Overview
- Joby signed a definitive agreement on Tuesday to acquire Dayton-based Resonant Sciences for about $500 million, to be paid roughly $450 million in cash and $50 million in Joby shares.
- Resonant is a profitable defense supplier with about 250 employees, more than $100 million in trailing 12‑month revenue, and cleared personnel that support classified U.S. national‑security programs.
- After closing, Resonant will operate as Joby’s dedicated defense business under CEO J. Micah North and will absorb Joby’s existing military work; the transaction is expected to close in the first half of 2027 pending regulatory approvals.
- Joby also disclosed an at‑the‑market equity program to sell up to $750 million of stock, a move that sparked immediate investor concern and drove JOBY shares lower in early trading.
- The deal expands Joby’s Dayton footprint toward roughly one million square feet for manufacturing and testing and positions the company to combine its propulsion and autonomy work with Resonant’s RF, sensing and mission systems to pursue dual‑use military platforms.