JOBY Stock Alert: Joby Aviation Expands eVTOL Program With New Acquisition
JOBYJoby Aviation(JOBY) Investor Place·2024-06-04 23:45

Joby Aviation (NYSE:JOBY) stock is getting a boost on Tuesday after the company announced its acquisition of Xwing's autonomous flight division. Joby Aviation notes that the acquisition includes all of Xwing's automation and autonomy technology activities. The company also notes it paid for this with JOBY stock. However, it didn't provide finer details of the deal. Joby Aviation says that this acquisition is complementary to its purchase of Inras, which it completed in 2021. That company focuses on making l ...