NYSE:JOBYAirlines
Joby Facility Plan Shifts Focus To Production Risks And Opportunities
Joby Aviation (NYSE:JOBY) plans to acquire a large manufacturing facility to support scaled production of its eVTOL aircraft.
The company is targeting output of four aircraft per month by 2027 as it prepares for commercial air taxi operations.
The move follows Joby’s selection for a federal pilot program and progress with the FAA on flight approvals.
For investors watching Joby Aviation, the facility plan shifts attention from test flights to industrial execution. The company focuses on...