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Joby Aviation Signs Expanded Contract With Department of Defense

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Joby Aviation Signs Expanded Contract With Department of Defense
Joby Aviation has expanded an existing contract with the U.S. Department of Defense. The Marine Corps, Army, Navy, and Air Force will all test Joby’s eVTOL and explore use cases such as emergency medical response. The contract’s total potential value is now more than $75 million. (Photo: Joby Aviation)

Joby Aviation recently expanded its existing contract with the U.S. Department of Defense (DoD). The U.S. Marine Corps now joins the Army, Navy, and Air Force in testing and exploring applications for Joby’s electric vertical take-off and landing (eVTOL) aircraft. The contract’s potential value increased by more than $45 million; its total potential value is now more than $75 million following the recent expansion. The company expects to launch its eVTOL in 2024 following type certification with the Federal Aviation…

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