Joby Aviation to acquire Resonant Science for $500 million

JOBY Joby Aviation Inc

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1. 1Joby Aviation (JOBY) will acquire defense contractor Resonant Science for $500 million
2. 2The deal will be funded with $450 million in cash and $50 million in common stock, and is expected to close in the first half of next year
3. 3Resonant will become a dedicated defense unit, while Joby's commercial aircraft business will focus on electric air taxis

Source Axios · View original ↗

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