# Joby Aviation buys defense contractor for $500 million

Joby Aviation, best known for electric air taxis, agreed to acquire a defense business for $500 million to expand into military applications. The deal lets Joby leverage its aircraft technology for defense contracts, diversifying its revenue beyond commercial urban mobility. This move signals growing crossover between advanced aviation startups and the Pentagon.

**Importance:** 3/5

## Sources

### Technology
- [The Verge](https://www.theverge.com/transportation/977533/joby-resonant-sciences-acquisition-evtol) — 2026-08-11T08:00:00-04:00
- [TechCrunch](https://techcrunch.com/2026/08/11/joby-aviation-builds-out-defense-business-with-500m-acquisition/) — Tue, 11 Aug 2026 16:06:08 +0000