Joby Collaborates With L3Harris to Pursue Defense Applications for Autonomous Hybrid VTOL Aircraft
1. JOBY and L3Harris explore developing a hybrid VTOL aircraft for defense. 2. The new aircraft will support crewed and autonomous operations.
FAQ
Why Bullish?
The collaboration could enhance JOBY's market presence and revenue streams, similar to past defense contracts boosting stock prices.
How important is it?
This partnership signifies JOBY's diversification into defense, potentially increasing its market valuation and investor interest.
Why Long Term?
The defense sector can lead to sustained demand, as seen with aerospace firms benefiting over years from military contracts.