, and commercializing its electric air taxi.”
Beyond developing RF hardware, Resonant performs end-to-end payload integration and aircraft modification. Its electronics, apertures and radomes are qualified across more than 20 commercial and defense airframes.
For more information
https://www.jobyaviation.com/news/joby-aviation-to-scale-defense-business-through-acquisition-of-resonant-sciences