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Joby Aviation announced a definitive agreement to acquire Resonant Sciences, a Dayton, Ohio-based defense technology company, for approximately $500 million. Upon closing, Resonant will become Joby's dedicated defense business.
“The acquisition will represent a significant expansion of Joby's defense business, delivering immediate scale through a rapidly growing and EBITDA-positive business supporting active U.S. national security programs.”ir.jobyaviation.com
Summarized from public sources; check the original articles before acting on it.