Welcome to our dedicated page for Joby Aviation news (Ticker: JOBY), a resource for investors and traders seeking the latest updates and insights on Joby Aviation stock.
Joby Aviation, Inc. develops all-electric vertical takeoff and landing air taxis for commercial passenger service. Company news commonly centers on FAA certification work, piloted demonstration flights, early operational programs, manufacturing capacity, and the buildout of vertiport, charging, and passenger infrastructure for urban routes.
Updates also cover partnerships tied to airspace integration, including use of AI-powered flight operations tools, and Joby's broader aircraft roadmap, such as turbine-electric VTOL testing and the Superpilot autonomous flight technology platform. The company's Blade passenger business adds recurring news around existing urban air mobility operations, lounges, and airport-area service networks.
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Joby Aviation (NYSE:JOBY) has entered a long-term agreement with Toyota Motor Corporation (NYSE:TM) for the supply of critical powertrain and actuation components necessary for its all-electric aircraft. This partnership builds on the existing collaboration, with Toyota as Joby's largest external investor, contributing approximately $400 million to the company. The agreement aims to enhance Joby's production capabilities, leveraging Toyota's expertise in high-volume manufacturing while aiming for the mass production of eVTOL aircraft. Joby is also developing an air taxi service in Japan, working with Toyota's subsidiary Aero Asahi and has applied for FAA certification, indicating potential expansion in urban air mobility.
Joby Aviation has announced a $55 million extension to its contract with the U.S. Air Force, raising the total contract value to $131 million. This agreement allows for Joby to deliver and operate up to nine electric vertical take-off and landing (eVTOL) aircraft, with the first two expected at Edwards Air Force Base by early 2024. These aircraft will be used for logistics like cargo and passenger transportation, marking the first electric air taxis at a U.S. military base.
Recently, Air Force pilots became the first to fly an eVTOL as sole pilot-in-command. Joby sees this partnership as a significant step towards commercial operations expected to begin in 2025.