Joby Aviation acquires facility at Dayton International Airport

Joby Aviation Inc (NYSE: JOBY) has secured a facility at the Dayton International Airport. Its shares are trading slightly up at writing.

Joby president’s remarks on acquiring new facility

The acquisition will enable the eVTOL company to start manufacturing in Dayton, Ohio. Didier Papadopoulos – the president of Joby Aviation said in a press release today:

The news arrives less than a month after $JOBY announced to have key FAA approvals (find out more). Its revenue came in shy of Street estimates in the latest reported quarter.

Joby Aviation shares are currently down about 15% versus their year-to-date high in February.

$JOBY is committed to investing $500 million in Dayton

Joby Aviation is committed to expanding its manufacturing operations in Ohio.

Eventually, the New York listed firm wants to set up a larger factory in Dayton – capable of producing as many as 500 electric vertical take-off and landing aircrafts per year.

$JOBY had first committed to investing $500 million in Dayton in September of 2023. At the time, the air taxi company said it will create 2,000 jobs as it moves to scale manufacturing in that city. President Papadopoulos also said today: