Latest news with #defenseApplications
Yahoo
06-08-2025
- Business
- Yahoo
Breaking News That Joby Aviation and Archer Aviation Investors Can't Afford to Miss
Key Points Joby and L3Harris announced a deal to collaborate on developing hybrid electric aircraft. Since 2020, Joby has worked with the Department of Defense to explore defense applications of its aircraft. Archer Aviation is also exploring the development of its aircraft for military use, thanks in part to its collaboration with Anduril 10 stocks we like better than Joby Aviation › Undoubtedly, Joby Aviation (NYSE: JOBY) investors are keenly focused on insights into whether the electric vertical takeoff and landing (eVTOL) company is close to receiving the requisite Federal Aviation Administration (FAA) certifications. But that's not to say that there aren't other news items that can lift investors' spirits. Joby just announced, for example, a new collaboration with aerospace and defense specialist L3Harris Technologies (NYSE: LHX) that both Joby investors and Archer Aviation (NYSE: ACHR) investors will want to know all about. The deal that you can't afford to let fly under your radar New dance partners Joby Aviation and L3Harris announced that they're collaborating on the development of hybrid eVTOL aircraft designed for defense applications. Suited for low-altitude operations, the aircraft will have optionality in whether they're piloted or flown autonomously. With test flights expected to start in the coming months, both companies are targeting demonstrations of the aircraft for the government in 2026. Referencing the company's market opportunity for defense applications and lauding the partnership, JoeBen Bevirt, founder and CEO, Joby Aviation, stated: We have worked closely with the Department of Defense over the past decade to give them a front-row seat to the development of our dual-purpose technologies, and we're now ready to demonstrate and deploy it. Joby's experience in exploring defense solutions transcends the recently announced partnership with L3Harris. In 2020, Joby worked with the United States Air Force, leading up to it receiving airworthiness approval from the military branch -- a first for an eVTOL company. The ability to fly on-base and access government testing facilities has assisted Joby with the development of its aircraft as it strives to launch commercial operations. Archer also aims to develop a defense solution Joby certainly isn't the only one with its sights set on expanding the scope of its operations beyond civilian air tax service, Archer Aviation is another leader among eVTOL aircraft developers that's focused on defense applications. Like Joby, Archer has worked for the past several years with the Department of Defense (DoD) to explore development of its aircraft for defense operations. Following the start of its collaboration in 2021, Archer inked a new contract -- worth up to $142 million -- with the U.S. Air Force to "assess the transformational potential of the vertical flight market and eVTOL technologies for DoD purposes" in 2023. Archer claims that its eVTOL Midnight aircraft provide a better safety profile than helicopters, in addition to representing a more cost-effective option. In addition to the work with the DoD, Archer further demonstrated its interest in the defense sector last year, when it announced a partnership with Anduril, a defense upstart that focuses on integrating artificial intelligence (AI) into its offerings. Similar to Joby and L3Harris, Archer and Anduril plan on developing a hybrid VTOL aircraft suitable for defense operations. With Joby finding a new copilot in L3Harris, is now the time to buy shares? In a neck-and-neck race to get their eVTOL aircraft to the market first, Joby and Archer are, combined, very much the face of the burgeoning eVTOL market, and while civilian electric air taxi service is oftentimes the business vertical most frequently discussed, both companies are committed to the defense industry as well. Lest Joby investors surmise that the company has a leg up on Archer due to the new L3Harris deal, it's important to recognize Archer's partnership with Anduril, and vice versa. Those who thought that Archer is alone in its ambitions to provide defense solutions must think again. It's also important to note that eVTOL companies signing deals with major defense contractors isn't a zero-sum game. With the U.S. defense budget possibly rising to over $1 trillion in 2026, there's no doubt that there's plenty of opportunity for both Joby and Archer to thrive in the defense market -- and that's not even taking into account the possibility of selling to NATO allies. Should you buy stock in Joby Aviation right now? Before you buy stock in Joby Aviation, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Joby Aviation wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* Now, it's worth noting Stock Advisor's total average return is 1,019% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Scott Levine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends L3Harris Technologies. The Motley Fool has a disclosure policy. Breaking News That Joby Aviation and Archer Aviation Investors Can't Afford to Miss was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
05-08-2025
- Business
- Globe and Mail
Breaking News That Joby Aviation and Archer Aviation Investors Can't Afford to Miss
Key Points Joby and L3Harris announced a deal to collaborate on developing hybrid electric aircraft. Since 2020, Joby has worked with the Department of Defense to explore defense applications of its aircraft. Archer Aviation is also exploring the development of its aircraft for military use, thanks in part to its collaboration with Anduril 10 stocks we like better than Joby Aviation › Undoubtedly, Joby Aviation (NYSE: JOBY) investors are keenly focused on insights into whether the electric vertical takeoff and landing (eVTOL) company is close to receiving the requisite Federal Aviation Administration (FAA) certifications. But that's not to say that there aren't other news items that can lift investors' spirits. Joby just announced, for example, a new collaboration with aerospace and defense specialist L3Harris Technologies (NYSE: LHX) that both Joby investors and Archer Aviation (NYSE: ACHR) investors will want to know all about. The deal that you can't afford to let fly under your radar New dance partners Joby Aviation and L3Harris announced that they're collaborating on the development of hybrid eVTOL aircraft designed for defense applications. Suited for low-altitude operations, the aircraft will have optionality in whether they're piloted or flown autonomously. With test flights expected to start in the coming months, both companies are targeting demonstrations of the aircraft for the government in 2026. Referencing the company's market opportunity for defense applications and lauding the partnership, JoeBen Bevirt, founder and CEO, Joby Aviation, stated: We have worked closely with the Department of Defense over the past decade to give them a front-row seat to the development of our dual-purpose technologies, and we're now ready to demonstrate and deploy it. Joby's experience in exploring defense solutions transcends the recently announced partnership with L3Harris. In 2020, Joby worked with the United States Air Force, leading up to it receiving airworthiness approval from the military branch -- a first for an eVTOL company. The ability to fly on-base and access government testing facilities has assisted Joby with the development of its aircraft as it strives to launch commercial operations. Archer also aims to develop a defense solution Joby certainly isn't the only one with its sights set on expanding the scope of its operations beyond civilian air tax service, Archer Aviation is another leader among eVTOL aircraft developers that's focused on defense applications. Like Joby, Archer has worked for the past several years with the Department of Defense (DoD) to explore development of its aircraft for defense operations. Following the start of its collaboration in 2021, Archer inked a new contract -- worth up to $142 million -- with the U.S. Air Force to "assess the transformational potential of the vertical flight market and eVTOL technologies for DoD purposes" in 2023. Archer claims that its eVTOL Midnight aircraft provide a better safety profile than helicopters, in addition to representing a more cost-effective option. In addition to the work with the DoD, Archer further demonstrated its interest in the defense sector last year, when it announced a partnership with Anduril, a defense upstart that focuses on integrating artificial intelligence (AI) into its offerings. Similar to Joby and L3Harris, Archer and Anduril plan on developing a hybrid VTOL aircraft suitable for defense operations. With Joby finding a new copilot in L3Harris, is now the time to buy shares? In a neck-and-neck race to get their eVTOL aircraft to the market first, Joby and Archer are, combined, very much the face of the burgeoning eVTOL market, and while civilian electric air taxi service is oftentimes the business vertical most frequently discussed, both companies are committed to the defense industry as well. Lest Joby investors surmise that the company has a leg up on Archer due to the new L3Harris deal, it's important to recognize Archer's partnership with Anduril, and vice versa. Those who thought that Archer is alone in its ambitions to provide defense solutions must think again. It's also important to note that eVTOL companies signing deals with major defense contractors isn't a zero-sum game. With the U.S. defense budget possibly rising to over $1 trillion in 2026, there's no doubt that there's plenty of opportunity for both Joby and Archer to thrive in the defense market -- and that's not even taking into account the possibility of selling to NATO allies. Should you invest $1,000 in Joby Aviation right now? Before you buy stock in Joby Aviation, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Joby Aviation wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* Now, it's worth noting Stock Advisor's total average return is 1,019% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025
