Joby Aviation (JOBY) Stock: Falls Premarket as $500M Resonant Sciences Deal Expands Defense Growth Strategy
TLDR
-
Joby Aviation agrees to buy Resonant Sciences in a $500 million defense deal.
-
Resonant adds over $100 million in revenue and strengthens Joby’s defense unit.
-
JOBY stock drops 4.98% premarket after ending regular trading 1.97% higher at $8.81.
-
The deal adds classified infrastructure, RF systems, and defense contracts.
-
Joby expects the Resonant Sciences acquisition to close in the first half of 2027.
Joby Aviation stock fell in pre-market trading after the company announced a major expansion into defense technology. JOBY traded at $8.39, down 4.98%, after closing at $8.81 with a 1.97% gain. Meanwhile, the company agreed to acquire Resonant Sciences for approximately $500 million.
Joby Aviation Expands Defense Business Through Resonant Deal
The acquisition will add an established defense technology business to Joby Aviation’s broader aerospace operations. Resonant Sciences supports active United States national security programs and operates a profitable defense business. Joby gains immediate access to classified infrastructure, production facilities, technical teams, and government relationships.
… Continue reading the full article at the original source below.
