1. Acquisition will significantly expand Joby’s defense business by
adding a fast-growing company with established programs, classified
capabilities and scaled manufacturing operations`
2. Upon closing, Resonant will become Joby’s dedicated defense
business, continuing its existing programs while expanding its portfolio
to include Joby’s hybrid aircraft and autonomy technologies. Joby’s
commercial aircraft business will remain focused on its electric air taxi
initiatives
3. Combination will create immediate opportunities to unite Joby’s
dual-use aircraft, propulsion and autonomy technologies with
Resonant’s radio frequency (RF), sensing and mission systems
capabilities as well as its world-leading expertise in low-observability
aircraft design
4. Resonant delivered more than $100 million in trailing-twelve-month
revenue, representing approximately 40% year-over-year growth,
alongside strong adjusted EBITDA generation, driven primarily by
long-cycle programs with the U.S. government, prime contractors and
next generation defense technology programs