Why Joby Aviation is making a $500 million bet on defenseWhy Joby Aviation is making a $500 million bet on defense+ ↺ − 16 pxJoby Aviation is making a major push into the defense industry with a planned $500 million acquisition of defense technology company Resonant Sciences. Joby plans to finance the acquisition with approximately $450 million in cash and $50 million in its common stock. Its technology will become part of Joby’s dedicated defense business after the acquisition is completed. Joby said its commercial aircraft business will remain focused on developing and advancing its electric air taxi operations, keeping its civilian aviation ambitions separate from the new defense unit. The acquisition marks a significant strategic shift for Joby as eVTOL companies look for additional opportunities beyond the commercial air taxi market.