Market News AIOpen the app

Joby Aviation won nearly $37 million more from the U.S. Air Force to improve its self-flying technology.

DealRead the original at barchart.com
Good for JOBY

Joby has more Air Force backing for autonomy work, and its system has completed over 400 fully autonomous flights. The $50 million contract ceiling is not guaranteed funding, and the planned Resonant Sciences purchase is not expected to close until 2027.

JOBY · Joby Aviation

AI read · Good for JOBY

The AI's read

The Air Force support can help Joby develop its flight software and test logistics work in the Pacific. More than 400 autonomous flights show the system has already been tested, but the $50 million contract ceiling does not mean Joby has received that full amount. The planned Resonant Sciences purchase may add defense capabilities, but it is not expected to close until 2027.

Get alerts for JOBY

Follow Joby Aviation (JOBY) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for JOBY
Free on the App Store and Google Play, or on the web.