Cerberus announces agreement to sell Resonant Sciences to Joby Aviation. Aug 11, 2026, 14:30 ET NEW YORK and DAYTON, Ohio, Aug. 11, 2026 /PRNewswire/ - Cerberus Capital Management ("Cerberus"), a global alternative investment advisor, today announced that certain funds and accounts have entered into a definitive agreement whereby Joby Aviation, Inc. ("Joby") will acquire Resonant Sciences ("Resonant" or the "Company"), a leading aerospace and defense technology company and developer and manufacturer of advanced radar, navigation, and communication technology. Founded in 2015 and headquartered in Dayton, Ohio, Resonant designs, manufactures and delivers advanced radio frequency mission systems for U.S. national security customers. The Company is a global leader in low-observability technologies, structures and subsystems, with expertise spanning advanced sensing, electronic countermeasures, communications, and autonomous systems. Cerberus-managed funds invested in Resonant in 2023 through its Supply Chain platform, partnering with Co-Founder and Chief Executive Officer J. Micah North and management to support the Company's next stage of growth. Since then, Resonant has expanded its manufacturing capacity, nearly doubled its highly-skilled technical workforce, and broadened its capabilities across advanced radar, navigation, and communications systems. The Company has also advanced key technologies from research and development into production-ready offerings and grown its portfolio of programs and customer relationships. "Resonant has built a differentiated business with critical technology for national security," said Cerberus Senior Managing Director and Co-Head of Supply Chain Michael Palmer. "Together with Micah and the Resonant team, we focused on strengthening the operations needed to scale. Over the past three years, we expanded manufacturing capacity, advanced key technologies into production, and deepened relationships with customers. We are proud of what we have accomplished together and believe Joby is exceptionally well-positioned to support Resonant's next phase of growth and success." J. Micah North, Co-Founder and Chief Executive Officer of Resonant Sciences, commented: "Cerberus understood what makes Resonant different - our culture, our focus on the warfighter, and our drive to move quickly and solve difficult problems. Their partnership enabled us to preserve our agility and mission focus while building the operational foundation to execute more programs at scale. As we prepare to join Joby, we look forward to building on that momentum and continuing to deliver for our customers on their most important programs." Upon closing, Resonant will become Joby's dedicated defense business and continue to operate under the Resonant Sciences name. The transaction is expected to close in the first half of 2027, subject to customary closing conditions, including applicable regulatory reviews. About Resonant Sciences Founded in 2015, Resonant Sciences is a defense technology company that develops and manufactures advanced RF, sensing, and mission systems for U.S. national security customers. The Company's capabilities span advanced apertures; modeling, measurements, and digital engineering; and integrated electronic systems. Through its vertically integrated engineering and manufacturing capabilities, Resonant designs, builds, tests, and produces advanced systems supporting customers across land, sea, air, and space domains. About Cerberus Founded in 1992, Cerberus is a global alternative investment firm with approximately $72 billion in assets across complementary credit, real estate, and private equity strategies. The firm invests across the capital structure where it believes its integrated investment platforms and proprietary operating capabilities can help improve performance and drive long-term value. Cerberus' tenured teams have experience working collaboratively across asset classes, sectors, and geographies as they seek to achieve strong risk-adjusted returns for investors. For more information, visit www.cerberus.com. About Cerberus Supply Chain Cerberus Supply Chain is a mission-oriented investment platform dedicated to investing in the long-term security and resilience of the United States and allied nations. Our established team of investors, technologists, operators, and former government leaders seeks to partner with companies driving innovation and growth in domains critical to the future. To learn more about our approach, please visit www.cerberus-supplychain.com. Media Contact SOURCE Cerberus Capital Management, L.P.

