Joby Aviation Lands $55 Million Contract From US Air Force

Signage on the Joby Aviation Air Taxi outside the New York Stock Exchange (NYSE) in Manhattan, New York, on Aug. 11, 2021. Andrew Kelly/Reuters

Electric aircraft maker Joby Aviation will deliver up to nine air taxis to the U.S. Air Force under a $55 million contract extension that marks the company’s first revenue-generating operations, the company announced on Tuesday.

Joby will deliver the first two aircraft to Edwards Air Force Base in California by March 2024 for field exercises that will help the Air Force determine whether to adopt electric vertical takeoff and landing (eVTOL) aircraft.