JOBY ▲ +0.2% - Joby Aviation, Inc.
$JOBY expanded its U.S. Air Force autonomous flight contracts to nearly $37M, raising its operational testing contract ceiling to $50M after completing a record 6,665-mile autonomous U.S. flight tour. * Flight Milestone: Joby's J208, a Cessna Caravan equipped with its autonomy system, completed a coast-to-coast flight with landings in 11 states. Across 24 states, it autonomously taxied, took off, navigated and landed without safety-pilot control inputs, remotely supervised from up to 2,537 miles away. * Military Expansion: AFWERX funding supports software integration, safety reviews and Pacific testing toward sustained uncrewed cargo operations, reducing aircrew risks in contested environments. * Proven Technology: Built on Xwing technology acquired in 2024, Joby's platform-agnostic system has completed over 400 autonomous flights. Earlier military exercises demonstrated remote operations across nearly 4,000 miles and critical-parts delivery 24 hours faster than conventional logistics. * Civilian Applications: FAA-backed initiatives in Utah and North Carolina are evaluating autonomous medical deliveries, cargo and challenging airspace operations, expanding Joby's capabilities beyond electric air taxis. * Defense Growth: Joby's planned Resonant Sciences acquisition, expected to close in early 2027, would strengthen its military capabilities.
04-NOV-2026 08:33 AM ET
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