Joby Aviation builds out defense business with $500M acquisition. 9:06 AM PDT · August 11, 2026 Joby Aviation reached an agreement to acquire Resonant Sciences for $500 million in cash and stock, according to a regulatory filing posted Tuesday. This is the electric air taxi developer's latest move to push deeper into the defense sector. Ohio-based Resonant Sciences, which makes radio frequency and sensor systems, will become a dedicated defense business under Joby. Resonant Sciences' co-founder and CEO J. Micah North will lead this new division, which will absorb Joby's defense projects, including the development of a turbine-electric and hydrogen-electric aircraft, and autonomy technology stack. The new defense division will allow the rest of Joby Aviation to focus on certifying, manufacturing, and launching its electric air taxi, the company said. California-based Joby is best known as a company trying to develop and launch a network of electric urban air taxis that can shuttle people and goods over short distances. The company has also pursued defense, an effort that became more public over the past two years. Last year, Joby signed an agreement with defense contractor L3Harris Technologies to "explore opportunities" to develop a new aircraft class - specifically, a gas-turbine hybrid vertical take-off and landing (VTOL) aircraft that can fly autonomously - for defense applications. The gas-turbine hybrid VTOL will be based on Joby's current S4 aircraft platform, the company said at the time. Joby has focused on developing the S4 with an all-electric powertrain, but in 2024 it demonstrated under a government contract a hydrogen-electric hybrid version that flew 521 miles - more than two times farther than its battery-electric prototype. Joby's acquisition of Resonant Sciences gives it a money-making business. Resonant has reported $100 million in trailing 12-month revenue, and access to classified programs run by the U.S. government. Resonant's radio frequency and sensing tech also complements Joby's own electric vertical takeoff and landing aircraft (eVTOLs). Joby has tapped this revenue-generation-through-acquisition strategy before. Developing, certifying, and mass-producing eVTOLs is an expensive and years-long process, the kind of frontier tech that excites shareholders until they start wondering when the money is going to come in. Why historian Jill Lepore thinks Big Tech CEOs read sci-fi all wrong | Equity Podcast 0 seconds of 27 minutes, 20 seconds Volume 0% Joby, which went public in 2021 through a merger with a blank-check company, has assuaged investors by finding near-term sources of revenue. Last year, Joby acquired Blade Air Mobility's helicopter rideshare business for about $125 million. The acquisition gave Joby instant access to a network of 12 terminals in key markets like New York City as well as terminal bases at John F. Kennedy International Airport, Newark Liberty Airport, on both east and west sides of Manhattan, and Wall Street. It also delivered much-needed revenue for Joby. The company reported $38.6 million in revenue in the second quarter, $36.2 million of which came from Blade. When you purchase through links in our articles, we may earn a small commission. This doesn't affect our editorial independence. Kirsten Korosec Transportation Editor Kirsten Korosec is a reporter and editor who has covered the future of transportation from EVs and autonomous vehicles to urban air mobility and in-car tech for more than a decade. She is currently the transportation editor at TechCrunch and co-host of TechCrunch's Equity podcast. She is also co-founder and co-host of the podcast, "The Autonocast." She previously wrote for Fortune, The Verge, Bloomberg, MIT Technology Review and CBS Interactive. You can contact or verify outreach from Kirsten by emailing [email protected] or via encrypted message at kkorosec.07 on Signal. October 13 - 15 San Francisco Scale faster. Grow your portfolio. Gain practical expertise. No matter your goal, Disrupt can empower you. Save up to $300 today!