Globe and Mail
01-08-2025
- Business
- Globe and Mail
Joby Collaborates With L3Harris to Pursue Defense Applications for Autonomous Hybrid VTOL Aircraft
Joby Aviation, Inc. (NYSE: JOBY) and L3Harris Technologies (NYSE: LHX) today announced they are exploring opportunities to develop a new aircraft class for defense applications. The gas turbine hybrid vertical take-off and landing (VTOL) aircraft is designed for low-altitude missions and offers the versatility of being optionally piloted, enabling both crewed and fully autonomous operations. This press release features multimedia. View the full release here: The collaboration leverages Joby's existing commercial aircraft development program and leading manufacturing capabilities, combined with L3Harris' proven expertise on platform missionization including sensors, effectors, communication and collaborative autonomy. Flight testing is expected to start this fall with the companies planning to perform operational demonstrations during government exercises in 2026. 'The next-generation of vertical lift technology enables long-range, crewed-uncrewed teaming for a range of missions,' said Jon Rambeau, President, Integrated Mission Systems, L3Harris. 'We share a vision with Joby to deliver urgently-required innovation by missionizing VTOL aircraft for defense needs.' JoeBen Bevirt, founder and CEO, Joby Aviation, added: 'We have worked closely with the Department of Defense over the past decade to give them a front row seat to the development of our dual-purpose technologies, and we're now ready to demonstrate and deploy it. Our country depends on companies like ours moving at pace, and we have the team, the technology and the platform to do just that.' Joby is actively developing a gas turbine hybrid powertrain for its current S4 aircraft platform and has demonstrated aircraft-level autonomy following its acquisition of the autonomy division of Xwing in June 2024. It has previously demonstrated under government contract that its platform can be hybridized to deliver longer-ranges, showcasing an industry-first 561 mile hydrogen-electric hybrid flight in June 2024. About Joby Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi. Joby intends to both operate its fast, quiet, and convenient air taxi service in cities around the world and sell its aircraft to other operators and partners. To learn more, visit About L3Harris Technologies L3Harris Technologies is the Trusted Disruptor in the defense industry. With customers' mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. Visit for more information. Forward Looking Statements This release contains 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the development and performance of Joby's aircraft and L3Harris' missionization capabilities, including the potential applications for a gas turbine hybrid VTOL aircraft and related autonomous capabilities; each of Joby's and L3Harris' business plan, objectives, goals and market opportunity; plans for, and potential benefits of, our respective strategic partnerships; and our current expectations relating to our respective businesses, financial condition, results of operations, and prospects. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as 'anticipate', 'estimate', 'expect', 'project', 'plan', 'intend', 'believe', 'may', 'will', 'should', 'can have', 'likely' and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including: the ability to produce aircraft that meet performance expectations in the volumes and on the timelines that Joby projects; L3Harris' ability to missionize aircraft as required government customers and to accurately project the cost and timelines for such missionization; the ability to secure additional contracts with the Department of Defense or other U.S. governmental agencies cannot be guaranteed; the competitive environment in which Joby and L3Harris operate; Joby's future capital needs; our ability to adequately protect and enforce our respective intellectual property rights; Joby's ability to effectively respond to evolving regulations and standards relating to aircraft; our reliance on third-party suppliers and service partners; uncertainties related to our estimates of the size of the market for our service and future revenue opportunities; our customers' ability to modify or terminate contracts; and other important factors discussed in the sections titled 'Risk Factors' in Joby's and L3Harris' Annual Reports on Form 10-K, filed with the Securities and Exchange Commission (the 'SEC') on February 27, 2025 and February 14, 2025, respectively, Joby's and L3Harris' Quarterly Reports on Form 10-Q filed with the SEC on May 8, 2025 and April 24, 2025, respectively, and in future filings and other reports either Joby or L3Harris file with or furnish to the SEC. Any such forward-looking statements represent Joby's or L3Harris' management's estimates and beliefs as of the date of this release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.
