Joby Aviation has a relationship with the United States Department of Defense.
The Air Force launched a program in April 2020 to test, experiment and generally accelerate the development of e VTOL for cross commercial and military use.
Joby will work with the U.S. Marine Corps in order to test Joby's e VTOLs in non-combat use cases.
The Army, Navy, Air Force, and Marine Corps are all interested in e VTOL. EVTOLs promise a lower noise profile, as well as a lower cost to operate, and possibly more flexibility for missions.
Replacing jet fuel-burning vehicles with electric aircraft can be a piece of that puzzle.
The mission of the Department of Defense is to be at the forefront of the next generation of aviation technology and have a say in how that technology is developed.
The White House held a summit on air mobility. The Advanced Air Mobility (AAM) Coordination and Leadership Act is currently being considered by Congress. The AAM working group will be established by the Department of transportation.
The contract has a potential value of more than 75 million dollars. The partnership brings with it access to testing facilities, a foot in the door with government partners and some help covering the costs of advanced testing.
It will lead to more substantial deployment of real aircraft in the field with the military. This is a building block to make sure that the Department of Defense knows what e VTOL can do.
The FAA certified Joby to begin on-demand commercial air taxi operations.
Joby's second quarter results will be reported Thursday. The company's earnings per share is expected to come in at -$0.15 which is a 34% decrease from the previous quarter.
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