Air taxi business Joby Aviation establishes new base at Perot Field. The California-based company's 45,000-square-foot lease marks the North Texas launch of the Federal Aviation Administration's eVTOL Integration Pilot Program. Joby says it intends to fly test routes across Dallas-Fort Worth for a week in September. Joby Aviation has leased 45,000 square feet at Hillwood's Perot Field Fort Worth Alliance Airport. The hub marks the first significant eVTOL aircraft company presence in Texas and will support future electric air taxi operations across Dallas-Fort Worth. [Photo: Joby Aviation] In a big step toward air taxis transporting passengers across North Texas, Santa Cruz, California-based Joby Aviation has signed a lease for 45,000 square feet at Alliance Air Trade Center in Haslet, part of Perot Field Fort Worth Alliance Airport. The deal gives the electric air taxi developer its first operational base in Texas. It also marks the North Texas launch of the Federal Aviation Administration's Advanced Air Mobility and Electric Vertical Takeoff and Landing (eVTOL) Integration Pilot Program (eIPP), announced in March. Joby said in its second-quarter shareholder letter, released Aug. 5, that it intends to fly piloted routes across the Dallas-Fort Worth area over the course of a week in September. Those would be the company's first flights anywhere under the eIPP. On the same day's earnings call, founder and CEO JoeBen Bevirt said the flights will begin with only Joby pilots on board. Eventually, the company will progress to paying passengers under FAA oversight. The first-of-its-kind FAA program aims to accelerate the safe integration of next-generation advanced air mobility aircraft into the national airspace and fuel U.S. aviation innovation. With support from the Texas Department of Transportation (TxDOT), Joby is one of four aviation companies selected for the Texas project, along with Archer Aviation, Beta Technologies and Wisk Aero. The project calls for regional flights connecting Dallas, Austin, San Antonio and eventually Houston, with air taxi networks expanding outward from each city. The pilot projects in Texas and 25 other states "will create one of the largest real-world testing environments for next-generation aircraft in the world," according to the FAA. The FAA will use data from the projects to write new regulations that safely enable the technology at scale. Greg Bowles, Joby's chief policy officer, said he first visited Perot Field two decades ago and that even then it was clear the airport "would grow into a cornerstone of aviation for the region." Establishing a presence in Texas, he said, puts Joby in one of the most exciting markets in the country. "This site gives us a base to demonstrate the value of air mobility services across the Dallas-Fort Worth metroplex and the state," Bowles said in a statement. "Texas is showing strong leadership in advanced air mobility, thanks to partners like Hillwood, TxDOT and NCTCOG, and we look forward to working with them to bring that vision to life as we begin flights under the eIPP program." Becoming part of the Mobility Innovation Zone Hillwood said the location connects Joby with AllianceTexas' multimodal transportation infrastructure, a regional workforce and a network of public- and private-sector partners working on mobility innovation. "Welcoming Joby to AllianceTexas reflects our ability to pair flexible real estate solutions with the resources forward-looking companies need to grow," said Samuel Rhea, vice president at Hillwood. "Joby brings an important new capability and demonstrates how AllianceTexas continues to evolve to support aviation, manufacturing and the advanced air mobility sector." Perot Field, which opened in 1989, is the world's first industrial airport purpose-built for cargo and corporate aviation, according to Hillwood. The developer said AllianceTexas is now home to 602 companies and 73,134 direct jobs. The airport is also a central component of the AllianceTexas Mobility Innovation Zone (MIZ), a public-private ecosystem that brings together industry innovators, policymakers and infrastructure partners to advance technologies across air and surface mobility. "Joby's presence at Perot Field is a significant milestone for the airport and for North Texas aviation," said Christopher Ash, president of Alliance Aviation Companies. "By locating within the AllianceTexas Mobility Innovation Zone, Joby helps validate the collaborative work happening here and advances the integration of eVTOL technology across the region's transportation network." More on Joby and its North Texas connections Founded in 2009, Joby Aviation has facilities in San Carlos and Marina, California; Dayton, Ohio; and Munich, Germany. Joby and Toyota announced June 30 that they had formed a joint venture, majority owned by Toyota, to lay the groundwork for commercial manufacturing of eVTOL aircraft. Toyota, which has its North American headquarters in Plano, has committed $894 million to Joby. Joby expects the final $250 million tranche of that commitment to close in the fourth quarter. Joby has been involved in several North Texas ventures in recent years. The company advanced to crewed flight testing of its eVTOL prototype at the 2023 UP.Summit at Ross Perot Jr.'s Circle T Ranch in Westlake. It also worked with NASA on a 2022 study of air taxi routes between regional vertiports and a 2023 flight simulation that modeled up to 120 air taxi operations an hour in busy Dallas-Fort Worth airspace. Track Dallas-Fort Worth's business and innovation landscape with its curated news in your inbox Tuesday-Thursday. One quick signup, and you're done. R E A D N E X T. * Allen-Based EagleNXT Invests in Ohio Drone Maker Agilis Air The deal pairs EagleNXT's fixed-wing surveillance drones with the startup's low-cost quadcopter platforms. CEO Bill Irby tells Dallas Innovates the company plans to grow its Allen workforce roughly tenfold as it ramps up production across its product lines. Share via: