Workflow
hybrid vertical takeoff and landing aircraft
icon
Search documents
Joby's 38% Stock Plunge Is Ugly—But The Pentagon Might Be Interested
Benzinga· 2025-09-04 16:52
Core Viewpoint - Joby Aviation has demonstrated its Superpilot autonomous flight technology during a military exercise, which could significantly impact its future trajectory despite a recent decline in stock price [1][5][6]. Autonomous Flight - Joby completed over 7,000 miles and 40 flight hours of autonomous operations during the Resolute Force Pacific exercise [2]. - The missions were primarily controlled remotely, with a safety pilot on board to monitor performance [3]. - The Superpilot system was integrated into a Cessna Caravan 208, successfully executing various missions including cargo deliveries and ISR profiles [3][4]. Defense Applications - The Pentagon has requested $9.4 billion in its fiscal 2026 budget for autonomous and hybrid aircraft technologies, positioning Joby favorably for potential Department of Defense contracts [5]. - Joby's performance during the exercise is seen as a strong indicator of its capability to meet the U.S. government's operational demands [6]. - A partnership with L3Harris Technologies was announced to develop a hybrid VTOL aircraft for military operations, enhancing Joby's defense-related offerings [7]. Looking Ahead - Alignment with the Pentagon may provide Joby with essential funding to navigate financial challenges while pursuing commercial air taxi operations [8]. - Despite a 38% decline in stock price over the past month, Joby shares have increased by over 160% in the past year [8].