Valued at a market cap of $13.5 billion, Joby Aviation (JOBY) is expanding beyond its commercial air taxi ambitions into the defense sector. It recently completed the first test flight of a hybrid military aircraft just three months after partnering with government contractor L3Harris (LHX). The successful launch took place in early November at Joby's California facility, showcasing the company's ability to move rapidly from concept to a working prototype.
This defense pivot comes as the Trump Administration aggressively invests in autonomous technologies and artificial intelligence for military applications, including plans for a massive $175 billion missile defense system.
