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Joby Aviation and defense manufacturing giant L3Harris announced a partnership Friday to develop a next-generation military craft. The partnership brings together Joby's hybrid vertical take-off and landing, or VTOL, aircraft and L3's expertise in military systems.
Joby Aviation is often cast as a developer of commercial electric air taxis, but the publicly traded company has also pursued a separate track to market through a long-standing relationship with the U.S. Department of Defense. Now, its years of research and development with the Department of Defense may be paying off.
SANTA CRUZ, Calif. & MELBOURNE, Fla.--(BUSINESS WIRE)--Joby Aviation, Inc. (NYSE: JOBY) and L3Harris Technologies (NYSE: LHX) today announced they are exploring opportunities to develop a new aircraft class for defense applications. The gas turbine hybrid vertical take-off and landing (VTOL) aircraft is designed for low-altitude missions and offers the versatility of being optionally piloted, enabling both crewed and fully autonomous operations. The collaboration leverages Joby's existing comme.
The eVTOL industry is consolidating, with JOBY and ACHR emerging as the top U.S. contenders after significant industry shakeout. JOBY is significantly ahead in FAA certification, transparency, and execution, positioning it closer to commercial operations than ACHR. JOBY's manufacturing is bolstered by Toyota's investment and expertise, while ACHR's production plans remain less certain and more distant.
Thematic investing has returned in a big way in 2025, with electric vertical takeoff and landing (eVTOL) stocks a hot idea at the moment. Joby Aviation (JOBY 3.40%) -- a leader in the space with major manufacturing partnerships -- has seen its stock rise over 100% this year.
Go outside and look up the next time you hear an aircraft overhead: You'll see the same airplanes or helicopters you're used to seeing.
Nobody enjoys sitting in traffic. And yet, the average American will sit in over two weeks of traffic each year.
The electric vertical take-off and landing (eVTOL) market is crowded, but that doesn't mean it's a winner-takes-all scenario. Different companies have different business models with varying risks and rewards, and Joby Aviation (JOBY 3.37%) is arguably the one with the most reward and also one that's reducing its risk the most in 2025.
SANTA CRUZ, Calif.--(BUSINESS WIRE)--Joby Aviation, Inc. (NYSE:JOBY), a company developing all-electric aircraft for commercial passenger service, today announced that it expects to release its second quarter 2025 financial results after market close on Wednesday, August 6, 2025, and to host a webcast at 5:00 pm ET on the same day. The webcast will be publicly available in the Upcoming Events section of the company website, www.jobyaviation.com. If unable to attend the webcast, to listen by pho.
Eve Holding edges out Joby Aviation in the eVTOL race with strong LOIs, better earnings surprise history, and Embraer support.